Indonesia

ALAMI Group, an Indonesia-based Shariah-compliant small and medium-sized enterprise (SME) lending platform, announced Monday that it has successfully closed pre-series B round led by East Ventures (Growth fund) alongside returning investors namely AC Ventures, Quona Capital and FEBE Ventures.

Indonesia-focused, early-stage venture capital firm AC Ventures (ACV) announced Wednesday that it has published Indonesia’s impact report to date on the local digital economy. In the report titled “Scaling Impact With Technology,” ACV analyzed its own operations, as well as those of its portfolio companies, to offer a numerical baseline for environmental,…

Bioma, an Indonesia-based product-as-a-service startup that enables consumers to rent various types of physical assets, announced Tuesday the completion of an undisclosed amount of pre-seed funding round co-led by East Ventures and Init-6.

Cosmart, an Indonesian membership-driven ecommerce platform for essential goods, announced Monday that it raised $5 million in an oversubscribed seed funding from Lightspeed, East Ventures, and Vertex Ventures Southeast Asia & India.

Indonesia Investment Authority (INA), BlackRock, Allianz Global Investors, Orion Capital Asia, and other leading global financial institutions have signed an agreement to provide a financing facility of $300 million to Traveloka, an Indonesia-based travel and lifestyle platform.

SerMorpheus, an Indonesia-based web3 brand-retailer enabler, announced Thursday the completion of a $2.5 million seed round of financing led by Intudo Ventures. The round also saw participation from 500 Global, Febe Ventures, AlphaLab Capital, BRI Ventures, and Caballeros Capital.

WeLab, a Hong Kong-based fintech platform, announced Monday the completion of the acquisition of an Indonesian commercial bank, PT Bank Jasa Jakarta (BJJ), together with PT Astra International Tbk (Astra), one of Indonesia's largest public companies.

Indonesia-based crypto exchange and marketplace Reku (formerly Rekeningku.com) has secured an $11 million series A funding round, led by AC Ventures (ACV), with participation from Coinbase Ventures and Skystar Capital. 

Indonesia-based insurtech PasarPolis has partnered with e-commerce giant Shopee to provide affordable and accessible insurance for customers across Indonesia, Thailand, and Vietnam. With expansion plans across Southeast Asia, PasarPolis currently has partnerships with over 50 insurance providers and digital giants including Gojek, IKEA, Xiaomi, and more.

Singapore and Indonesia-based digital financial services group Fazz (previously known as Fazz Financial Group), announced Wednesday a $100 million Series C funding round. This consists of $75 million in equity, which includes investment from existing investors such as Tiger Global, DST Investment, B Capital, Insignia Ventures Partners and ACE & Company.