Indonesia
Indonesian open finance fintech Ayoconnect raises $15M led by Tiger Global
Ayoconnect has closed a $15 million series B financing round led by Tiger Global. The round was joined by PayU, the payments and fintech business of Prosus, and Alto Partners, as well as individual strategic investors, including Plaid Co-Founder William Hockey and Jerry Ng, President Commissioner of Bank Jago, It will use the funds to satisfy increasing…
AirAsia logistics arm Teleport invests in Indonesian trucking marketplace Kargo Technologies
In its efforts to be a major player for delivery in the Southeast Asia region, Teleport, the logistics venture of Airasia, has invested in Kargo Technologies (Kargo), Indonesia’s largest trucking marketplace, in the form of convertible notes. This acquisition was funded through Teleport’s internally generated sources,
Malaysia, Indonesia central banks launch cross border QR payment linkage
The central bank of Malaysia and Indonesia on Thursday launched a cross-border QR payment linkage, to enable instant, secure, and efficient cross-border payments between Malaysia and Indonesia. Through this linkage, consumers in both countries will be able to make retail payments by scanning the DuitNow or Quick Response Code Indonesian Standard (QRIS) QR…
Indonesian people management and salary-on-demand platform Gajiku raises $1.1M in seed financing led by AC Ventures
Gajiku announced Thursday the completion of a $1.1 million seed round of financing led by AC Ventures, with participation from Agung Ventures, Monk’s Hill Ventures, Sampoerna, as well as several influential Indonesian entrepreneurs and angel investors. With this round of financing, Gajiku plans to focus on product development to roll out new services and…
Indonesian fishery platform Aruna raises $30M in follow-on Series A funding, bringing total capital raised to $65M
The round also saw participation from existing investors Prosus Ventures, AC Ventures, East Ventures (Growth Fund), Indogen Capital, SMDV and SIG Venture Capital. This brings the total Series A funding raised to $65 million.
Indonesian ecommerce enabler SIRCLO acquires retail platform Warung Pintar to strengthen omnichannel services for MSMEs
Indonesia’s e-commerce enabler company SIRCLO announced Wednesday its acquisition of Warung Pintar, a technology-based retail company that provides a range of digital products and services for the micro-retail (warung) business ecosystem. Post-acquisition, Warung Pintar is incorporated into the SIRCLO Group to offer a comprehensive omnichannel solution for…
AC Ventures’ Adrian Li says Indonesia’s the most compelling market to invest in ASEAN [Q&A]
Last month, AC Ventures had closed its Fund III with over $205 million in committed capital.
Indonesian used car platform Moladin raises $42M in Series A funding led by Sequoia Capital India and Northstar Group
Moladin has raised a $42 million Series A investment round led by Sequoia Capital India and Northstar Group. The investment, which is one of Southeast Asia’s largest Series A funding rounds, will allow Moladin to solidify its position as Indonesia’s leading used car platform. The round also includes participation from East Ventures, Global Founders Capital,…
Alpha JWC forecasts Indonesia will produce at least 10 more unicorns by 2025
Alpha JWC Ventures forecasts that Indonesia will produce at least 10 more unicorns by 2025. The VC firm saw four unicorns from its portfolio in 2021, with 14 companies valued between $500 million to $1 billion, buoyed by global investors’ interests and the strong performance of Indonesia’s tech sector. In the fourth quarter of last year, the VC firm also…
Ant-backed Indonesia’s Akulaku considers SPAC merger at $2B value – report
"Both parties have signed an exclusive relationship," a person familiar with the matter told TechNode Global.
