Indonesia
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.
Singapore EdTech firm ErudiFi raises debt facility of $15M with Helicap
ErudiFi has secured a debt facility of $15 million from Helicap. This funding round will help support the firm in providing for the needs of students across the Philippines and Indonesia, by offering them affordable tuition installment plans.
Indonesian wealthtech startup Pluang secures $55M funding led by Accel
Pluang has raised $55 million in a funding round led by Accel, with participation from Openspace. It plans to use the additional funding to further build out its technology capabilities and expand its asset classes. The company also plans to expand the availability of its app and services throughout key additional international markets. This expansion is…
Indonesian renewable energy startup Xurya receives $21.5M Series A funding led by East Ventures and Saratoga
PT Xurya Daya Indonesia (Xurya) has raised series A funding of $21.5 million. This series A funding round was led by a venture capital firm, East Ventures (Growth fund), and PT Saratoga Investama Sedaya Tbk. (Saratoga) with the returning participation of existing investors Schneider Electric and New Energy Nexus Indonesia.
Southeast Asia neobank Crowdo closes $5.9M pre-Series B convertible bridge round from Gobi, Ivest
The funds will be used to expand Crowdo’s neobank platform in Singapore and Indonesia and scale its ESG financing portfolio. Crowdo is headquartered in Singapore but fully licensed by the Indonesian financial authority Otoritas Jasa Keuangan for digital lending in since 2017. The fintech is also registered with the Securities Commission Malaysia.
Indonesian Fintech player KoinWorks raises $108M in Series C funding led by MDI Ventures
KoinWorks has raised $108 million Series C funding round led by MDI Ventures, Previous equity investors such as Quona Capital, Triodos Investment Management, Saison Capital, ACV and East Ventures also participated in the round. The funding, which consists of $43 million in equity and $65 million in debt capital, will be used to scale KoinWorks’ solutions…
Indonesian agritech start-up eFishery raises $90M Series C to expand throughout Asia
eFishery has successfully closed $90 million in its Series C round. This round of investment was co-led by Temasek, SoftBank Vision Fund 2, and Sequoia Capital India, with participation from existing investors including the Northstar Group, Go-Ventures, Aqua-Spark, and Wavemaker Partners. The funds raised will be used to scale up its platform and to…
Indonesian logistics firm J&T Express officially launches its express network in the UAE and Saudi Arabia
J&T Express has official launhced its express network in the United Arab Emirates (UAE) and Saudi Arabia. The two countries are the first markets to be covered by the firm in the Middle East, and the latest expansion brings the firm's global network coverage to a total of ten countries.
Indonesian cloud-based POS Olsera raises $2.5M from Kejora-SBI Orbit
Olsera has raised $2.5 million in seed round funding from Kejora-SBI Orbit. With this fresh capital, Olsera seeks to strengthen its technological infrastructure, recruit more talents and accelerate their merchant acquisition in another 200 cities in Indonesia.
CT Corp, Salim, Bukalapak, Grab, Carro and Growtheum Capital Partners to buy into Indonesia’s Allo Bank right issue
Indonesian conglomerates CT Corp, Salim Group, e-commerce marketplace Bukalapak, ride-hailling firm Grab, used car marketplace Carro, and private equity firm Growtheum Capital Partners have jointly participated in the rights issue of Bank Allo to accelerate the expansion of credit services across Indonesia. Bank Allo is a fully licensed bank offering…
