Indonesia
Indonesian FinTech startup FUNDtastic secures $7.7M Series A for market expansion and new product development
The new fund aims to expand our market scope, and also develop more products and features.
Rocketship.vc backs BukuWarung in improving digitalization, monetization for micro biz across Indonesia
BukuWarung plans to use its fresh capital to expand its tech and product teams in Indonesia, Singapore, and India. It will concentrate on becoming more self-sustaining by working on its payments solution and releasing new monetization products.
Indonesia InsurTech platform PasarPolis raises $5 million in equity financing from The World Bank Group’s IFC
PasarPolis aims to increase insurance penetration and literacy across the region, with plans to scale its Vietnam and Thailand markets this year.
Indonesia digital ledger solution CrediBook secures $1.5M pre-Series A fund to grow SME base
CrediBook is a digital ledger that allows business owners to manage and track their expenses, accounts receivables, and receipts through a mobile platform. It mainly offers solutions for SMEs to better track their financials
Indonesia plans to relax foreign investment policies for local tech startups
Indonesia is looking to give local startups a boost by exempting foreign investors from minimum investment requirements. This is seen as an opportunity to continue fostering growth in Indonesia’s digital economy.
Indonesian AI investment advisor app Bibit secures $30M in Series A round
Robo-advisor mutual fund investment app Bibit raised $30 million in a Series A led by Sequoia Capital India. The funding round was also participated by previous investors EV Growth, AC Ventures, East Ventures, and the global early-stage venture fund 500 Startups.
Indonesia giants Gojek and Tokopedia reportedly in advanced talks for $18B merger
The tech rumor mill has been churning as two of Indonesia’s biggest tech start-ups have been surfacing in headlines. Gojek, Indonesia’s multiservice platform that highlights its ride-hailing and digital payment features, has allegedly been in talks with one of Indonesia’s e-commerce pioneers, PT Tokopedia.
