Indonesia
How can Open Finance benefit SMEs in Indonesia?
With Open Finance, banks and lending platforms can credit score their lenders in a faster and more accurate manner. By accessing their cash flow statements, these lenders will have a clearer picture of an SME’s true ability to repay the loan.
Indonesian social commerce startup Super raises $28M Series B led by SoftBank Ventures Asia
The company plans to use its Series B funding to double down on its presence in East Java and launch in other Indonesian provinces later this year. Currently, the startup mainly offers FMCG products and is looking into expanding its product range. Lastly, the company plans to use the money to further develop its white label brand, SuperEats.
The land of unicorns: The rise of startups in Indonesia
What will it take to realize Indonesia’s potential as the land of unicorns? In a nutshell, it entails a paradigm shift within Indonesia’s startup ecosystem. Instead of fast returns and quick gains, startups, traditional businesses and investors alike should focus on long-term sustainability.
Indonesia e-commerce unicorn Bukalapak receives backing from state-owned banks in a $234M venture round
The company plans to use its fresh capital to increase its user base of warungs (mom and pop stores), micro, and small businesses in Indonesia. The company’s strategic partnerships with both state-owned banks will also give its user base access to more products and services that the banks offer.
P2P lending platform Amartha secures $50M debt financing to empower rural female entrepreneurs in Indonesia
with Lendable’s support, Amartha can take their business a step further and help empower Indonesia’s 22 million female micro-entrepreneurs to develop or start their businesses as the company tries to help the country recover economically post-pandemic.
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
