Indonesia
AirAsia to acquire Gojek’s Thai operations for $50M via share swap deal
The purchase considerations for the proposed acquisitions will be wholly satisfied by the issue of new shares in the AirAsia SuperApp. Gojek will own 4.76 percent in AirAsia SuperApp after the proposed acquisition.
Malaysia’s Carsome announces strategic investment in Indonesia’s car auction firm PT Universal Collection
The development came after the startup is said to be weighing going public with special purpose acquisition company (SPAC) as option.
Indonesia’s aesthetic dentistry tech firm KLAR raises Seed funding round led by AC Ventures
KLAR plans to use the funding for four business goals including R&D development to achieve economies of scale and treatment optimization, expand the company's talent base, enhance branding, and venture into complementary product offerings
ADB Ventures invest in FinTech firm Fairbanc for Indonesia expansion
Fairbanc's proprietary data science and machine learning platform leverages supply-chain data of FMCG distributor partners which allows financial institutions to assess credit risk and extend working capital to MSMEs with limited credit history and collaterals, according to the disclosure.
Jakarta-based HealthTech startup Prixa secures $3M Seed Fund led by Telkom’s MDI Ventures
Since its founding in 2019 by James Roring M.D., Prixa has raised a total of $4.5 million. The startup plans to use the total raised capital to invest in scaling its user base, reinforcing its relationship with business to business clients, and working on more healthcare services.
With BukuWarung securing its $60M Series A, the Indonesia FinTech industry becomes more competitive
Since its founding in 2019, BukuWarung has been helping MSMEs digitize their businesses by offering numerous accounting solutions to move onto the digital platform. The startup has more than 6.5 million registered partner merchants across 750 Indonesian cities and towns on its platform.
Indonesia HealthTech startup Alodokter secures fresh capital from MDI Ventures and Samsung Ventures
The investment from MDI Ventures and Samsung Ventures will be directed to further improve Alodokter's ecosystem ... Key focus areas going forward include technology innovation, increasing the talent pool, and adding new features and functionalities.
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.
