Indonesia
Indonesia’s Baskit secures $3.3M seed round to digitize distribution infrastructure for SMEs
Baskit plans to utilize the newly-raised funds to expedite its tech roadmap and extend its reach within #Indonesia. "Our goal is to harmonize the #supplychain, embracing transformative technologies while respecting traditional norms," says Baskit's CEO, Yann Schuermans. "To achieve this, we are developing cutting-edge tools that will be both functional and…
IFC invests $500M in Bank BTPN to strengthen climate action and boost inclusive development in Indonesia
The International Finance Corporation (IFC), a member of the World Bank Group, will invest up to $500 million in Indonesian lender PT Bank BTPN Tbk (BTPN), comprising a social bond and a green bond issuance.
Indonesia’s Slice closes $645,000 seed round led by Intudo Ventures and Arise
Slice Group, an Indonesian developer of creator management tools for the creator economy, has on Wednesday announced the completion of a $645,000 seed round of financing led by Intudo Ventures and Arise.
GoTo-backed Go-Ventures rebrands as Argor; raises $240M
GoTo-backed investment firm Go-Ventures has rebranded as Argor Capital Management Pte. Ltd. (Argor) and closed its second flagship venture fund at $240 million.
Indonesian B2B payments orchestrator Durianpay eyes expansion following five times TPV growth
Indonesian business to business (B2B) payments orchestrator Durianpay has announced its plans for further expansion following a remarkable financial performance in the first half of 2023. The firm reported a five times year on year growth in total processing value (TPV) since 2022 and a positive gross margin since its first year of operating.
Paywatch partners KB Bukopin to empower Indonesian workers with bank-backed EWA service
Paywatch, a Singapore-based earned wage access (EWA), has partnered with Bank KB Bukopin, to launch the first bank-backed EWA service in Indonesia, aimed at promoting greater financial inclusion and improving the financial well-being of employees.
BYD outbids Tesla to power Indonesian Blue Bird taxis – report
Bluebird is committed to using 10 percent of electric vehicles by 2030, according to its latest annual report.
Indonesia’s Ringkas raises $3.5M in seed round co-led by East Ventures and Crestone Venture Capital
Ringkas, an Indonesia-based digital mortgage platform, announced Wednesday it has secured a US$3.5 million in seed round co-led by East Ventures and Crestone Venture Capital. Other investors that participated include 500 Global, Teja Ventures, Orvel Ventures, Hustle Fund, and others.
Stockbit and Fullerton Fund Management forge strategic partnership and acquire PT Ayers Asia Asset Management
Indonesia-based digital investing platform PT Stockbit Investa Bersama (Stockbit) and Singapore-headquartered investment firm Fullerton Fund Management Company Ltd (Fullerton), have entered into a strategic partnership to address the wealth management needs of Indonesian investors.
Government-backed startup Studio Indonesia Alumni raises $65.8M in funding
Startup Studio Indonesia (SSI), a startup accelerator program backed by the Indonesian government, has on Friday announced that its alumni have collectively secured funding worth $65.8 million.
