Indonesia
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.
Indonesia’s Evermos raises $39M funding led by IFC to fuel business expansion
Evermos, an Indonesia-based social commerce platform, has successfully raised $39 million in its Series C funding round. The funding is led by the International Finance Corporation (IFC) — a member of the World Bank group — and IFC Emerging Asia Fund, LP, managed by IFC Asset Management Company.
Tech sector may be in ‘funding winter’ but AC Ventures sees opportunities in EV, circular economy & sustainable agriculture, says Managing Partner [Q&A]
In the interview, Helen Wong also shared her views on the overall investment sentiment in Indonesia and gave updates on the deployment of its funds, among others.
Indonesia’s eFishery earns unicorn tag after raising Series D round – report
It was reported that 42XFund contributed $100 million to the round, while SoftBank Vision Fund II chipped in nearly $5 million, according to eFishery’s filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA). Southeast Asian private equity firm Northstar Group invested $3 million.
Indonesia’s SkorLife grabs US$4M seed funding led by Hummingbird Ventures
Indonesia-based fintech company SkorLife has announced that it raised a $4 million seed funding round led by global tech investor Hummingbird Ventures, with participation from QED Investors.
ORIGIN Conference: Southeast Asia: A Race to Go Sustainable
The panelists discussed sustainability issues and development across Southeast Asia. Avant Meat’s Chan and SWAP Energi’s Irwan explained how their startups can help to achieve sustainability goals while Ting, from Trive Ventures, gave examples on how the startups his firm invested in are driving sustainable innovation. He also gave his views from an…
