Indonesia
SoftBank Ventures Asia leads FinTech startup OY! Indonesia’s $30M Series A funding round
Other investors include MDI, Pavilion Capital, AC Venture, CCV, Wavemaker, PT SAT, Saison Capital, Orion Advisors (DST Founders).
UOB Venture Management leads $30M Series B in Indonesia ‘halal’ social commerce platform Evermos
The fresh funds will be used to expand the leadership and growth teams, to enter new geographies and to deepen technology development.
Malaysia finance minister says Indonesian FinTech unicorn Xendit to relocate financial hub to Malaysia – report
Xendit will relocate its financial hub to Malaysia, following an investment from the Malaysian government’s venture capital investment fund.
Indonesia social e-commerce platform Dagangan raises $11.5M Series A led by Monk’s Hill Ventures
The funding will be used to grow Dagangan's house brand of private-label local products, product development, talent acquisition, and grow partnerships with community leaders, key opinion leaders, local entrepreneurs, and village chiefs.
Japan eGift firm Giftee invests in Indonesian customer loyalty platform TADA
Giftee's investment into TADA Network marks its second major investment outside of Japan as part of the company's expansion in Southeast Asia.
Indonesia FinTech firm Xendit reaches unicorn status with $150M Series C led by Tiger Global Management
With the latest investment, Xendit plans to continue innovating its product suite, with sights on expansion into select countries across Southeast Asia.
Indonesia wealth tech firm Pluang raises $55M round led by Square Peg
With the fresh capital, the company will continue to democratize access for Indonesian retail investors to grow their wealth via its digital savings and investing products.
Indonesia e-commerce firm SIRCLO bags $36M funding from East Ventures, Saratoga, Traveloka
The funding aims to further develop SIRCLO’s technological capabilities and accelerate the retail digitalization for various businesses all across Indonesia.
‘Indonesia-only’ VC firm Intudo Ventures closes $115M Fund III
Intudo Ventures Fund III will seek out opportunities in agriculture, B2B & enterprise, education, finance & insurance, healthcare, logistics, and new retail & entertainment, constructing a concentrated portfolio of 12-14 Indonesian homegrown companies.
[Updated] Indonesia unicorn Traveloka said to halt talks with Bridgetown SPAC – report
The Southeast Asian online travel company will likely explore going public via a traditional initial public offering (IPO) in the US market, according to the report.
