Indonesia

Since its launch in September 2016, GREDU has grown its platform, which is currently being used by over 400 schools, bringing its total user base to roughly 400,000. The startup provides its users (students, parents, teachers, and administrators) with a single platform to communicate with each other and keep track of any important details.

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.

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.

The last-mile delivery startup plans to use its fresh capital to invest in working on its current services and infrastructure, and it is also entertaining the possibility of expanding in other markets within the Southeast Asian region.

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. 

The new fund aims to expand our market scope, and also develop more products and features.

Indonesia is looking to give local startups a boost by exempting foreign investors from minimum investment requirements. This is seen as an opportunity to continue fostering growth in Indonesia’s digital economy.

Robo-advisor mutual fund investment app Bibit raised $30 million in a Series A led by Sequoia Capital India. The funding round was also participated by previous investors EV Growth, AC Ventures, East Ventures, and the global early-stage venture fund 500 Startups.

The tech rumor mill has been churning as two of Indonesia’s biggest tech start-ups have been surfacing in headlines. Gojek, Indonesia’s multiservice platform that highlights its ride-hailing and digital payment features, has allegedly been in talks with one of Indonesia’s e-commerce pioneers, PT Tokopedia.