TechCrunch

SEPTEMBER 14, 2022

Fazz , the Southeast Asian digital financial services group created by the merger of PayFazz and Xfers , announced today that it has raised a total of $100 million in Series C funding. Fazz will use the round to continue building out its business accounts, which include payment, savings and credit features.

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Business Indonesia Raise Malaysia 98

TechCrunch

FEBRUARY 2, 2021

BukuWarung , an Indonesian startup focused on digitizing the country’s 60 million small businesses, announced today it has raised new funding from Rocketship.vc The amount was undisclosed, but sources say it brings BukuWarung’s total funding so far to $20 million. and an Indonesian retail conglomerate. Rocketship.vc

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Digital Fund Indonesia Raise 89

TechCrunch

DECEMBER 13, 2021

Indonesia-based insurtech startup Fuse announced today it has secured $25 million of Series B extension round as it plans to enter more countries including Thailand and Vietnam in Southeast Asia. The startup has closed three funding rounds of Series B within the past six months, bringing the company’s total raised to over $70 million.

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Asia Indonesia Vietnam Thailand 131

TechCrunch

SEPTEMBER 14, 2021

Jakarta-based Xendit , best known for its digital payment infrastructure but also focused on other financial products, announced today it has raised $150 million in Series C funding, bumping its valuation to $1 billion. This new round brings its total funding so far to $238 million. Accel led Xendit’s $64.6 One big segment are SMEs.

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Philippines Global Indonesia Fund 99

TechCrunch

AUGUST 9, 2021

Just two months after its last funding announcement , Indonesian crypto assets platform Pintu has closed a $35 million Series A+. Pintu’s previous funding, a $6 million Series A led by Pantera, Intudo and Coinbase Ventures, was announced in late May. million crypto investors in Indonesia, or about triple the 2.2

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Indonesia Fund Demographics Education 100

TechCrunch

NOVEMBER 2, 2020

Logisly , a Jakarta-based startup that describes itself as a “B2B tech-enabled logistics platform,” announced today it has raised $6 million in Series A funding to help streamline logistics in Indonesia. ” Shipper, a platform for e-commerce logistics in Indonesia, raises $5 million. .”

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Indonesia Platform Raise Digital 109

TechCrunch

APRIL 5, 2021

million in Series C funding led by Japanese human resources management firm PERSOL Holdings. The new capital will be used on Glints’ expansion in Singapore, Indonesia, Vietnam and Taiwan and hiring for its product and engineering teams. Glints , the Singapore-based career platform, announced today it has raised $22.5

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Singapore Platform Fund Asia 106

TechCrunch

MAY 15, 2023

Jenfi , a “growth-capital-as-a-service” platform, can provide online businesses with revenue-based financing in a little as a day. million in pre-Series B funding, led by Headline Asia. This lets Jenfi continuously monitor its borrowers’ business activity, including revenue growth and marketing return on investment.

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Fund Service Platform Vietnam 96

TechCrunch

FEBRUARY 15, 2022

Small businesses are the backbone of Southeast Asia’s economy, but many struggle to secure working capital loans because they don’t have traditional credit records or collateral, say the founders of Funding Societies. TechCrunch first covered Funding Societies when it raised its Series A in 2016. million loan transactions.

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TechCrunch

SEPTEMBER 14, 2022

AC Ventures (ACV) , a venture firm focused on early-stage startups in Indonesia and the rest of Southeast Asia, has reached the first close of its fifth investment fund (Fund V). The fund is targeting $250 million and has raised 65% of that capital so far, mostly from limited partners who invested in ACV’s previous funds.

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TechCrunch

DECEMBER 28, 2021

As someone who covers Southeast Asia startups and funding stories, the best word I can think of to describe 2021 is “whoa!” Backed by international LPs, Southeast Asia-focused venture firms like Alpha JWC , AC Ventures and Jungle Ventures raised their largest funds yet. Indonesian venture capital firm Alpha JWC closes $433M third fund.

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Indonesia Asia Singapore Aggregator 122

TechCrunch

AUGUST 3, 2021

InstaCarro , a digital marketplace that connects used car sellers to dealers in Brazil, has raised $23 million in a Series B round of funding. Chehaoduo in India and Carro in Indonesia. . The pandemic forced us to reinvent our business model. Indonesia and Mexico,” Nordin said. Notably, U.S.-based to the U.K.,

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Brazil Digital Fund Indonesia 102

TechCrunch

NOVEMBER 12, 2020

Railsbank , the London-headquartered Banking-as-a-Service platform, has raised $37 million in new growth funding. and expand its product in APAC, including the Philippines, Indonesia, Malaysia, Australia and Japan. Leading the round is MiddleGame Ventures and Ventura Capital, which are both existing investors in Railsbank.

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Sri Lanka Service Fund Raise 115

TechCrunch

MAY 19, 2022

Xendit , a payments infrastructure platform for Southeast Asia, has raised $300 million in fresh funding. The company’s new valuation wasn’t disclosed, but it hit unicorn status in its last round of funding in September 2021. Part of the funding will be used to expand into new markets, like Thailand, Malaysia and Vietnam.

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Indonesia Philippines Asia Malaysia 99

TechCrunch

JULY 21, 2021

The funding was led by Asia Partners and Falcon Edge, with participation from Sequoia Capital India, Alpha JWC and Wavemaker Partners. Its last funding was a $25.4 Its last funding was a $25.4 Founded in January 2019, GudangAda is now used by half a million SMEs and covers 500 cities in Indonesia.

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Indonesia Fund Raise India 76

TechCrunch

JUNE 14, 2021

Carro , one of the largest automotive marketplaces in Southeast Asia, announced it has hit unicorn valuation after raising a $360 million Series C led by SoftBank Vision Fund 2. Other participants include insurance giant MSIG and Indonesian-based funds like EV Growth, Provident Growth and Indies Capital. Where do cars go, right?

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Fund Asia Singapore Thailand 100

TechCrunch

MARCH 2, 2022

The round was led by Go-Ventures, with participation from MDI Arise, MDI Centauri, Mercy Corps Social Venture Fund and angel investors. The funding will be used on hiring and increasing AgriAku’s market penetration. AgriAku is the latest among several agritech startups in Indonesia that have recently announced funding rounds.

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Fund Indonesia Asia Model 93

TechCrunch

MARCH 4, 2021

SiCepat , an end-to-end logistics startup in Indonesia, announced today it has raised a $170 million Series B funding round. The company’s last funding announcement was a $50 million Series A in April 2019. The logistics industry in Indonesia is highly fragmented , which means higher costs for businesses.

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Indonesia Raise Asia Fund 102

TechCrunch

MAY 20, 2021

Farmers and food businesses, like restaurants, deal with the same issue: a fragmented supply chain. Secai Marche wants to streamline agricultural logistics, making fulfillment more cost-efficient and enabling food businesses to bundle products from different farmers into the same order. billion JPY (about $8.5 billion) in 2030.

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Malaysia Japan Fund Singapore 101

TechCrunch

JUNE 9, 2021

BukuWarung , a fintech focused on Indonesia’s micro, small and medium enterprises (MSMEs), announced today it has raised a $60 million Series A. The oversubscribed round was led by Valar Ventures, marking the firm’s first investment in Indonesia, and Goodwater Capital. BukuWarung’s new round brings its total funding to $80 million.

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Indonesia Singapore Digital Fund 101

TechCrunch

SEPTEMBER 2, 2021

Its products currently include motor and travel insurance policies that can be purchased online, and Sunday Health for Business, a healthcare coverage program for employers. The new funding will be used to expand in Indonesia and develop new distribution channels, including insurance agents and SMEs.

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TechCrunch

MAY 11, 2021

Singapore-based Aspire , which wants to become the financial services “one-stop shop” for SMEs, announced that its business accounts have reached $1 billion in annualized transaction volume one year after launching. We can go in and say we offer all-in-one financial tools for growing businesses,” he said.

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Business Singapore Asia Vietnam 94

TechCrunch

MAY 29, 2022

Indonesia’s sprawling archipelago has long been a headache for logistics companies, but there’s no lack of brave challengers. Founded by Tokopedia veteran Vincent Tjendra , Astro plans to spend its funding proceeds on user acquisition, product development and hiring more staff to add to its current team of 200. ”

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South Korea Indonesia Work Raise 101

TechCrunch

JULY 25, 2022

Now it’s set a goal of investing in 100 more startups with the launch of its second emerging market seed-stage fund, called Seedstars International Ventures II (SIV), with a first close of $20 million. One difference between SIV II and the first fund is that it can writer bigger checks. We align ourselves with a lot of the ESGs.”.

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Fund Marketing Pakistan Mentoring 98

TechCrunch

DECEMBER 7, 2021

Flip , an Indonesia-based fintech startup, announced today it has raised $48 million in a Series B to accelerate its growth. The funding brings Flip’s total capital raised to $65million. . Flip is Insight Partners’ first investment in Indonesia. . This new funding is a testament to our team’s commitment and persistence.

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Indonesia Support India Fund 82

TechCrunch

DECEMBER 22, 2020

But in markets like Indonesia, many still use digital wallets or e-commerce platforms, creating alternative sources of user data that can help them secure working capital and other financial tools. Currently in beta mode with more than 20 clients, Finantier is busy getting ready to officially launch.

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Singapore Open Indonesia Asia 107

TechCrunch

DECEMBER 16, 2020

Trukita has an extended network of over 10,000 trucks, and the combination of the two companies means it is “now one of the largest logistics technology providers in Indonesia,” said co-founder and chief executive officer Andree Susanto. to advance its push to digitize logistics in Indonesia. Waresix hauls in $14.5M

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Indonesia Asia License Database 101

TechCrunch

MARCH 14, 2023

One Impression, an Indian influencer marketing platform that does business in markets including Indonesia, Dubai, Europe and the U.S., has raised $10 million in a funding round led by the South Korean gaming company Krafton. The Krafton-led, all-equity Series A funding round also saw participation from Peer Capital.

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Influence Platform Fund Marketing 98

TechCrunch

MARCH 2, 2021

The rapid growth of e-commerce in Indonesia, especially during the pandemic, is placing increasing demands on its supply chain infrastructure. million funding round led by East Ventures. million funding round led by East Ventures. Indonesia’s Kargo comes out of stealth with $7.6M

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Indonesia Raise Offline Statistics 87

TechCrunch

SEPTEMBER 21, 2021

The company, which focuses on halal products and other items for Muslim customers, announced today it has raised a $30 million Series B, led by UOB Venture Management’s Asia Impact Investment Fund II. Its goal is to reach more than one million resellers throughout Indonesia over the next five years.

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Indonesia Social Asia Product 98

TechCrunch

APRIL 27, 2023

The microfinancing platform connects investors with small businesses using mudarabah, a shariah-compliant profit-sharing agreement. Indonesia emerged as the best choice. Indonesia and Malaysia, in the heart of Southeast Asia, are among the countries with the largest Muslim populations in the world. out of its 33.6 out of its 33.6

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Indonesia Malaysia Asia Profit 98

TechCrunch

MAY 21, 2021

The funding was led by MDI Ventures, the investment arm of Telkom Group, one of Indonesia’s largest telecoms, with participation from Add Ventures, BRI Ventures, Flourish Ventures, Intudo Ventures, Openspace Ventures, Tenaya Capital, UOB Venture Management and Vertex Ventures. million Series B.

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Group United Arab Emirates Platform Indonesia 100

TechCrunch

MAY 7, 2021

GajiGesa , a fintech startup that provides earned wage access (EWA) and other services for workers in Indonesia, has added strategic investors to help it launch new services and expand its user base. The amount of GajiGesa’s latest funding was undisclosed. million seed round led by Defy.vc and Quest Ventures in February.

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Indonesia India Asia Accessibility 95

TechCrunch

MARCH 22, 2023

The funding landscape in Southeast Asia is still wintery, but one fintech managed to land a major round. Kredivo Holdings , which offers credit services to underbanked consumers in Indonesia and Vietnam, has raised $270 million in what it says was an oversubscribed Series D. The company nearly went public last year in a $2.5

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Indonesia Asia Offline Vietnam 87

TechCrunch

DECEMBER 22, 2020

Lalamove will extend its network to cover more small Chinese cities after raising $515 million in Series E funding, the on-demand logistics company announced on its site. The company’s last funding announcement was in February 2019, when it hit unicorn status with a Series D of $300 million. All three are returning investors.

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TechCrunch

MARCH 30, 2021

To get more data for its latest Southeast Asia Tech Talent Compensation report, which covers startup hiring in Singapore, Indonesia and Vietnam, Monk’s Hill Ventures teamed up with Glints , one of its portfolio companies. Commercially in Southeast Asia, you can’t stay in a single market unless it’s maybe Indonesia,” said Yeo. “If

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Vietnam Indonesia Singapore Asia 98

TechCrunch

JANUARY 12, 2021

The backbone of Indonesia’s economy are small- to medium-sized businesses, which account for 60% of its gross domestic product. Many still rely on manual bookkeeping, but the impact of COVID-19 has driven small businesses to digitize more of their operations. Eventually, it wants to launch a SME-focused digital bank.

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India Indonesia Software Raise 81