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Indonesia is one of the world’s largest fisheries producers, but the industry is very fragmented. This was the main idea, but the bigger thing we saw at the time was the advantage of Indonesia’s position as a large agricultural country with big potential in the seafood industry,” Aslam told TechCrunch. Series B round.
“Buy now, pay later” (BNPL) startups have gained traction by targeting consumers, but BNPLs for businesses are also starting to take off. One example is Fairbanc , which is based in Singapore but focused on Indonesia. It allows small businesses to take out short-term credit to purchase fast-moving consumer goods (FMCG) inventory.
RaRa Delivery ’s ambitious goal is to offer same-day deliveries in Indonesia without burning cash like many on-demand logistics providers. RaRa Delivery’s goal is to integrate with all major marketplaces in Indonesia, so sellers can offer it as a delivery option to customers. The company announced today it has raised $3.25
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. Its platform digitizes the process of ordering, managing and tracking trucks.
Once someone becomes a member, they also get access to a platform of health services, including AI-based self-assessment tools, 24/7 telemedicine consultations for no added fee and pharmacy deliveries. They are joined by insurance industry veteran David Nugrho as their chief business officer. .
Even the largest landfills in Indonesia are at (or nearing) capacity , and the government has set an ambitious target of 30% waste reduction by 2025. For recycling business partners, including informal waste collectors, Waste4Change is building a platform to help them sell and buy solid waste with the company.
Intudo Ventures , the “Indonesia-only” investment firm, announced today it has closed its third fund, totaling $115 million. Intudo founding partners Patrick Yip and Eddy Chan launched the firm in June 2017 as the first Indonesia-only venture capital firm, with a debut fund of $10 million. Series B round.
While Indonesia isn’t the most crypto active in the region — total crypto value received was less than half of Thailand’s from July 2021 to June 2022, according to Chainalysis — the country is thought to hold huge potential for web3 adoption, thanks to a young and sizable (270 million) population as well as a vibrant Web 2.0
Founded in 2016, TaniHub now has more than 45,000 farmers and 350,000 buyers (including businesses and consumers) in its network. TaniHub is its B2B e-commerce platform, which connects farmers directly to customers. Agritech startup TaniGroup raises $10M to help Indonesia’s farmers grow.
Glints , the Singapore-based career platform, announced today it has raised $22.5 The new capital will be used on Glints’ expansion in Singapore, Indonesia, Vietnam and Taiwan and hiring for its product and engineering teams. million in Series C funding led by Japanese human resources management firm PERSOL Holdings.
Earned wage access (EWA) platforms that allow workers to withdraw their earnings on demand instead of waiting until payday are proliferating around the world. Some notable EWA platforms include Gusto’s Flexible Pay; DailyPay, which recently hit unicorn status ; Wagestream; Minu and Even.
Fazz will use the round to continue building out its business accounts, which include payment, savings and credit features. It plans to double its transaction volumes over the next 12 months, and expand its teams in Singapore, Indonesia, Malaysia, Vietnam and Taiwan from 800 employees to 1,400.
The Indonesia-based financial platform for SMEs announced today it has raised $108 million in Series C funding led by MDI Ventures. Since then, it has also developed a comprehensive platform of financial tools to help its customers, including e-commerce vendors and social commerce sellers, increase their sales.
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. Fuse uses mobile applications to offer an agent-focused service, B2A (Business to Agent/ Broker).
Jenfi , a “growth-capital-as-a-service” platform, can provide online businesses with revenue-based financing in a little as a day. The new funding will be used to grow its customer base in Singapore, Vietnam and Indonesia, and expand into new markets in Southeast Asia, like Malaysia, the Philippines and Thailand.
Workmate , a Singapore-based on-demand staffing platform, has been acquired by Persol Asia Pacific , one of the region’s largest HR service providers. Workmate currently operates in Thailand and Indonesia and is expanding operations into Singapore this month. Workmate’s Thailand team.
Validus , a Singapore-based lending platform for small and medium-sized enterprises, is acquiring CitiBusiness’ loan portfolio for an undisclosed amount to bolster its top-line revenue and customer base and expand its growing loan book. . In January, the company crossed a significant milestone of over $1 billion (SG$1.6
Approximately 200 D2C brands have already started using Plugo’s beta service in Indonesia. The Singapore-based startup with offices in Indonesia and South Korea intends to launch its service officially in Indonesia in the first quarter of next year. Bang founded Plugo two months ago with five founding members.
startup Ecologi , which uses the funds to plant 1 million trees every 10 days in places like Africa and Latin America, as well as doing things like protecting peatlands in Indonesia. s Crowdcube platform. In early 2022 the company also plans to launch Ecologi Zero , its real-time carbon footprinting software for businesses.
Omni wants to be the human resources platform to rule them all—or at least all HR-related tasks. Based in Singapore, it is currently active there and in Indonesia, and plans to roll out in other Southeast Asian markets after localizing for employment regulations. Instead, we see it as a ‘system of record’ of employee information.”.
Shippit , a Sydney, Australia-based e-commerce logistics platform, will expand in Southeast Asia after closing a $30 million AUD (about $22.2 Shippit is considering expansion into the Philippines and Indonesia, too, and expects its Southeast Asian business to grow 100% year-over-year for the next three years at minimum.
It’s the easiest option when I’m trying to be succinct, but Southeast Asia consists of 11 countries, and obviously there are huge differences between, say, Singapore, Myanmar, Laos, Vietnam, the Philippines and Indonesia. Some other startups that target SMEs include earned wage access and payroll management platform GajiGesa and Wagely.
Mobile Premier League (MPL) has raised $95 million in a new financing round, just five months after it secured $90 million as the two-and-a-half-year-old Bangalore-based esports and gaming platform looks to grow in international markets. million users in Indonesia, also serves as a publishing platform for other gaming firms.
South Korean startup Kakao Entertainment announced today it has acquired Wuxiaworld , an Asia fantasy fiction platform, via its serialized fiction app subsidiary Radish to bolster the mobile storytelling business. based storytelling platform acquisitions , Radish and Tapas Media. The transaction size is $37.5 million. .
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.
The global thirst for an up-charged pair of Yeezy’s or limited edition Jordan’s combined with a growth in a digital ecosystem is creating new opportunities, particularly in the sneaker resale market, for companies like Kicks Crew , a Los Angeles- and Hong Kong-based sneaker and apparel platform.
Launched in South Korea five years ago, content discovery platform Dable now serves a total of six markets in Asia. Dable (the name is a combination of “data” and “able”) currently serves more than 2,500 media outlets in South Korea, Japan, Taiwan, Indonesia, Vietnam and Malaysia. Taboola and Outbrain call off their $850M merger.
Xendit , a payments infrastructure platform for Southeast Asia, has raised $300 million in fresh funding. Xendit now has over 3,000 customers, including Samsung Indonesia, GrabPay, Ninja Van Philippines, Qoala, Unicef Indonesia, Cashalo and Shopback. Many small businesses, however, do not have the time or resources to do that.
The proliferation of delivery services give customers many options, but means chaos for busy restaurants that need to manage orders across multiple apps and channels. Klikit wants to save Southeast Asian food businesses from “ tablet hell ” by aggregating order information from all apps into one platform.
One Impression, an Indian influencer marketing platform that does business in markets including Indonesia, Dubai, Europe and the U.S., The Gurugram-based startup is building an Amazon-like platform to help brands quickly find relevant influencers for their marketing campaigns.
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.
Soeherman’s uncle ran an agricultural supplies business, which gave him a look into the difficulties faced by farmers while he was growing up. In Indonesia, there are 33 million farmers and the majority are aged over 45 years. If nothing changes, within 10 years Indonesia will experience a farmer regeneration crisis.”.
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.
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.
Glints , one of Southeast Asia’s largest talent development and recruitment platforms, announced today it has raised $50 million in an oversubscribed Series D. The round was co-led by DCM Ventures, Lavender Hill Capital and returning investor PERSOL Holdings. This brings Glints’ total raised so far to $80 million. Glints’ team.
Staff management platform Vara’s team. If you follow startup news from Indonesia, you know that the country’s estimated 60 million small businesses are a hot target for tech companies. It says more than 100,000 small businesses are already using Bukugaji. The company announced today it has raised $4.8
Malaysia-based Food Market Hub is a cloud-based platform that connects food and beverage (F&B) outlets directly to suppliers, making it easier to communicate and manage orders. Orders can be placed through the platform or by email and WhatsApp. Orders can be placed through the platform or by email and WhatsApp.
The funding will be used on hiring, enhancing Evermos’ recommendation engine and other AI-based tech, and entering new regions in Indonesia. Its goal is to reach more than one million resellers throughout Indonesia over the next five years. For example, it has to be halal, if it’s fashion it has be modest fashion.”.
Waresix , one of Indonesia’s largest logistics startups, has acquired Trukita , a company that focuses on the “first mile.” While Waresix’s platform digitizes all parts of the supply and logistics chain, its current focus is on mid-mile logistics services, or transportation from warehouses to distributors.
In July, it announced a strategic investment in legacy online payments platform Dragonpay. By August, there were 10,000 SME sign-ups on our platform alone. The other one is expanding out to fintech companies—for example, there’s been a big uptick in Indonesia, especially accounting platforms. in Accel-led Series B.
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
SiCepat , an end-to-end logistics startup in Indonesia, announced today it has raised a $170 million Series B funding round. Founded in 2014 to provide last-mile deliveries for small merchants, the company has since expanded to serve large e-commerce platforms, too. million packages per day in 2020.
Flip , an Indonesia-based fintech startup, announced today it has raised $48 million in a Series B to accelerate its growth. Flip is Insight Partners’ first investment in Indonesia. . Arriyan, Luqman Sungkar and Ginanjar Ibnu Solikhin co-founded the company in 2015 while studying at University of Indonesia.
Focused on Southeast Asia, Ayoconnect ’s APIs make it faster for businesses to launch new financial services, instead of needing to build their own tech infrastructure. It is also licensed by Indonesia’s central bank, enabling it to offer more services.
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