Remove Business Remove Indonesia Remove Ratio
article thumbnail

Indonesia’s IDEAL takes the pain out of applying for mortgages

TechCrunch

Surjaudaja told TechCrunch that IDEAL was started “with the thinking that consumer lending in Indonesia is broken.”. With that in mind, Indonesia has one of the lowest credit to GDP ratios in the region, signifying that there is a lot of economic value potential that can be unlocked. “We

article thumbnail

HR automation platform Omni wants to be the ‘Rippling of Southeast Asia’

TechCrunch

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. On the other hand, companies in Indonesia collect multiple forms of ID information, including KTD (resident’s card), KK (family card) and NPWP (tax ID). What downturn?

Asia 89
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

AC Ventures reaches first close of a $250M fund for Southeast Asian startups

TechCrunch

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). Founded in 2014, ACV’s portfolio now has over 120 investments in Indonesia and the rest of Southeast Asia.

Fund 83
article thumbnail

Despite layoffs, there’s still a talent crunch in Southeast Asia

TechCrunch

In particular, fintech startups—BNPL, credit and lending, and inventory-holding businesses—are vulnerable, like i n other parts of the world. A lot of new hiring will happen remotely, with companies turning to Vietnam and Indonesia, which have both seen less layoffs, for top tech talent. among those affected.

Asia 96
article thumbnail

SME lender Funding Societies raises $144M led by SoftBank Vision Fund 2, plus $150M in debt lines

TechCrunch

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. The company was founded in 2015 by Kelvin Teo and Reynold Wijaya after they met in Harvard Business School.

Fund 94
article thumbnail

Opaper takes the friction out of social commerce

TechCrunch

On a return trip to Southeast Asia (McIntosh was born and raised in Indonesia), she observed the rise of social commerce, or people selling through social media like Instagram and WhatsApp, and was surprised to see it was similar to all the manual work she had put into her online bakery years earlier.

Social 93
article thumbnail

inFeedo gets $12M to help employers find out how their workforce really feels

TechCrunch

Employee sentiment can be hard to gauge, even at smaller businesses. In total, Amber is used by 30,000 employees in Singapore, Malaysia, Indonesia and the Philippines. This can lead to burnout and attrition, when managers least expect it. Amber, inFeedo’s chatbot. Tiket.com, Mediacom, Sunlife, BukuWarung and Aboitiz.