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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
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?
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.
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.
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.
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.
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.
“The stock market is expected to be tough for the time being, but the mobility industry will grow rapidly that we can’t miss this critical time; we will focus on accelerating mergers and acquisitions and investments in new businesses and technology.”. million users and 1.4 million monthly active users this year. million users and 1.4
Kredivo will use the debt facility to help achieve its goal of serving 10 million customers in Indonesia. Credit is one of the largest and most complex areas of the financial services ecosystem and the fact is that Indonesia is deeply underserved on that equation,” he said. million, and that number has not changed in 13 years.
Homebase , a Ho Chi Minh City-based proptech startup that helps people buy homes, announced today it has raised $30 million in equity and debt (the ratio was undisclosed). co, one of the largest property portals in Singapore and Indonesia. YC-backed Homebase is an alternative to traditional mortgages for home buyers in Vietnam.
That said, FairMoney also claims to have an NPL ratio lower than 10%. . But unlike Nigeria, India has better unit economics for the lending business and a more friendly regulatory environment. Annual percentage rates fall within 30% to 260% — the high APR, Hainy says, is due to higher default rates in Nigeria.
Una did not disclose the ratio of equity and debt in the round. We saw a big gap in the market where e-commerce is growing very quickly, but players in the West are not able to look at every platform, so that is why we decided to focus on APAC, launch the business there and acquire sellers who are selling on multiple platforms.”.
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