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Indonesia-based Rey Assurance launches its holistic approach to insurance with $1M in funding

TechCrunch

Rey was founded this year by Evan Tanotogono, former head of digital channel at Sequis, one of Indonesia largest insurers, and Bobby Siagian, who held lead engineering roles at companies including Tokopedia and Sea Group. They created Rey to address the low penetration of life and health insurance in Indonesia.

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RaRa Delivery gets $3.25M for its ambitious on-demand delivery plans in Indonesia

TechCrunch

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

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Indonesian insurtech startup Fuse gets $25M Series B extension to expand further in Southeast Asia

TechCrunch

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 company said it has the largest GWP in Indonesia and Southeast Asia. .

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PasarPolis is now one of Indonesia’s first full-stack insurtechs

TechCrunch

This means PasarPolis will be able to offer new products and work with partners like Tokopedia, Gojek, Traveloka, Xiaomi and IKEA Indonesia to create custom insurance policies. . Tap Insurance received a full license for insurance underwriting from OJK (Otoritas Jasa Keuangan, or the Financial Services Authority of Indonesia). .

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Bangkok-based insurtech Sunday banks $45M Series B from investors like Tencent

TechCrunch

The new funding will be used to expand in Indonesia and develop new distribution channels, including insurance agents and SMEs. Insurance penetration is still relatively low in many Southeast Asian markets , including Indonesia, but the industry is gaining traction thanks to increasing consumer awareness.

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Hangry, an Indonesian cloud kitchen startup with plans to become a global F&B company, closes $13M Series A

TechCrunch

It will be used to increase the number of Hangry’s outlets in Indonesia, including launching its first dine-in restaurants, over the next two years before it enters other countries. We knew that we will one day have to serve customers in all channels, including dine in,” said Viktor. “We

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Financial comparison “super app” Jeff raises $1.5M seed extension

TechCrunch

For service providers, Jeff serves as a distribution channel, helping them find and retain customers. Founded in 2019, the startup is operational in Vietnam and has applied for a license to launch in Indonesia. The startup announced today it has raised a seed extension of $1.5 million, led by J12 Ventures.