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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.
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
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. .
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). .
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.
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
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.
The Indonesia-based financial platform for SMEs announced today it has raised $108 million in Series C funding led by MDI Ventures. As many as 20% of businesses shifted their sales channels offline to online during the pandemic, and 89% of businesses now use online channels to sell their products and services,” he said.
The company now has 90 team members in seven offices across the Asia-Pacific: Singapore, Australia, India, China, Indonesia and Malaysia. After acquisitions, Una grows brands by adding new distribution channels or expanding them into new countries. E-commerce aggregator Rainforest raises $20M just months after its last funding.
The company helps farmers earn more for their crops by streamlining distribution channels so there are less middlemen between farms and the restaurants, grocery stores, vendors and other businesses that buy their products. Agritech startup TaniGroup raises $10M to help Indonesia’s farmers grow. Rakuten and Beyond Next invest $1.4M
The app also added additional payment channel integrations; Pintu Staking, which lets users stake their Pintu Token; and Pintu Earn, a product that enables them to earn an up to a 15% annual percentage yield (APY) on selected crypto assets which are paid hourly with no lock-up period.
It is currently focused on Indonesia, with a presence in 40 cities. Instead of ads, TipTip provides direct monetization channels through tipping and direct purchases, and takes a cut from every sale on its platform. TipTip currently has 2,500 content creators and over 30,000 users.
The startup says that in 2022, its platform channeled IDR 3.6 The company also announced it has appointed Dr. Peter Jacobs, a former executive director of Bank Indonesia, as its commissioner, and will continue to hire for senior positions. Open finance startup Ayoconnect’s APIs enable financial inclusion in Southeast Asia.
Brankas says it is seeing 30% month-on-month growth in API usage and is now used by more than 40 banks and 100 enterprise customers and channel partners. It also plans to add more capabilities to its payments, data and banking-as-a-service API product menu in Indonesia, the Philippines and Thailand.
The company, which was founded in 2013, also plans to strengthen its global operations across six countries — Thailand, Indonesia, Vietnam, Myanmar, Cambodia, and the Philippines. The e-wallet service also serves as a payment channel for B2B, ranging from big brands to local SME owners as well as street market entrepreneurs.
Una Brands has differentiated itself as an Asia-focused e-commerce aggregator capable of operating brands across all channels, such as Amazon, Shopify, Shopee, Lazada and Tokopedia, compared to some of its peers, which focus on brands that sell on Amazon. The startup said in September it had annualized revenue of more than $50 million.)
As part of the deal, Payfazz, an agent-based financial services network in Indonesia, invested $30 million into payments infrastructure provider Xfers. In Indonesia, Payfazz has built a network of 250,000 financial agents to reach people in rural areas where many banks don’t operate branches. ” Singapore-based Xfers Lands $2.5M
The 400-person organization claims that more than 235,000 pharmacy professionals and 45,000 pharmacies use the app in Southeast Asia, including Indonesia, Singapore, the Philippines, Vietnam, Malaysia, Thailand and Cambodia. ”
In the traditional retail channel, all inventory purchases have been done the same way for generations — through offline distributors and sales reps,” Musa told TechCrunch. This analog process requires a lot of manual labor and most often favors large distributors. Meanwhile, Miferia is still in its early stages.
In Indonesia, arisans are traditionally rotating savings and credit associations (RSCA) that let groups of people, primarily women, save and borrow money together. Mapan is currently available in Java, Bali, Sumatera, Nusa Tenggara and Sulawesi, with plans to expand into the rest of Indonesia.
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. million in orders across 150 brands in the Philippines, Malaysia, Indonesia, Singapore, Taiwan and Australia.
It operates in the United States, South Korea, Singapore, the Philippines and Indonesia. Summer International brands are sold through a mix of digital and offline channels, including e-commerce platforms, social and live commerce platforms and big box stores.
Most of its users are in Vietnam, but Edupia is also expanding into other Southeast Asian markets like Indonesia, Thailand and Myanmar, and adding more subjects, including math and coding. Before founding Edupia, Hung spent 10 years as director of digital services at Viettel, the largest telco in Vietnam.
million sari-sari stores in the Philippines, and they account for 60% of fast-moving consumer goods (FMCG) sold in the country, making them a valuable distribution channel for wholesalers. According to GrowSari, there are more than 1.1 BukuWarung, a fintech for Indonesian MSMEs, scores $60M Series A led by Valar and Goodwater.
WhatsApp has long transcended its roots as a simple messaging app for friends, and is now a core communication tool for businesses seeking a direct channel to their customers’ pockets — both literally, and metaphorically.
Users choose the delivery channels they want, such as bank to bank, wallet to wallet, bank to wallet and wallet to bank options to transfer funds as well as make merchant payments, with settlement done within 24 hours,” said CEO Eddie in a statement.
The high Internet growth countries are now India, Indonesia, Nigeria, Mexico, and Philippines. The nonprofit Khan Academy YouTube channel got 430 million plus views last year, a 69% increase from last year. Here's what I found: Internet growth: 2.6 Global Internet adoption growth is actually slowing compared to previous years.
Jacky Lai, CEO of Peeba, who has worked in tech and supply chain management for over a decade, told TechCrunch he has heard from brands that they struggle to find new sales channels and partners, especially in Asia.
How it adds value is by doing things that are difficult for small brands to execute, especially those run by just one or two people, like expanding into more distribution channels and countries.
About a decade ago, Donghwan Kim helped his cousin, a ceramist, look for sales channels, like flea markets, to sell his ceramics. But they had a hard time locating a suitable platform, so after about a year, Kim decided to create a marketplace for handmade goods himself in South Korea called Backpackr.
In November 2022, the Chinese fintech giant further strengthened these efforts with the launch of its Alipay+ D-store solution, enabling SMEs to build their all-in-one store across platforms and connect with different payment channels in just a few minutes using a suite of toolkits. Still, the demand is booming.
Latest global social, digital, mobile data for ya : his report presents all the key statistics, data and behavioural indicators for social, digital and mobile channels around the world.
Jason Brown: We are always looking for opportunities to partner with new entrants that have a differentiated and cost-effective customer acquisition channel, either through partnerships or product innovation. Tabby is a great example in MENA, Akulaku in Indonesia, and so is Paidy in Japan.
FLIK works with e-commerce sites built with platforms like WooCommerce and Magento, plus social media channels like Instagram shops and chat applications. It can also be embedded into blog articles to turn them into mini e-commerce sites.
I certainly get inspired by getting to touch and be a part of some of the vast wilderness left on the planet, so the job has allowed me the privilege, which not everyone has, of going to Indonesia, and going to the Amazon in Brazil, and certainly that is fuel that will fill my engine for a very long time. Thanks for listening.
H2O Hospitality will expand its business further by adding various types of accommodations in South Korea and Japan in 2021 and 2022 and plans to enter Singapore and Indonesia in 4Q in 2022 in line with its Southeast Asia penetration strategy, according to H2O Hospitality co-founder and CEO John Lee.
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