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Fairbanc provides BNPL for micro-merchants in Indonesia

TechCrunch

One example is Fairbanc , which is based in Singapore but focused on Indonesia. Fairbanc also received previous investment from East Ventures, 500 Global and Michael Smapoerna. Fairbanc will use its new funding on expanding in Indonesia, and exploring new markets like Vietnam and the Philippines in partnership with Unilever.

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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 pandemic accelerated the digital transformation in the insurance industry, one of the most conservative sectors.

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Indonesian fintech Xendit is now a unicorn, with $150M in fresh funding led by Tiger Global

TechCrunch

Jakarta-based Xendit , best known for its digital payment infrastructure but also focused on other financial products, announced today it has raised $150 million in Series C funding, bumping its valuation to $1 billion. There’s a new entrant in Southeast Asia’s growing list of unicorns. One big segment are SMEs.

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SerMorpheus wants to make NFTs an everyday sight in Indonesia

TechCrunch

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

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Vara raises $4.8M from investors like Go Ventures and Sequoia India’s Surge to digitize Indonesian SMEs’ payrolls

TechCrunch

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. BukuKas and BukuWarung , for example, both recently raised large rounds to fuel their race to digitize SMEs’ operations. Staff management platform Vara’s team.

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Southeast Asian startups to watch in 2022

TechCrunch

This was the year that global investors not only started to pay close attention to the region’s tech ecosystems, but also began putting real money into them. As a global financial center, one could argue that Singapore’s startup ecosystem is in a category of its own when compared to its neighbors. million people.

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H2O Hospitality secures $30M Series C to expedite hotel digital transformation

TechCrunch

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. There are currently about 16.4