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U.S. companies support COVID-19 relief in Indonesia, Southeast Asia

Candid

The Global Task Force on Pandemic Response — a public-private partnership of major U.S. Chamber of Commerce with support from Business Roundtable — has announced commitments in support of COVID-19 pandemic relief and response efforts in Indonesia and Southeast Asia. The situation on the ground in Indonesia is dire.

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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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Indonesia-focused Intudo Ventures closes $115M third fund

TechCrunch

Intudo Ventures , the “Indonesia-only” investment firm, announced today it has closed its third fund, totaling $115 million. Other LPs include more than 30 Indonesian families and their conglomerates; over 20 leading global funds and managing partners; and more than 10 founders of tech unicorns.

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Indonesia “sea-to-table” platform Aruna hooks $35M led by Prosus and East Ventures Growth Fund

TechCrunch

Indonesia is one of the world’s largest fisheries producers, but the industry is very fragmented. These include preventing overfishing, protecting coastal ecosystems and giving small-scale fisheries access to more resources and markets. According to the World Bank , Indonesia is the world’s second largest fisheries producer.

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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. 5 ways AI can help mitigate the global shipping crisis.

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

TechCrunch

The round was led by Tiger Global Management, with participation from returning investors Accel, Amasia and Goat Capital, the venture firm co-founded by former Y Combinator partner Justin Kan (in 2015, Xendit became the first Indonesian startup to participate in the accelerator program).

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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. Fuse claims it currently has more than 60,000 marketers or agent partners using the Fuse Pro mobile app.

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