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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 will use its new funding on expanding in Indonesia, and exploring new markets like Vietnam and the Philippines in partnership with Unilever. As a result, Fairbanc decided to pilot with Unilever in Indonesia instead.

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Indonesia-based grocery app HappyFresh reaps $65M led by Naver Financial and Gafina

TechCrunch

HappyFresh , the on-demand grocery app based in Indonesia, announced today it has raised a $65 million Series D. with participation from STIC, LB and Mirae Asset Indonesia and Singapore. It expanded into five markets before shutting down its operations in Taiwan and the Philippines in 2016.

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Indonesian investment platform Ajaib gets $25 million Series A led by Horizons Venture and Alpha JWC

TechCrunch

Ajaib Group , an online investment platform that says it now runs the fifth-largest stock brokerage in Indonesia by number of trades, announced it has raised a $25 million Series A led by Horizons Ventures, the venture capital firm founded by Li Ka-Shing, and Alpha JWC.

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Southeast Asian credit fintech Kredivo scores $270M Series D

TechCrunch

Kredivo Holdings , which offers credit services to underbanked consumers in Indonesia and Vietnam, has raised $270 million in what it says was an oversubscribed Series D. He added that Kredivo now drives 3% to 4% of total GMV for its top e-commerce merchants in Indonesia, compared to 15% to 20% from credit cards.

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Indonesian halal-focused social commerce startup Evermos lands $30M Series B

TechCrunch

The funding will be used on hiring, enhancing Evermos’ recommendation engine and other AI-based tech, and entering new regions in Indonesia. Its goal is to reach more than one million resellers throughout Indonesia over the next five years. For example, it has to be halal, if it’s fashion it has be modest fashion.”.

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BukuWarung, a fintech for Indonesian MSMEs, scores $60M Series A led by Valar and Goodwater

TechCrunch

BukuWarung , a fintech focused on Indonesia’s micro, small and medium enterprises (MSMEs), announced today it has raised a $60 million Series A. The oversubscribed round was led by Valar Ventures, marking the firm’s first investment in Indonesia, and Goodwater Capital.

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Indonesia’s IDEAL takes the pain out of applying for mortgages

TechCrunch

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