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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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Jakarta-based cloud kitchen startup Legit Group gets Series A to take over the rest of Indonesia

TechCrunch

Legit Group, a cloud kitchen brand operator based in Jakarta, has its eyes on the rest of Indonesia after raising a $13.7 The round was led by MDI Ventures, the venture capital arm of PT Telcom Indonesia Tbk, the largest telecom conglomerate in Indonesia. Other cloud kitchen startups in Indonesia include Yummy and Hangry.

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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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Waste4Change is building a circular economy in Indonesia

TechCrunch

Even the largest landfills in Indonesia are at (or nearing) capacity , and the government has set an ambitious target of 30% waste reduction by 2025. Waste4Change’s team. To use Waste4Change, customers can ask for a pick-up team to collect their pre-sorted trash or drop it off themselves.

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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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Una Brands teams up with KlickBrands to enter South Korea’s e-commerce market 

TechCrunch

Una, one of the largest e-commerce aggregators in Asia, has already established its presence across Asia, including Singapore, Australia, India, China, Indonesia, Malaysia and Taiwan, since its launch in 2021. . The e-commerce market of South Korea is expected to increase up to $250 billion by 2025.

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SerMorpheus wants to make NFTs an everyday sight in Indonesia

TechCrunch

More than half of the population in Southeast Asia is under 30 , making it a coveted market for novel technologies. Indonesia is “catching up” on web3 because its huge talent pool still rests in the Web 2.0 “With so much money coming into crypto, why isn’t much [web3] creativity coming out of Indonesia?”