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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.
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.
The Indonesia-based financial platform for SMEs announced today it has raised $108 million in Series C funding led by MDI Ventures. Since then, it has also developed a comprehensive platform of financial tools to help its customers, including e-commerce vendors and social commerce sellers, increase their sales.
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.
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.”.
The rapid growth of e-commerce in Indonesia, especially during the pandemic, is placing increasing demands on its supply chain infrastructure. According to research institution Statistics Indonesia, there are about 5 million small and medium-sized manufacturers in Indonesia. Indonesia’s Kargo comes out of stealth with $7.6M
The platform is open-ended and is a little like a Quora for homework, in that people can find and answer questions they are interested in, as well as ask questions themselves. That platform, however, took on a whole new dimension of importance with the shift to virtual learning, Borkowski said.
TipTip wants to help them build up followers in their communities using an offline/online strategy, and monetize by selling content instead of relying on advertising algorithms. It is currently focused on Indonesia, with a presence in 40 cities. But many of them don’t have the social media clout to attract advertisers.
Indonesian startup CoLearn started as a chain of physical tutoring centers and was in the process of shifting to a hybrid offline-online model when the COVID-19 pandemic hit. This marks the first time both have made an investment in Indonesia. One of the Jakarta-based company’s goals is to improve educational standards in Indonesia.
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. Ascend Money provides a financial platform of opportunity for those financially excluded as well as SMEs around the region.
Based in Jakarta, IDEAL simplifies the process with a platform that lets users compare mortgage products and apply for them from multiple banks at the same time. Surjaudaja told TechCrunch that IDEAL was started “with the thinking that consumer lending in Indonesia is broken.”. IDEAL’s digital platform seeks to solve these challenges.
Taha Ahmed and Rooshan Aziz left their jobs in strategy consulting and investment banking in London earlier this year in order to found a mobile-only education platform startup, Maqsad , in Pakistan, with a goal “to make education more accessible to 100 million Pakistani students.” Maqsad announced today its $2.1
Today Carsome Group , one of the region’s largest online used car marketplaces, said it plans to acquire listings platform iCar Asia in a transaction worth more than $200 million. Carsome said its investment in PT Universal will allow it to double its automotive transaction volumes in Indonesia. Carsome has agreed to acquire 19.9%
Edupia , an online learning platform, is bridging that divide with its live classes and private tutoring. Tran Duc Hung, who founded the company in 2018 as an English self-learning platform, said Edupia is on track to exceed its $100 million revenue target in the next three years.
It is currently used by over 10,000 merchants in Singapore and Malaysia, with plans to expand into more Southeast Asian markets, including Thailand, Indonesia and the Philippines. As its team began to understand the needs of SMEs more, it started to develop the other tools on the platform.
During that month, the platform also recorded $17.4 of Indonesia’s $1.04 BukuKas was founded by chief executive officer Krishnan Menon and chief operating officer Lorenzo Peracchione, who met eight years ago while working at Lazada Indonesia. trillion GDP.
“The same kind of experience a customer has today on a marketplace like Lazada—the convenience, all digital, fast delivery—we saw was lacking in insurance, which is still operating with offline, face-to-face agents like 20 to 30 years ago,” he said. Fuse, meanwhile, insurance specialists an online platform to run their businesses.
The issue was quite common among used car dealers in Indonesia, according to Laras, and that was how he came up with the idea of Broom. The company recently soft-launched its first offline showroom where its dealer partners can showcase their inventory to more end customers. of new automotive sales in Southeast Asia. billion by 2027.
Working in this way, retailers often give up too much margin, on average 20% to 30%, including markups, which makes offline options prohibitive to everyone but the largest brands. In addition, shipping is expensive, so many retailers pick up their own inventory from the distributor. Meanwhile, Miferia is still in its early stages.
If you follow #beautytok, #beautytube or any beauty content on social media platforms, you know that popular product trends are hard to keep up with. It operates in the United States, South Korea, Singapore, the Philippines and Indonesia. The company launched in 2018 along with Gushcloud International, an influencer marketing firm.
BukuKas was founded by Menon and chief operating officer Lorenzo Peracchione, who met while working at Lazada Indonesia. Since its launch as as a digital bookkeeping app in December 2019, BukuKas has added new features, including online payments and an e-commerce platform. of Indonesia’s gross domestic product.
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. and a McKinsey consultant.
As part of the deal, Payfazz, an agent-based financial services network in Indonesia, invested $30 million into payments infrastructure provider Xfers. Fazz Financial Group also appointed as its chief financial officer Robert Polana, who previously held the same role at booking platform Tiket.com.
Indonesia is one of the fastest-growing consumer markets in the world, but consumer data is still hard to find for many businesses, especially smaller ones. But it’s something that’s not available in developing countries like Indonesia,” where many companies still conduct research offline despite its very high smartphone engagement rates.
“We are the second most visited shopping website in the entire country, with over two and a half million monthly active users coming on the platform, doing research using our product recommendation engine, and then getting to know about different products,” he said.
After graduating, McIntosh’s professional life became decidedly more high tech—she was senior product manager for data and machine learning platforms at Streetlight Data and then Lacuna Technologies. They need time to focus on their product and think about how they can have an offline stores or maybe how to do franchises,” said McIntosh.
Upmesh was created to automate the checkout process and ultimately wants to create a platform similar to Whatnot where people can discover new live commerce sellers across different social media platforms. Upmesh currently works with Facebook Live, but will add other platforms, too, with the goal of becoming platform-agnostic.
Yanolja said it has been using its most recent investment to invest in its global travel platform (GTP) and strengthen its automated solutions through artificial intelligence, with the aim of building tech to provide more personalized solutions for users. . Indonesia, the Philippines, India, and Africa as of September year on year. .
Many prefer to buy from large marketplaces, says FLIK co-founder Ahmad Gadi, because those platforms offer promotions and cashback deals. For brands, it means more control over consumer data and less platform fees. Gadi told TechCrunch that FLIK’s team is experienced in the payments and merchant business, both offline and online. “We
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. The startup intends to sell products made in South Korea overseas and bring handmade products made in Southeast Asia to South Korea via its platform.
The round also included participation from Wavemaker Partners and Ankur Nagpal, founder and chief executive officer of online course platform Teachable. Shikho launched about a year before the COVID-19 pandemic began, but that didn’t change its approach to product development because it was always meant to be an online learning platform. .
He also dealt with deliveries that could not be tracked and arrived late and offline payment and invoicing processes that were long and frustrating. Putra said it often took days for him to source a single item, including time spent checking with multiple vendors for pricing and availability.
It comprises multiple countries like Indonesia with 600 million people, Thailand, Malaysia, Singapore, and the Philippines, each with very different markets. We wanted to create a platform that could assess a cars condition and match it to demand across the entire country.
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