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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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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 supply chain startup Advotics raises $2.75M led by East Ventures

TechCrunch

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

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

TechCrunch

Evermos’ founding team (l to r): Arip Tirta, Ghufron Mustaqim, Iqbal Muslimin and Ilham Taufiq. The funding will be used on hiring, enhancing Evermos’ recommendation engine and other AI-based tech, and entering new regions in Indonesia. Image Credits: Evermos. Evermos handles inventory, logistics and customer support.

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Indonesian edtech CoLearn gets $10M Series A led by Alpha Wave Incubation and GSV Ventures

TechCrunch

A Zoom screenshot with CoLearn’s founding team: Marc Irawan, Abhay Saboo and Sandeep Devaram. 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. CoLearn screenshots.

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

TechCrunch

Started last year, IDEAL’s founding team includes Albert Surjaudaja, Ian Daniel Santoso and Indira Nur Shadrina, with Jeganathan Sethu joining this year. Surjaudaja told TechCrunch that IDEAL was started “with the thinking that consumer lending in Indonesia is broken.”. It acts as a multiplier effect in generating value,” he added.

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Miferia wants to expand its wholesale inventory marketplace across Latin America

TechCrunch

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. Musa has spent several months putting together a team, building a minimum viable product and working with customers.

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