January, February & March 2021
Indonesia’s technology news
January 2021 | February 2021 | March 2021
IndonesiaN Startups: March 2021
- Indonesia: Amartha secures $50M from US-based Lendable to give women micro-entrepreneurs in emerging economies and rural areas access to financing
- Indonesia: Kopi Kenangan coffee chain launches Kenangan Fund, angel investment fund targeting early-stage Indonesian companies
- Indonesia: ALAMI Sharia-compliant P2P lending platform reportedly acquiring BPRS Cempaka Al-Amin rural bank
- Indonesia: Batumbu gains regulatory approval to operate as licensed digital financing platform, with MSME-focused lending in local supply chains
- Indonesia: KitaBeli secures $10M Series A funding with mobile-first social commerce platform
- Indonesia: An intro to Siklus, startup providing home-delivered refills for everyday household products in Jakarta
- Thailand’s Siam Commercial Bank and Indonesia’s Traveloka form JV to offer financial services and products to Thai customers
Indonesian startups: February 2021
- Indonesia: BukuWarung raises new funding to digitize Indonesia’s SMEs and mom-and-pop stores
- Indonesia: GajiGesa fintech startup raises $2.5M with focus on underbanked workers, addressing short-term liquidity challenges and cutting out money lenders
- Indonesia: PasarPolis insurance-tech firm gains $5M in equity finance from IFC, part of World Bank Group, to boost protection for Indonesians
- Indonesia: Green Butcher plant-based meat startup gains $2M with beefless products debuting at Starbucks Indonesia, and supply agreement with Burgreens vegan restaurants
- Indonesia: MemberID secures $1.1M Series A with marketing-tech focusing on loyalty services, and the launch of content creator-focused Travel Secrets platform
- Indonesia: FUNDtastic investment platform secures $7.7M Series A, aiming to add retail bonds, insurance and P2P lending to existing mutual funds and gold options
- Indonesia: RateS social commerce startup gains Series A funding with platform allowing individuals to start an online reselling business
- Indonesia’s Traveloka to launch ‘buy now, pay later’ financial services in Thailand and Vietnam
- Download: Indonesia Crypto Outlook Report 2020 (pdf)
- Indonesia: Warung Pintar retail tech firm acquires Bizzy Digital supply chain platform for $45M, enabling services to 230K retailers in 65 cities
- Indonesia’s Xendit partners Philippines’ BillEase for PayLater option allowing merchants to offer card-free instalments to cardless and unbanked shoppers
Indonesian Startups: January 2021
- Gojek ride-hail and digital payments firm and Tokopedia e-commerce leader in advanced talks around $18BN merger
- Zenius edtech startup gains funding with video-based lessons in critical thinking, and a recently-launched teacher-focused learning management system
- Ajaib online investment platform raises $25M Series A with focus on first-time investors and millenials
- Bukalapak online marketplace giant raises funding from Standard Chartered, in part aiming for digital banking services collaboration
- BukuKas fintech secures $10M Series A with focus on the digital and accounting needs of SMEs, with sights on launch of SME-focused digital bank
- Indonesia Stock Exchange launches new classifications, including technology-focused classification in bid to lure investors
- Ula raises $20M to expand e-commerce marketplace, aiming for a one-stop shop for sourcing and supply chains for small retailers
- China’s National Internet Information Office and Indonesia’s National Cyber and Cryptographic Bureau ink MoU on cybersecurity capacity building and technical cooperation
- An intro to the 13 initiatives that graduated from the Facebook Community Accelerator Asia Pacific Programme in December
- Singapore’s Sea tech giant acquires Indonesia’s Bank BKE to grow foothold in the region’s digital banking market
- A brief look at the recently-launched SEAF Women’s Economic Empowerment Fund, focusing investments primarily on Vietnam, Indonesia and the Philippines
Asia’s startup news, today
Ongoing, all-day news updates on the technology, VC and startup news coming out of South and Southeast Asia, Australia and New Zealand, delivered by mobile app and on social media.
