ARIA will also allocate the funding to continue helping the farmers to build a mechanized agricultural system within drone culture with specific targets for Indonesian farmers, ensuring the right development of product design, IoT development, and drone systems for better agriculture progress in Indonesia.
July 2022 | August 2022 | September 2022
Asia’s tech newsletter, weekly on Substack
in September 2022
Deloitte: Digital Governance in Asia-Pacific (pdf)
- Indonesia: ARIA secures $5M with drone-based agriculture services ecoysystem, delivering product design, IoT development, asset management systems and more for farmers
- Indonesia: SkorLife raises $2.2M pre-seed with application for users to access and monitor credit scores, credit reports and other relevant data from credit bureaus
- Indonesia: UENA backed with 1-stop online food service, taking and processing orders from end-to-end including delivery, with kitchens covering a hyperlocal area to optimise delivery cost and time
- Indonesia: Gov’t announces that remote workers to be allowed to work online up to 6 months, with a longer-term digital nomad visa of potentially up to 5 years under discussion
- Indonesia: SerMorpheus raises $2.5M with Web3 enablement platform, onboarding and aiding brands and creators to develop NFTs, and manage engagement with customers and communities
- Malaysia’s AirAsia to expand beyond low-cost carrier business with ride-hailing app launch in Bali, testing the market for uptake
- Hong Kong’s WeLab fintech platform and Indonesia’s PT Astra conglomerate complete acquisition of PT Bank Jasa Jakarta, with plans to launch Indonesia-focused digital banking services
- Indonesia’s HappyFresh grocery delivery startup closes operations in Malaysia and Thailand, shrinking back to focus on its main Indonesian market
Deloitte: Accelerating digital payments landscape in Indonesia (pdf)
in August 2022
Social Commerce in Indonesia 2022 (pdf) / AC Ventures
- Indonesia: Gov’t launches blocks on tech firms including PayPal over failure to register and submit to regulations allowing gov’t to force removal of online content
- Indonesia: Cooperatives & Small and Medium Enterprises Ministry launches Business Incubation Bootcamp in 7 regions, aiming to help create 100 sustainable startups
- Indonesia’s Private Electronic System Operators license: “Most worryingly, MR5 includes a provision allowing the government to demand access to electronic data without needing a court order.”
- Indonesia: DANA digital wallet raised $250M from Sinar Mas conglomerate and Alibaba-owned Lazada, aiming to offer lending, wealth mgmt and insurance to over 115M registered users
- Indonesia: Duckie Land takes win at Alibaba x KrASIA Demo Day with blockchain-based, cross-platform multiplayer online game allowing players to earn, collect and own in-game assets
- Bank Indonesia and Bank of Thailand announce implementation phase of cross-border QR payments, bringing 76 payment system providers from both countries into the project
- Indonesia: GoTo Gojek Tokopedia – GOTO – the country’s largest tech firm, enters cryptocurrency space with purchase of Kripto Maksima Koin crypto exchange
GSMA: Digital Societies in Asia-Pacific – progressing towards digital nations
in July 2022
- Bank Indonesia, the country’s central bank, announces plans for digital currency for wholesale use, looking at more efficiency in money transfers, and at cross-border transactions
- Indonesia: Juragan Material raises $4M in seed funding with B2B construction-focused marketplace, already boasting more than 9000 SKUs and over 180 brands
- Indonesia: Pina personal finance app raises $3M seed funding, in part from Y Combinator, allowing users to monitor assets and invest in stock or mutual fund products
- Indonesia: Kini on-demand payroll provider raised $4.3M seed funding with earned wage access, bill-paying services, micro insurance and more in the pipeline
- Indonesia’s Doku payment platform expand to Malaysia with $7.5M acquisition of senangPay online payments firm, gaining senangPay’s 15000-strong merchant network
- Indonesia: TipTip content creator platform launches, looking at solutions to gaps such as lack of monetisation opportunities, limited local payment and KYC integration
- Indonesia’s Indika energy major reportedly mulling $2B electric vehicles venture in partnership with Taiwan’s Foxconn, building on battery manufacturing project
- Singapore’s Indonesia-focused Fairbanc raises $4.8M pre-A, enabling small businesses access to short-term credit to purchase fast-moving consumer goods inventory
- Singapore’s Carousell acquire Indonesia’s Laku6, an AI-driven electronics recommerce platform, seeing SEA-wide potential in the second-hand electronics space
- SNA round-up: Twitter vs the Indian government; earned-wage-access fintech in Indonesia; China’s Weibo boosts CCP censorship efforts; Taiwan’s EVs in Thailand; Australia’s Intersekt fintech conference; agri-tech in Cambodia…
- Indonesia: Big tech folds to regulations permitting gov’t to demand user data, removal of content that ‘disturbs public order’ in four hours, and more
The Indo-Pacific Strategy of the United States
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