Indonesia

Monk’s Hill Ventures and Glints on how Southeast Asian startups can cope with the region’s talent crunch

A lot has changed since Monk’s Hill Ventures released its first report on tech compensation in Southeast Asia five years ago, with base salaries and competition for top talent jumping dramatically.

Google starts trialing its FLoC cookie alternative in Chrome

Google today announced that it is rolling out Federated Learning of Cohorts (FLoC), a crucial part of its Privacy Sandbox project for Chrome, as a developer origin trial. FLoC is meant to be an altern

Ajaib raises $65M Series A extension led by Ribbit Capital, increasing the round’s total to $90M

Ajaib, the Indonesian investment app, has added $65 million to its Series A, bringing the round’s new total to $90 million. The extension was led by Ribbit Capital, the fintech investor that also le

Indonesian social commerce app KitaBeli gets $10M led by Go Ventures

KitaBeli, an Indonesian social commerce app for group buying, announced today it has raised a $10 million Series A. The round was led by Go Ventures, whose cornerstone investor is Gojek, with particip

Jeff raises $1M to build alternative credit scoring and other fintech products for Southeast Asia

According to the World Bank, more than one billion people in South and East Asia lack access to a bank account. For many, this makes it difficult to secure loans and other services because they don’

Indonesian savings and investment app Pluang gets $20M in pre-Series B funding

Indonesia-based fintech Pluang announced today it has raised $20 million in a pre-Series B round led by Openspace Ventures, with participation from Go Ventures and other returning investors. The compa

Financial API provider Brick is building the infrastructure for open banking in Southeast Asia

The adoption of financial apps is surging in Southeast Asian markets like Indonesia, the region’s most populous country. Founded by fintech veterans last year, Brick develops APIs that make it easie

Former head of the World Resources Institute has a new role leading Bezos’ $10 billion Earth Fund

The $10 billion Bezos Earth Fund has a new chief executive and it’s Andrew Steer, the former head of the World Resources Institute — an organization that Bezos described as “working

Indonesian logistics startup SiCepat raises $170 million Series B

SiCepat, an end-to-end logistics startup in Indonesia, announced today it has raised a $170 million Series B funding round. Founded in 2014 to provide last-mile deliveries for small merchants, the com

Payfazz invests $30M in Xfers as the two Southeast Asian fintechs form Fazz Financial Group

Payfazz and Xfers, two startups that want to increase financial inclusion in Southeast Asia, announced today they have joined forces to create a new holding entity called Fazz Financial Group. As part

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

The rapid growth of e-commerce in Indonesia, especially during the pandemic, is placing increasing demands on its supply chain infrastructure. But the country’s logistics industry is highly frag

Indonesian payments infra startup Xendit raises $64.6M in Accel-led Series B

Fueled by the COVID-19 pandemic, digital transformation is happening all over the world. And Southeast Asia is no exception. Indonesia’s Xendit, a startup focused on building digital payments infras

Singapore-based Raena gets $9M Series A for its pivot to skincare and beauty-focused social commerce

Raena was founded in 2019 to create personal care brands with top social media influencers. After several launches, however, the Singapore-based startup noticed an interesting trend: customers were or

ErudiFi raises $5 million Series A to give students in Southeast Asia more education financing options

ErudiFi wants to help more students in Southeast Asia stay in school by giving them affordable financing options. Headquartered in Singapore, with operations in Indonesia and the Philippines, the star

Indonesian investment platform FUNDtastic lands $7.7 million Series A

Despite the market impact of the COVID-19 pandemic, retail investing is increasing in Indonesia, especially among people aged 18 to 30. Today, investment platform FUNDtastic announced it has raised a

GajiGesa, a fintech startup serving underbanked Indonesian workers, raises $2.5 million seed round

GajiGesa, a fintech company that offers Earned Wage Access (EWA) and other services for workers in Indonesia, has raised $2.5 million in seed funding. The round was co-led by Defy.vc and Quest Venture

BukuWarung, a startup digitizing Indonesia’s SMEs, raises new funding from Rocketship.vc

BukuWarung, an Indonesian startup focused on digitizing the country’s 60 million small businesses, announced today it has raised new funding from Rocketship.vc and an Indonesian retail conglomer

Ula raises $20 million to expand its e-commerce marketplace in Indonesia

Tokopedia, Lazada, Shopee, and other firms created an e-commerce market in Indonesia in the past decade, making it possible for consumers to shop online in the island nation. But as is true in other A

CrediBook gets $1.5 million to help Indonesian retail wholesalers digitize their finances

CrediBook, a startup that helps Indonesian retail wholesalers digitize the financial side of their operations, has raised $1.5 million in pre-Series A funding led by Wavemaker Partners, with participa

App stores saw record 218 billion downloads in 2020, consumer spend of $143 billion

Mobile adoption continued to grow in 2020, in part due to the market forces of the COVID-19 pandemic. According to App Annie’s annual “State of Mobile” industry report, mobile app do
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