Super Bank Indonesia, a Grab-backed digital lender, rose by 24% during its stock market debut in Jakarta, after the company raised ~$168M in its IPO
Ismi Damayanti / Nikkei Asia :
Apple Q2 revenue: iPhone down 10% YoY to $45.96B, Mac up 4% to $7.45B, iPad down 17% to $5.56B, and Wearables, Home, and Accessories down 10% to $7.91B
Apple CEO Tim Cook waves to journalists after his meeting with Indonesian President Joko Widodo at the Presidential Palace in Jakarta, Indonesia, April 17, 2024.
Jakarta-based online personal insurance marketplace Qoala raised a $47M Series C co-led by PayPal Ventures and MassMutual Ventures, for $130M+ in total funding
Thrilled to announce that Qoala has secured Series C funding! …
Nasdaq-listed Grab and Jakarta-listed GoTo, whose stocks are 60%+ below their IPO prices, pare back “superapp” push by cutting jobs and marginal business units
Mercedes Ruehl / Financial Times :
Jakarta-based Praktis, which sells end-to-end supply chain software to direct-to-consumer brands and suppliers, raised a $20M Series A led by East Ventures
Catherine Shu / TechCrunch :
Jakarta-based Praktis, which provides end-to-end supply chain software for D2C brands, raised a $20M Series A led by East Ventures
Small to medium-sized enterprises contribute 60% of Indonesia's gross domestic product. But companies in the D2C space still struggle to compete against bigger brands.
How Indonesia's QR payment system, used by 22M+ merchants and set to double to 45M in 2023, helps the country bring its small businesses into the formal economy
From food carts lining Jakarta's raucous streets to wet markets in Indonesia's most remote villages, one type of barcode is becoming ubiquitous.
Jakarta-based Kredivo, formerly FinAccel, whose services include BNPL, personal loans, credit cards, and neobanking, raised a $270M Series D led by Mizuho Bank
Catherine Shu / TechCrunch :
Jakarta-based Akulaku, a digital banking startup that offers a virtual credit card, neobank, and more, raised $200M from Japan's Mitsubishi UFJ Financial Group
Catherine Shu / TechCrunch :
Jakarta-based Privy, which offers digital signature and identity verification services, raised a $48M Series C led by KKR, bringing its total funding to $71.6M
Mars W. Mosqueda Jr / DealStreetAsia :