Super financial app KoinWorks provides financial inclusion to SMEs amidst pandemic

The master work of two Fintech virtuosos, Benedicto Haryono and Willy Arifin, KoinWorks was established with two goals in mind. The first objective is to help individuals and businesses actualize their financial goals, and the second one is to bring forth an application that caters to various financial needs and most importantly, is convenient to use.

Fairbanc secures funding from East Ventures, ADB, Accion Venture lab, and Sampoerna to provide embedded credit products to Indonesia’s micro merchants

Fairbanc announced it has raised an undisclosed seven figures investment in a pre-Series A round from ADB Ventures, the Asian Development Bank’s venture arm, Accion Venture Lab, East Ventures, Indonesian billionaire Michael Sampoerna, and others.

1 July 2021|Tags: , , , |

Finantier Raises 7-figure Seed Funding Led by East Ventures and Global Founders Capital, Planning to Strengthen Presence in Indonesia and SEA

Finantier, a Southeast Asian Open Finance startup providing an (Application Programming Interface) API platform for financial institutions to access and analyse consumer financial data, has raised a 7-figure seed funding round led by Global Founders Capital (GFC) and East Ventures (EV).

17 June 2021|Tags: , , |

Stockbit helps increase financial literacy and financial access inclusion through technology

Stockbit helps increase financial literacy and financial access inclusion through technology June 3, 2021 As an investment platform in Indonesia, Stockbit has a dual mandate: to increase the country’s financial literacy rate as well as financial access inclusion in order to amass more retail investors. According to East Ventures Digital Competitiveness Index 2021, the pandemic has provided momentum for fintech players to foster a batch of first-time investors through technology. Only two out of five Indonesians have adequate financial literacy, according to a 2019 survey by the Financial Services Authority (OJK). The survey, which involved [...]

‘Impact investing is here to stay’: Melisa Irene

‘Impact investing is here to stay’: Melisa Irene May 24, 2021 Impact investing breaks the misconceptions that profits and social impacts cannot go hand in hand. As the most active venture capital firm in Indonesia, East Ventures believes that investing in the right companies matters, not only in terms of profit, but also in regards to the social impact. When it comes to investing in Indonesia, economic and social impacts are two sides of the same coin. As a developing country, Indonesia is full of potential: among its huge youth population, there are millions of [...]

24 May 2021|Tags: , , , , |