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.
East Ventures welcomes Italo Gani as its new Venture Partner to accelerate digital ecosystem growth
East Ventures, a pioneering sector-agnostic venture capital firm that has supported over 190 companies in Southeast Asia, is pleased to announce Italo Gani as a Venture Partner at the firm.
Waresix on connecting Indonesia’s fragmented logistics under a supply-and-demand aggregation platform
Inspired by the year he spent working in China during the e-commerce boom, Andree Susanto went back home and partnered up with Edwin Wibowo to create Waresix, a logistics tech startup.
Justika Raises Seed Funding from East Ventures, Expanding Public Access to Legal Services in Indonesia
Justika, a legal services marketplace based in Indonesia, announced earlier today that it has secured an undisclosed amount of seed funding. The funding round is led by East Ventures, with participation from Skystar Capital.
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).
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 [...]
Transfez Raises Seed Funding from East Ventures and BEENEXT, Facilitating Convenient International Money Transfer
Transfez Raises Seed Funding from East Ventures and BEENEXT, Facilitating Convenient International Money Transfer May 19, 2021 Transfez, Indonesia-based fintech company, announced earlier today that it has secured an undisclosed amount in a seed round co-led by East Ventures and BEENEXT. The investment will accelerate Transfez’s mission to provide a seamless cross-border financial service. The fresh capital will be used for product development and market penetration. Currently, Transfez works in the B2C segment, offering money transfer service to 26 currencies in more than 50 countries. It is also looking to extend its service in the [...]