Indonesia’s fintech company Komunal raises US$ 2.1 million of series A funding led by East Ventures, further promoting the country’s financial inclusion
Komunal, Indonesia’s first fintech company to offer Neo-rural bank services locally, announced earlier today that it has secured US$ 2.1 million (approximately IDR 30 billion) in the Series A funding round. The investment is led by East Ventures with participation from Skystar Capital. Both investors also backed Komunal in the seed funding round. The fresh capital will accelerate Komunal’s mission to boost financial inclusion in Indonesia by enhancing its latest product DepositoBPR.
‘A solid and integrated digital ecosystem is what jumpstarts Indonesia’s digital economy’: Willson Cuaca
Here is one riveting fact about our treasured country, Indonesia: it is the world’s largest archipelago consisting of 17,508 islands. Out of 600 million of Southeast Asia’s population, 270 million inhabit Indonesia. What is more, US$ 1.1 trillion out of US$ 2.1 trillion of Southeast Asia’s economy is located in Indonesia. That being said, Indonesia is the largest and most homogeneous market in the subregion with profuse economic potentials. The abundant islands dotting the country also signify the many inefficiencies to address and overcome. The vast market with overflowing problems that entail was the reason why East Ventures came to life. As long as problems are consistently lurking around us, it is imperative that we bring solutions and innovations to the table.
Asumsi announced US$ 700,000 of funding from East Ventures
Asumsi, a multi-platform digital media company, announced earlier today that it has secured US$ 700,000 (approximately IDR 9.9 billion) of funding from East Ventures. The investment aims to further expand Asumsi’s media operation and escalate the engineering team to create a more interactive platform.
McEasy, smart logistics tracking and management startup, secured US$1.5 million of seed funding from East Ventures
a startup providing SaaS (Software-as-a-Service) digital solutions for logistics vehicle management and tracking, announced an US$1.5 million (approximately IDR 22 billion) seed funding round from East Ventures earlier today.
SIRCLO announces US$36 million funding led by East Ventures and Saratoga
E-commerce company SIRCLO today announces its funding round worth US$36 million (approximately IDR 515 billion), which was led by East Ventures (Growth Fund) and PT Saratoga Investama Sedaya Tbk. (Saratoga), with participation from Traveloka, Sinar Mas Land, as well as other investors.
Legit Group raises US$ 3 million in seed series funding amidst pandemic led by East Ventures
Ismaya-backed cloud kitchen company, Legit Group, has raised US$3 million (IDR 43 billion) of seed funding led by East Ventures with participation from AC Ventures.
Pasarnow, multi-channel e-groceries platform, raised USD 3.3 million seed funding led by East Ventures
Pasarnow, Indonesia-based multi-channel e-groceries platform, announced earlier today that it has secured a USD 3.3 million seed funding led by East Ventures.
Hacktiv8 minimizes talent gap through an ecosystem of mindful and empathetic developers
Hacktiv8 minimizes talent gap through an ecosystem of mindful and empathetic developers
Mindtera, a personal growth learning platform, raised seed funding led by East Ventures
A personal growth learning platform Mindtera raised seed funding led by East Ventures
Singapore-based dairy-alternative brand, mohjo, raises seed funding from East Ventures
Singapore-based dairy-alternative brand, mohjo, raises seed funding led by East Ventures
Aruna promotes fishermen’s welfare through a sustainable and fair ecosystem
Aruna promotes fishermen’s welfare through a sustainable and fair ecosystem
Aruna secures series A funding of US$ 35 million led by Prosus Ventures and East Ventures
Indonesia’s fisheries platform, Aruna, secures series A funding of US$ 35 million led by Prosus Ventures and East Ventures, leading the path for long-term sustainable fishing practices in coastal communities.
Desty, Indonesia’s e-commerce solution platform, announced $3.2 million pre-series A funding
Desty, Indonesia’s E-Commerce Solution Platform, Announced $3.2 Million Pre-Series A Funding
Indonesia PASTI BISA Safeguards Oxygen raises over US$ 1 million to donate 1,450 oxygen concentrators for COVID-19 patients
Indonesia PASTI BISA Safeguards Oxygen raises over US$ 1 million to donate 1,450 oxygen concentrators, providing further support for Indonesia’s Ministry of Health in COVID-19 battle
Indonesia PASTI BISA Safeguards Oxygen raised over US$ 1 million, exceeding the target within 10 days
Indonesia PASTI BISA Safeguards Oxygen raised over US$ 1 million, exceeding the target within 10 days
Indonesia PASTI BISA Safeguards Oxygen distributes 200 out of 1,000 oxygen concentrators to 33 hospitals
Indonesia PASTI BISA Safeguards Oxygen distributes 200 out of 1,000 oxygen concentrators to 33 hospitals
East Ventures is raising US$ 1 million to provide 1,000 Oxygen Concentrators to Indonesia’s hospitals
East Ventures, a venture capital firm in Indonesia, collaborates with local and overseas stakeholders is raising US$ 1 million to purchase at least 1,000 oxygen concentrators through a collaborative movement, named Indonesia PASTI BISA (IDPB) Safeguards Oxygen.
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.
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 [...]
‘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, [...]