News2021-03-22T10:00:22+07:00

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East Ventures News

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.

September 22nd, 2021|East Ventures, Komunal|

‘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.

September 21st, 2021|East Ventures|

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.

July 6th, 2021|East Ventures, KoinWorks|

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).

June 17th, 2021|East Ventures, Finantier|