Proptech platform, Tanaku raises US$ 5.5m pre-seed funding led by East Ventures to radically transform home ownership in Indonesia
Tanaku, an Indonesia based proptech startup, raised US$ 5.5m of pre-seed funding led by East Ventures. The round included equity and debt capital from an International Bank. The fresh capital will accelerate Tanaku’s mission to make home ownership accessible and radically transform the home buying experience, with the current focus on building the product, expanding the team, acquiring homes, and executing the go-to -market strategy.
Earned Wage Access as the financial solution for employees and companies
The fintech sector has grown exponentially in Indonesia as it could fill the financial gap for millions of people. However, other issues appeared as some people were trapped by illegal fintech lending and lack of financial literacy, making it difficult to manage their wealth and cash flow.
Recession run: East Ventures’ bets during a downturn
The funding winter is here. News of layoffs and troubles in startups have been cropping up. In this Q&A series, we talk to Southeast Asia’s investors to suss out what opportunities they see, their thinking, and areas of investment they are looking at in the next few months.
AMODA, a property and construction startup, raised pre-seed funding led by East Ventures
AMODA, a property and construction startup in Indonesia, has secured an undisclosed amount of pre-seed funding from East Ventures, the leading sector-agnostic venture capital firm in Indonesia and Southeast Asia.
Kini, an Indonesian on-demand payroll provider, raised US$ 4.3 million in seed funding led by East Ventures
Kini, an Indonesian on-demand payroll provider, raised US$ 4.3 million of seed funding led by East Ventures, with participation from other investors. Kini will allocate the fresh funds to continue building out its HR-Fintech product suite, and invest in expanding enterprise partnerships and HR tech providers to power their HR-fintech solutions through a single API.
Several things Indonesian startups shall do when finding digital human resources
Digital skills are essential for companies in the employee selection process in various professions nowadays. Finding employees with good digital skills and providing higher remuneration than other professions are several forms of companies prioritizing tech investment.
RPG Commerce raises US$ 29 million in series B funding round led by East Ventures
RPG Commerce, Southeast Asia’s leading Direct-To-Consumer (DTC) social e-commerce company, has secured US$ 29 million in a Series B funding round led by East Ventures, UOB Venture Management, Vertex Ventures SE Asia & India (VVSEAI), and RHL Ventures.
How Xendit simplifies the financial access for companies and customers
Since Moses Lo was a child, he has been fascinated by technology and finance. He learned about fractional reserve banking when he was 12 years old and fascinated by the workings of a system responsible for printing money. His family purchased his first computer around the same time, and the first thing Moses did was dismantle it.