Called Celangan, the feature offers an interest rate of 10% per annum at launch.
https://www.techinasia.com/grab-backed-superbank-introduces-auto-savings-product-in-indonesia
The edtech company's status in Indonesia is unclear, though it had abruptly suspended operations both there and in the Philippines last year.
https://www.techinasia.com/refocus-sued-for-over-1-6m-by-ex-students-in-indonesia
In The Top Up this week, we map out Indonesia’s key fintech players and look at plans to expand cross-border payment linkages within ASEAN.
https://www.techinasia.com/funding-falls-indonesian-fintech-players-stand
Between 2021 and 2023, the payments, lending, brokerage, and insurtech segments attracted the most money for the country’s fintech industry.
https://www.techinasia.com/visual-story/mapping-indonesia-fintech-players-tech-winter
Founded in 2020, the biotech startup is developing next-generation sequencing for the diagnosis of cancer and other diseases.
https://www.techinasia.com/east-ventures-bets-indonesias-pathgen-improve-cancer-diagnoses
Which investors are writing the most checks to Indonesia-based startups?
https://www.techinasia.com/active-investors-indonesias-startups
Diagnos, which is listed on the IDX, is primarily owned by entities related to the Bunda chain of maternity hospitals.
https://www.techinasia.com/diagnos-acquires-dna-firm-asa-ren-with-24m-move
The company, which operates a fleet of fully-electric coffee carts in Jakarta, said it is profitable with over 13x growth in 2023.
https://www.techinasia.com/jago-secures-6m-expand-coffee-cart-spread-indonesia
The Apple Developer Academy in Bali would be the company's fourth in Indonesia, with the news coming amid CEO Cook's trip to Southeast Asia.
https://www.techinasia.com/apple-announces-indonesia-academy-tim-cook-meets-jokowi
The electronics recommerce platform said the decision was made for "long-term success and sustainability."
https://www.techinasia.com/carousells-laku6-lays-30-workforce-january
Here's our regularly updated list of the biggest startup exits in Indonesia.
While beauty commerce in Indonesia rode the ecommerce wave amid the pandemic, funding for the sector declined sharply in 2023
https://www.techinasia.com/visual-story/key-players-indonesias-beauty-commerce-space-update
Tech firms are dismissing staff to stay afloat as headwinds hit Asia. This layoff tracker is keeping tabs on marching orders.
In The Top Up this week, we look at KoinWorks’ latest financials and dive into Tokopedia’s tie-up with insurtech firm Igloo.
https://www.techinasia.com/koinworks-p2p-lending-unit-turns-profitable-group-revenue-jumps-71
With a huge market for motorbikes and governments keen to electrify transportation, the electric two-wheeler space is rife with opportunities.
https://www.techinasia.com/motorcyclemad-sea-slow-adopt-twowheel-evs
The Jakarta-based fintech firm says its P2P lending and KoinWorks Bank units hit profitability in January 2024 and for the full year 2023, respectively.
https://www.techinasia.com/koinworks-sees-revenue-surge-losses-widen-2022-targets-profitability-2024
The Alpha JWC Ventures-backed company offers a full-stack livestock management technology service in Indonesia.
https://www.techinasia.com/chicken-startup-pitik-lays-staff-reevaluates-business-operations
The US chipmaker is also pursuing projects in Singapore, Malaysia, and Vietnam, following record revenues on the back of generative AI demand.
https://www.techinasia.com/nvidia-co-invests-200m-in-indonesian-ai-center-amid-sea-push
The first quarter marked the first quarterly decline in total capital raised in the region since the Q1 2023.
https://www.techinasia.com/sea-tech-winter-continues-q1-funding-drops-89-yoy
Here are the companies in Indonesia that are attracting tons of investors and have the resources to spend on software, talent, and expansion.
https://www.techinasia.com/top-funded-startups-tech-companies-indonesia
Which startups are on the path to becoming the next big thing?
The firm said it has reached over 60 buyers globally and distributed over 60,000 kilograms of seafood to the US, a market it entered in 2023.
This marks one of the first steps in VinFast's plan to establish a strong presence across Indonesia's major cities by 2024.
https://www.techinasia.com/vinfast-sets-up-first-ev-dealership-in-indonesia
The Indonesian firm attributed the drop in net revenue to its strategy to optimize its TPV mix by focusing on more profitable product selections.
https://www.techinasia.com/blibli-cuts-losses-33-fy-2023-revenue-4
The Indonesian insurtech company noted triple-digit growth month over month in its agency revenue and insurance sales in 2023.
https://www.techinasia.com/pasarpolis-doubles-revenue-2-years-aims-profitability-future
The moves comes as OJK, Indonesia's financial services authority, prepares to take over crypto supervision from commodities body Bappebti in 2025.
In The Top Up this week, we look at the Indonesian insurtech firm’s recent series C round and the wave of credit coming into Asia.
https://www.techinasia.com/profit-problem-vcs-poured-us47-million-lossmaking-qoala
The investment, whose amount is undisclosed, comes a few months after the state-owned digital payments firm hit EBITDA profitability.
https://www.techinasia.com/linkaja-expand-payment-ecosystem-mitsui-backing
Despite generating US$280 million in gross written premiums since 2020, the Indonesia-based startup has yet to turn a profit.
https://www.techinasia.com/why-paypal-vc-arm-betting-qoala-insurtech-firm
Indonesian Minister Budi Arie Setiadi said there is a potential that Apple would build a factory in the country, Bisnis reported.
https://www.techinasia.com/apple-ceo-tim-cook-visit-indonesia-potential-investments
The ecommerce firm's adjusted EBITDA stood at negative US$2.9 million for Q4 2023, an 80% improvement from a year ago.
https://www.techinasia.com/bukalapak-posts-revenue-growth-2023-nearly-hits-ebitda-breakeven
These charts offer a snapshot of how Bukalapak is performing.
https://www.techinasia.com/visual-story/bukalapaks-financial-health-7-charts
The funds will be used to pay off some of Akulaku's current debts, according to Reuters.
https://www.techinasia.com/hsbc-injects-100m-debt-financing-akulaku-ceo
Indonesia has the highest CAGR for subscription-based VOD services among APAC countries, but local firms face stiff competition from global players.
https://www.techinasia.com/emtek-vidio-banks-local-content-win-indonesian-streaming-crown
With the DycodeX deal, eFishery plans to launch 10 new products - including a generative AI tool - over the next two to three years.
https://www.techinasia.com/aquaculture-startup-efishery-catches-indonesian-iot-big-fish
The Indonesian tech giant had finished a "transformative" 2023 with its first-ever positive adjusted EBITDA. Its share price remains down, however.
https://www.techinasia.com/goto-group-execution-mode-tiktoks-fintech-ecommerce-integrations