AC Ventures, Quona Capital, BRI Ventures, and Xendit participated in the round.
Indonesian MSME enabler Majoo raises $10m in Series A funding
India's Yulu Bikes in talks with Canada's Magna to raise funds for new battery entity
India, SE Asia are global bright spots for growth, says General Atlantic's Sandeep Naik
The LP View: PTT banks on its VC network for seamless due diligence
Bukalapak-backer Spiral Ventures targets to raise over $30m for fourth vehicle
JD-backed GigaCloud Technology trims US IPO target to $28m
Philippine e-commerce startup edamama pockets $20m Series A led by Alpha JWC
India, SE Asia are global bright spots for growth, says General Atlantic’s Sandeep Naik
Sinar Mas invests $250m in e-wallet startup DANA, Lazada finalises deal too
Gaw Capital eyes real estate venture opportunities in Southeast Asia
Policy & Regulations
The police has, in recent months, cracked down on scams involving online trading and investment platforms.
Q & A
Last Nov, Vidio bagged $150m in its first external funding from Affinity Equity Partners
The service is currently available in Greater Jakarta only.
Atome Financial comprises the BNPL platform Atome and digital lending platform Kredit Pintar.
DANA is valued at $1.35 billion, according to filings.
Bina Artha Ventura has provided credit to 442,000 clients in Java and Sulawesi Islands.
DANA plans to use the fresh funds to improve technology and add new financial products
Venturra Capital will invest in seed to Series A deals from the fund.
The other investors include CCV, MDI Ventures, SIG, Endeavour Catalyst, FJ Labs and PT Amsaka Investama Sejahtera