Cashlez

Mandiri Capital-backed Cashlez in talks to raise fresh $5m funding round

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The company is currently in discussions with a number of potential new backers – most of them non-VC investors – while existing backers are expected to top up in the upcoming round.

Qatar Investment Authority to invest $500m in Indonesia tourism

Under the MoU, QIA will invest the money in a series of ongoing projects within Indonesia’s top 10 priority destinations, more famously known as the “10 New Balis”.


IFC extending $100m debt to Indonesia’s SSIA for Subang industrial estate project

The debt capital will fund a new 2,000-hectare state-of-the-art industrial estate in Subang, West Java


Japan’s SBI Holdings eyes four more Indonesia investments by end of year

SBI will focus on Series A and B funding for fintech companies in Indonesia and may also look at AI and blockchain.


Indonesian lender BTPN’s merger process with Japanese SMFG local unit inches ahead

The combined assets of the two banks would amount to around $12 billion.


Indonesia’s Kejora to close second fund next month, says managing partner

Kejora Star Capital II, which hit its first close at a reported $21 million last year, has already backed around 8-9 companies so far.


Indonesia’s Pertamina to take over Chevron’s Rokan block in 2021

Rokan has been a focus area for Chevron, which asked Indonesia earlier this year to extend its operating contract beyond 2021.


Indonesian P2P lending startup Koinworks in talks to raise up to $5m

Koinworks, which started operating in the P2P lending space in 2016, raised an angel funding round in 2017.


Indonesia’s regulator approves MUFG request to raise stake in Bank Danamon

The OJK approved MUFG’s planned purchase of Asia Financial’s stake of 20.1 per cent in Danamon.


Indonesian P2P lender Investree raises Series B round led by SBI Holdings

Mandiri Capital Indonesia, Persada Capital, Endeavor Catalyst, 9F Fintech Holdings Group and previous backer Kejora Ventures also joined the round.