Bank Indonesia to prohibit use of bitcoin, other cryptocurrencies from 2018


The decision has been reportedly taken to protect the sovereignty of the Indonesian rupiah, the country’s fiat currency.

Indonesia asks state-owned firms to tap markets for capital

The country is asking 118 companies to embrace new sources of fundraising starting next year.

Exclusive: Indonesian commodity player & LP Gunung Sewu sets sights on fintech, Big Data

Gunung Sewu is an LP in Indonesia-focused VC firms Alpha JWC Ventures and Convergence Ventures.

Indonesia: Food delivery startup Kulina to close second seed round of over $500k by Jan

Kulina was recently named among the four Southeast Asian startups selected for Google’s Launchpad Accelerator programme.

Indonesia: GREE Ventures-backed Ayopop raises Series A led by Finch Capital

Finch Capital, an early-stage fintech VC firm with a focus on Europe and Southeast Asia, has led a Series A funding round of an undisclosed amount in Indonesian mobile bill payment startup A representative of Finch Capital will join Ayopop’s board upon investment. The VC firm was earlier known… Read more »

Indonesia: Telkom agrees to buy Malaysia’s TS Global Network for $26m

The Malaysian firm is the largest VSAT satellite operator in the country, serving corporate clients

GDP Venture-backed Blibli acquires Tiket’s sister company Indonesia Flight

When Blibli acquired Tiket, both agreed that it would continue operating their own brands upon acquisition

Exclusive: Go-Jek said to have picked up minority stake in Bangladesh ride app Pathao

Go-Jek is learnt to have invested around $2 million in Pathao’s Series A round.

Indonesia: BRI completes acquisition of VC firm Bahana Artha Ventura

Indonesian state-lender Bank Rakyat Indonesia (BRI) has completed the acquisition of 35 per cent stakes in venture capital firm Bahana Artha Ventura (BAV), a subsidiary of state-owned Bahana Pembinaan Usaha Indonesia (BPUI). According to a filing to the Indonesian Stock Exchange, Bank Rakyat Indonesia paid IDR 71.32 billion (US$5.28 million) for… Read more »

Messenger platform LINE Indonesia takes over carpooling startup TemanJalan

TemanJalan had raised seed funding from Golden Gate Ventures and an angel investor back in August 2016.