By Ardi Wirdana
2017 is also the most impressive in terms of PE performance, accounting for almost $20 billion in new deal value
These P2P lending platforms are being operated by 155 unlicensed fintech companies, more than half of which are from China.
The startup is the first publicly announced portfolio company of EV Growth, a new fund established by East Ventures, Sinar Mas Digital Ventures and Yahoo Japan’s YJ Capital.
Platforms ranging from social media to ride-hailing are being gamed for political and financial gains.
HarukaEdu is an online education startup backed by CyberAgent Ventures, Samatar Education and Pearson Affordable Learning Fund (PALF), the VC arm of global education company Pearson.
The investment sees NFC Indonesia and M Cash Integrasi acquiring 30 per cent and 5 per cent respectively in DMS
The company, which connects sellers and buyers looking for deals at wholesale prices, is close to finalising the round.
This is the largest funding round raised by an Indonesia-based fintech firm this year.
IFC has proposed to extend a debt financing package of up to $50 million to support the development of a 275 megawatt (MW) combined cycle gas turbine power plant in Riau Province, Sumatera, Indonesia.
Indonesia currently has four unicorns in ride-hailing startup Go-Jek, hospitality startup Traveloka and e-commerce companies Tokopedia and Bukalapak.