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

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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 Ayopop.com. 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.