China’s Ant Financial to ink JV with Indonesia’s Emtek, expand payments empire


The Emtek tie-up is Ant’s fifth international payments deal since November.

Rocket-backed ZEN Rooms closes $4.1 m series A led by Korean funds

Redbadge Pacific and SBI Investment Korea invested in the firm.

Indonesia DB: Panorama-JTB close deal; Eagle High share transfer to Felda begins

Panorama Sentrawisata (Panorama Group) announced today that the agreement to divest 30.1 per cent shares of its unit Panorama Tours Indonesia to Japan’s JTB Corporation has officially been met. Meanwhile, Malaysia’s Federal Land Development Authority (Felda) has reportedly begun the process of transferring shares of Eagle High Plantation to FIC Properties…. Read more »

Indonesia: Online gaming marketplace itemku raises $1.2m from 500 Startups

Five-Jack, the makers of online gaming marketplace Itemku, has raised $1.2 million in funding from seed stage venture capital firm 500 Startups, with participation by several unnamed South Korean venture capital firms. With the funding, Itemku will expand its operations to Southeast Asia within the second half of this year…. Read more »

Indonesia regulator expects fintech firms to double to 250 by year-end

OJK to focus on FinTech in a big way, expect 250 FinTech companies by end of 2017, 2 local Venture Capital companies form VC fund in Indonesia, hope recent VC regulations will help boost sector

Go-Jek’s food delivery beats all Indian food startups combined: Piotr Jakubowski

‘Go-Food has more daily transactions than all food startups in India combined’

Indonesia: Salim Group steps up e-commerce game, others to follow soon

Salim group recently established their B2B e-commerce venture called,

Indonesia DB: Fishery platform Aruna, crowdfunding site GandengTangan raise funds

Two Indonesia-based startups with social missions have raised some undisclosed amount of seed funding. Aruna, an integrated fishery platform, has raised a seed funding from hardware and machinery distributor UMG Indonesia while GandengTangan, a crowdlending site for micro-entrepreneurs, secured an investment from Mariko Asmara, a member of Angel Investment Network… Read more »

Indonesia: DOKU investor Gemilang Dana Sentosa buys 20% of Bareksa

Gemilang Dana Sentosa, who is also a backer of e-payment provider DOKU, has invested an undisclosed amount in mutual funds marketplace and news portal Bareksa. Gemilang now owns 20 per cent of the platform via a rights issue transaction. Bareksa will use the fresh capital to expand its business, in… Read more »

Indonesia O2O startup Pomona app secures seed funding led by Frontier Capital

The round was also joined by Prasetia and angel investors.