Indonesia fintech Pendanaan raises Series A from Chinese VC Legend Capital

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Pendanaan enables qualified borrowers to access affordable and flexible digital credit through mobile devices.

Indonesia startup M Cash Integrasi debuts on IDX, shares jump 50%

Kresna Graha Investama bought a 17.6 per cent stake in MCI in April.


Indonesia: PP Energi eyes $368m via 2018 IPO, secondary offering

PP Energi is looking to offer up to 35 per cent of its paid up capital, with the first 20% in IPO


Indonesia: Gobi Partners-backed tour operator Tripvisto shuts down

Tour package booking site backed by Gobi Partners, Tripvisto, has ceased operations due to “worsening unit economics”, according to a report by Tech in Asia, revealing that the startup began to have trouble hitting operational targets in May 2017. It attempted several partnerships with media and telcos to promote the… Read more »


Indonesia: BCA earmarks $295m to acquire mid-size lender amid rising competition

While there have been several offers, the Jakarta-based bank, majority-owned by billionaires Budi Hartono and Michael Hartono, is yet to zero in on one.


Indonesia looks at lifting ban on JPMorgan’s government business

President Joko Widodo’s government stopped doing business with the largest U.S. bank after it downgraded the Southeast Asian nation’s equities by two notches.


Mitsubishi exits Indonesia’s Medco Energi, sells 10% stake for $40m

After the transaction, Medco Daya Abadi will hold 14.98% stake in publicly-listed Medco Energi.


KKR bets on Indonesia’s bread maker Nippon Indosari, buys 12.64% stake for $74m

KKR is now one of the largest shareholders in Indosari.


Exclusive: Indonesia’s Alpha JWC to start raising $100m fund next year, closes $50m first fund

The VC firm invests in startups in fintech, SaaS, Big Data analytics, marketplace and e-commerce.


Shopper engagement app Snapcart raises $10m in Series A led by Vickers Venture Partners

In March, the company had raised $3 million funding in its pre-Series A round.