Quona Capital backs P2P lender KoinWorks in first Indonesia investment


The investment was made through the $141-million Accion Frontier Inclusion Fund, which is anchored and sponsored by non-profit Accion.

Indonesia’s gadget portal Pricebook bags capital from Mirai Creation Fund II

Pricebook last raised a funding round in 2016, securing an undisclosed sum from two Japan-based firms – KLab Venture Partners and Aucfan.

Indonesia’s Kejora Ventures set to raise next early-stage fund

Kejora is currently deploying from a joint fund with S Korea’s Intervest that has a target corpus of $100 million.

Vietnam’s Viettel in talks to buy stakes in Malaysian, Indonesian telcos

Myanmar, where Viettel and its local partners launched a $1.5-billion 4G network last year, has emerged as one of the most promising markets for the company.

Indonesian freight marketplace Andalin close to securing Series A funding

The Series A round, which is expected to close in a few weeks, is said to be in the region of $2-3 million.

Indonesian student loan platform Dana Cita snags funding from Patamar Capital

The investment has been made through Patamar Capital’s women SME-focused impact fund.

VC firm BEENEXT eyes at least six investments in Indonesia in 2019

The firm, an early backer of Indonesian unicorn Tokopedia, has also invested in fintech firm Amartha and B2B marketplace Ralali.

Indonesia’s Go-Jek extends Singapore service to cover entire city

The island-wide roll-out is part of its continued beta phase for Singapore, which started in November.

Kudo co-founder Lucius joins payments startup OVO amid Grab investment rumour

A recent report suggested that Singapore-headquartered Grab has acquired a stake in OVO, which is owned by Indonesian conglomerate Lippo Group.

Indonesian e-learning startup Squline bags Series A funding from Investidea

The company said the fresh funding will be used to support its technology development, acquire new talent, and for product expansion in 2019.