Modalku founders found themselves at the forefront of a SE Asian p2p lending market that looks to be entering a promising new phase.
In 2017, MrSpeedy forayed into Southeast Asia by making Indonesia as its first base.
The company said that the growth has been contributed by the implementation of its expansion strategies.
Goola is also implementing the new retail approach with a mobile application which is in the pipeline.
Masayoshi Son is learnt to have met top execs at the three firms during his visit to Indonesia last month.
The central bank has approved the collaboration, which currently covers debit card transaction processing.
Indonesia has been touchy in the past about ceding control of its lenders to the neighbouring city-state.
With the fresh capital, Logisly is set to pursue its goal of easing the high cost of logistics in Indonesia.
Q & A
The VC firm has so far invested in 27 early-stage tech startups in lieu of equity.
The company, which will invest through its VC arm called AX Ventures, has around three deals in the pipeline.
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