Indonesia Digest: Experian opens office in Jakarta; LINE Ventures leads Amartha’s Series B round

UK-based consumer credit reporting agency Experian has opened an office in Jakarta to expand its operations in the region. Meanwhile, Jakarta-based P2P lending firm Amartha has secured an undisclosed funding round led by LINE Ventures.

Experian opens office in Indonesia

UK-based consumer credit reporting agency Experian has officially forayed into the Indonesian market and has established a permanent office in central Jakarta, according to an announcement.

Experian said that it has been seeing strong growth in the archipelago since 2014 when it had first incorporated its local operations in the country.

Experian is already betting big on the Southeast Asian market and is investing in companies here. While it has backed ride-hailing unicorn Grab in Southeast Asia, in Indonesia it has pumped in capital as a lead investor in C88, the parent company of CekAja.com, in its Series C round.

Experian Indonesia offers a range of products across functions such as decisioning, advanced analytics and data quality. It also has recently stepped up its identity & fraud solution in the market with its CrossCore platform.

LINE Ventures, others, back Amartha’s Series B round

Indonesian peer-to-peer lending company Amartha Mikro Fintek, known as Amartha, has raised an undisclosed Series B funding round led by LINE Ventures, the VC arm of global messaging app LINE.

The round also saw the participation of Bamboo Capital Partners, UOB Venture Management, PT Teladan Utama, and PT Medco Intidinamika.

The capital raised will be used by the company to expand its business throughout Indonesia to empower more women and support more families in rural areas, it said in a statement.

Amartha has secured a license from the Indonesian Financial Services Authority (OJK), to disburse loan solely to women entrepreneurs in rural areas. Besides providing loan, it also connects them with lenders who live in big cities with the aim of making an impact on society.

The fintech firm has facilitated over Rp 1.6 trillion ($113 million) of productive loans. It has served over 340,000 micro-entrepreneurial women across 5,200 villages in Java and Sulawesi. The fintech firm has been maintaining a non-performing loan (NPL) under 1 per cent.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.