Indonesian startups Akseleran, Pomona confirm recent funding

Akseleran team

Two Indonesian startups have confirmed raising a funding round earlier this year. P2P lending startup Akseleran said it raised a pre-Series A funding round of $1.85 million, while adtech startup Pomona said it secured an undisclosed Series A funding round.

P2P lending startup Akseleran raises $1.85 pre-Series A funding

Peer-to-peer lending startup Akseleran has confirmed raising a $1.85-million pre-Series A funding round backed by a New York-based family office, the parent company of PT Bintraco Dharma Tbk and several angel investors.

According to a press release, the startup plans to use the fresh funding for expansion by recruiting representatives in a number of cities in Java such as Yogyakarta, Solo, Surabaya and Semarang. It also plans to step up its marketing campaigns through various advertisements.

The startup recently launched a mobile application called Auto-Invest through which lenders can determine loan criteria such as duration of loan and interest rates to cut down the time and hassle of selecting loan proposals from borrowers.

Over the last nine months, the startup claims to have disbursed over Rp 75 billion to SMEs from over 17,000 retail lenders as of July 2018.

According to Akseleran co-founder and CEO Ivan Tambunan, the company is targeting total disbursements of Rp200 billion by the end of 2018 and is also eyeing a Series A raise at the end of the year.

Adtech company Pomona secures Series A financing

Indonesian adtech startup Pomona raised an undisclosed Series A funding round in early 2018 from an unnamed investor.

The startup revealed the funding at a press conference in Jakarta on Thursday as it announced its pivot to a focus on the fast-moving consumer goods (FMCG) sector.

Launched in 2016, Pomona began as an O2O marketing solution using gamification to drive customers to offline retail and increase transactions. It offers customers reward points for shopping at a particular retail store using a QR code-based mobile app.

The pivot, which comes a year after the startup raised a seed funding round in 2017, will see Pomona offer sales conversion tools to help FMCG players receive sales data for their sales and marketing initiatives.

The startup said it plans to use the funding to develop its technology, hire talent and acquire new customers.

Also Read:

Indonesia: Equity crowdfunding startup Akseleran launches in Jakarta

Indonesian P2P lending startup Koinworks in talks to raise up to $5m

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

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.