Indonesia Digest: Gojek launches insurance feature; Bareksa, OVO partner for MF payment

Gojek has launched GoSure, an online insurance product, in partnership with insurtech startup PasarPolis while Bareksa has kicked off a partnership with OVO for mutual funds payment.

Gojek launches online insurance feature GoSure

Gojek has launched an online insurance product in partnership with Indonesia-based insurtech firm PasarPolis.

The new feature, GoSure, offers products covering travel insurance, motor vehicles and mobile device protection. Gojek claims the products are accessible through a hassle-free application and claim process.

The partnership aims to boost the awareness and usage of insurance solutions in Indonesia. Gojek first launched GoSure’s beta version in October last year.

“One of Gojek’s long-term growth strategies from the beginning has been to build partnerships and services that will deliver greater value to consumers. We will continue to work closely with PasarPolis to develop more products that best meet their needs,” Gojek Head of Third Party Platform Sony Radhityo.

GoSure is launched through Gojek’s Third Party Platform (3PP), which provides users with access to an array of services from providers including digital donations, e-commerce, news, health and gaming.

In 2018, Indonesian unicorns Go-Jek, Traveloka and Tokopedia confirmed an undisclosed investment in Pasarpolis. The tree unicorns also act as strategic partners to the startup.

Bareksa, OVO team up for mutual funds payment

Online mutual funds marketplace Bareksa has kicked off a partnership with financial services provider OVO by allowing users to pay for their mutual funds’ transaction through the latter’s platform, the company announced on Wednesday.

“This is the first step in our grand plan to synergize the investment platform with a digital wallet, following our partnership with Tokopedia and Bukalapak. We have witnessed similar success stories in China where there is a synergy between e-commerce platforms (Alibaba), e-money (Alipay), and e-investment (Yu’e Bao),” Bareksa co-founder and chief executive Karaniya Dharmasaputra said.

By allowing users to pay through OVO, the company expects to double the number of transactions and funds under management this year compared to last year.

Customers registered on Bareksa platform has reached 800,000, with funds managed around Rp 2 trillion ($146.2 million).

Bareksa said the firm’s total funds that have been invested in Bareksa after obtaining OJK license in 2016 has reached around Rp 6 trillion ($438 million).

Bareksa manages 5,000-6,000 transactions every day on its platform, the company claimed.

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.