Salim Group-affiliated startup Youtap Indonesia has officially launched its service in Jakarta while Gojek has unveiled its third cohort comprising nine retail startups.
Salim Group-affiliate Youtap launches in Jakarta
Youtap Indonesia, the local unit of Singapore-based merchant services aggregator and mobile payment processing company Youtap, has launched its service in Jakarta on Tuesday.
Youtap, which has an R&D centre in Auckland and an office in South Africa, offers mobile money payments and financial services in EMEA & Asia.
In 2018, DealStreetAsia reported that Indonesian conglomerate Salim Group invested in Youtap, claiming a minority stake in the company.
The startup would support merchants to receive electronic payments from a range of consumer wallets, devices, and various payment methods, while also offering them applications to manage inventory and supply chain payments.
Aside from Salim Group, Youtap also partnered with Indonesia’s largest telco operator Telkomsel, along with McDonalds, LinkAja, DANA and ShopeePay.
Gojek unveils third cohort startups
Ride-hailing app Gojek has selected nine startups for the third cohort of its accelerator programme, Xcelerate, in partnership with Digitaraya. The shortlisted startups represent the daily needs-focused retail plays.
Launched in September 2019, Gojek Xcelerate aims to foster 35 startups from Indonesia and the Asia Pacific through curriculum-based training from Gojek with partners McKinsey & Co., UBS Bank, and Google Developers Launchpad.
The startups include a smart suitcase and padlock producer Sugar Technology; kidscare equipment rental platform Gigel; plant-based leather goods producer and marketplace Pijak Bumi; footwear producer Heiden Heritage; personalised skincare sellers Callista; poultry supplier Meyer Food; cosmetic seller Mad for Makeup; fresh produce marketplace Etanee and edtech platform Kiddo.