Indonesia: Equity crowdfunding startup Akseleran launches in Jakarta

Indonesia’s first equity crowdfunding platform Akseleran was officially launched in Jakarta on Tuesday.

The startup, which introduced its beta version in December, said that it’s targeting early stage companies and small and medium enterprises (SMEs) in their campaigns.

Since its beta launch, Akseleran now has 50 applicants operating in various sectors, such as a fashion warehouse, a herbal medicine business, and an online travel agency startup. There is also a beer house, a swimming pool builder, and even a property development company looking to build a new apartment block, the company said.

“Eighty per cent of SMEs in Indonesia are having trouble accessing funding … There is also a serious funding gap in the startup scene. The government has the mission to turn Indonesia into the Digital Energy of Asia by 2020, but startups are well-known for cash burns, making them unbankable,” explained Akseleran CEO Ivan Tambunan at the launching event, as quoted by E27.

The funding gap experienced by Indonesian SMEs is predicted to be around $50 billion by 2020, and Akseleran claimed it was prepared to solve this issue, jointly with others like angel investors, venture capital firms, and P2P lenders, the company said.

“For startups and SMEs, there are many benefits. The first is that you don’t need to have any debt burden, as there is no interest rate as well … The process is safe and efficient, we do all the process online from due diligence, marketing, to closing the funds in the end … Startups and SMEs only have to focus on making sure that the material is right, approach as many people as possible to invest in their campaigns,” Tambunan said.

“We even help them to make business plan and do the financial forecasts,” he added.

Founded by brothers Ivan Tambunan, Mikhail Tambunan, and Christopher Gultom, the startup itself is backed by an undisclosed angel investor. Investors using the platform can start investing from Rp 100,000 ($7.5). It monetises by charging startups and SMEs a total of IDR10 million (US$750) for admin and consultancy fee, and also take a three per cent share in the companies that it helps raise capital for.

Also Read:

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Indonesia’s Financial Services Authority to regulate crowdfunding

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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.