Asia Digest: Indonesia’s Sampingan raises $1.5m pre-Series A; Stripe launches in Malaysia

Sampingan's founder team

Indonesia-based on-demand workforce startup Sampingan has raised $1.5 million in a pre-series A round led by Golden Gate Ventures to expand its operations. In a separate development, technology firm Stripe has made a foray into the Malaysia market.

Indonesia’s Sampingan raises $1.5m pre-Series A

Indonesia-based on-demand workforce startup Sampingan has raised $1.5 million in a pre-series A round, led by Golden Gate Ventures, according to an announcement.

Singapore-based venture builder and early-stage venture capital firm Antler and a number of angels also participated in the round. The funds raised will be used by the company to expand its operations.

Founded by Wisnu Nugrahadi who has worked with GOJEK before, Sampingan is a platform that has been able to provide thousands of Indonesians with jobs across the country.

The company, which was born out of Antler’s startup generator programme, aims to give everyone in Indonesia equal access to jobs and enable agents to become resellers for small and medium-sized companies.

The company claims that it leverages on over 150,000 agent-partners across Indonesia as on-demand workers.

“Sampingan offers a really intriguing value proposition: the ability to launch large-scale, labor-intensive campaigns economically, quickly, and effectively across Indonesia–thanks to the emergence of digital-savvy Indonesians,” says Golden Gate Ventures’ partner Justin Hall. Golden Gate Ventures is excited to partner with Wisnu and the team and we expect to see amazing things coming out of this company over the next few years

Stripe launches in Malaysia

Stripe, a global technology company that builds economic infrastructure for the internet, has officially entered the Malaysia market, according to an announcement.

Stripe, valued at $35 billion, also announced a partnership with Payments Network Malaysia Sdn Bhd (PayNet) to make FPX available to businesses in the country.

“Even today, less than eight per cent of commerce is online, largely because moving money on the internet remains complicated, cumbersome and slow,” said John Collison, co-founder and president, Stripe. “At Stripe, our goal is to remove these barriers and build the kind of infrastructure ambitious businesses need to run at internet speed and scale.”

With this launch in Malaysia, online companies will now be able to access Stripe’s entire product stack, to launch, run and scale their businesses globally from day one – including Stripe Connect for running multi-sided marketplaces, Billing for subscriptions and recurring payments, Radar for fraud detection and prevention, Sigma for analytics, and more.

Stripe is also making FPX available in beta, allowing businesses on Stripe to accept payments via online bank transfers, along with major credit cards like Visa and Mastercard.

Stripe has been testing its service in Malaysia since January this year, and already works with some of the country’s most innovative companies including e-commerce solutions platform EasyStore, food delivery service dahmakan, and fashion and retail platform FashionValet.

The launching in Malaysia marks yet another step forward in Stripe’s global expansion, following from the company’s launch in Estonia, Greece, Latvia, Lithuania, Poland, Portugal, Slovakia and Slovenia earlier this year.

 

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.