He is known as the Minister for Everything. From the government offices of Indonesia’s capital to dusty mines on remote islands, Luhut Binsar Pandjaitan commands authority as the nation’s essential […]
Indonesia
Trending topics and news from the Indonesia category
Back to news homeChina’s Nickel Plants in Indonesia Created Needed Jobs, Plus Pollution
For most of his 57 years on the island of Sulawesi, Jamal was accustomed to scarcity, modest expectations and a grim shortage of jobs. People mined sand, caught fish and […]
With $37M seed round, Maka Motors begins EV pilot on Indonesia’s streets
A recent report said that Indonesia’s electric vehicle (EV) market is projected to reach $20 billion by 2029, up from $533 million in 2022. Moreover, as much as half of the […]
Supply chain startup Baskit supports Indonesia’s middlemen
Large brand distributors dominate the top of the supply chain, but toward the bottom, there are thousands of middlemen, including wholesalers, who are the ones creating relationships with retailers. Founded […]
Finfra lets Indonesian businesses add embedded finance to their platforms
Finfra, an Indonesian startup that provides the tech infrastructure for online businesses that want to offer embedded finance products, has raised $1 million in new funding. The round included participation […]
Indonesia’s Skorlife gets funding to give Indonesians power over their credit scores
Skorlife, the fintech that wants to give Indonesians more transparency into their credit scores, has raised $4 million in seed funding. The round was led by Hummingbird Ventures with participation […]
Praktis lands $20M to help Indonesian D2C brands handle their supply chains
Small to medium-sized enterprises contribute 60% of Indonesia’s gross domestic product. But companies in the D2C space still struggle to compete against bigger brands. Praktis wants to put them on […]
Muslims come into the frame in Southeast Asia’s fintech boom
Founded in 2014, Blossom Finance was first intended for Muslim entrepreneurs in the United States. The microfinancing platform connects investors with small businesses using mudarabah, a shariah-compliant profit-sharing agreement. But […]
Southeast Asian credit fintech Kredivo scores $270M Series D
The funding landscape in Southeast Asia is still wintery, but one fintech managed to land a major round. Kredivo Holdings, which offers credit services to underbanked consumers in Indonesia and […]
Sequoia heats up early-stage startup investments in India and Southeast Asia
On a recent winter morning in New Delhi, Rajan Anandan and Pieter Kemps were pacing on the floor of a five-star hotel, quizzing a group of over two dozen young […]