January, February & March 2021
Indonesia’s technology news
Indonesia’s Q1 2021 tech and startup news summary gathers the country’s technology news headlines from across January, February and March of 2021.
Technology news headlines from Indonesia across Q1 2021 brought to light items including social e-commerce, Indonesia’s cryptocurrency outlook, the GoJek and Tokopedia merger, the Siklus household product refills service and more.
Headlines are bullet-pointed and hyperlinked without accompanying text, providing a quick-glance overview of Indonesia’s tech news across Q1 2021 along with one-click access to the Indonesia tech news articles behind each headline.
January 2021 | February 2021 | March 2021
IndonesiaN Startups: March 2021
- Indonesia: Amartha secures $50M from US-based Lendable to give women micro-entrepreneurs in emerging economies and rural areas access to financing
- Indonesia: Kopi Kenangan coffee chain launches Kenangan Fund, angel investment fund targeting early-stage Indonesian companies
- Indonesia: ALAMI Sharia-compliant P2P lending platform reportedly acquiring BPRS Cempaka Al-Amin rural bank
- Indonesia: Batumbu gains regulatory approval to operate as licensed digital financing platform, with MSME-focused lending in local supply chains
- Indonesia: KitaBeli secures $10M Series A funding with mobile-first social commerce platform
- Indonesia: An intro to Siklus, startup providing home-delivered refills for everyday household products in Jakarta
- Thailand’s Siam Commercial Bank and Indonesia’s Traveloka form JV to offer financial services and products to Thai customers
Indonesian startups: February 2021
- Indonesia: BukuWarung raises new funding to digitize Indonesia’s SMEs and mom-and-pop stores
- Indonesia: GajiGesa fintech startup raises $2.5M with focus on underbanked workers, addressing short-term liquidity challenges and cutting out money lenders
- Indonesia: PasarPolis insurance-tech firm gains $5M in equity finance from IFC, part of World Bank Group, to boost protection for Indonesians
- Indonesia: Green Butcher plant-based meat startup gains $2M with beefless products debuting at Starbucks Indonesia, and supply agreement with Burgreens vegan restaurants
- Indonesia: MemberID secures $1.1M Series A with marketing-tech focusing on loyalty services, and the launch of content creator-focused Travel Secrets platform
- Indonesia: FUNDtastic investment platform secures $7.7M Series A, aiming to add retail bonds, insurance and P2P lending to existing mutual funds and gold options
- Indonesia: RateS social commerce startup gains Series A funding with platform allowing individuals to start an online reselling business
- Indonesia’s Traveloka to launch ‘buy now, pay later’ financial services in Thailand and Vietnam
- Download: Indonesia Crypto Outlook Report 2020 (pdf)
- Indonesia: Warung Pintar retail tech firm acquires Bizzy Digital supply chain platform for $45M, enabling services to 230K retailers in 65 cities
- Indonesia’s Xendit partners Philippines’ BillEase for PayLater option allowing merchants to offer card-free instalments to cardless and unbanked shoppers
Indonesian Startups: January 2021
- Gojek ride-hail and digital payments firm and Tokopedia e-commerce leader in advanced talks around $18BN merger
- Zenius edtech startup gains funding with video-based lessons in critical thinking, and a recently-launched teacher-focused learning management system
- Ajaib online investment platform raises $25M Series A with focus on first-time investors and millenials
- Bukalapak online marketplace giant raises funding from Standard Chartered, in part aiming for digital banking services collaboration
- BukuKas fintech secures $10M Series A with focus on the digital and accounting needs of SMEs, with sights on launch of SME-focused digital bank
- Indonesia Stock Exchange launches new classifications, including technology-focused classification in bid to lure investors
- Ula raises $20M to expand e-commerce marketplace, aiming for a one-stop shop for sourcing and supply chains for small retailers
- China’s National Internet Information Office and Indonesia’s National Cyber and Cryptographic Bureau ink MoU on cybersecurity capacity building and technical cooperation
- An intro to the 13 initiatives that graduated from the Facebook Community Accelerator Asia Pacific Programme in December
- Singapore’s Sea tech giant acquires Indonesia’s Bank BKE to grow foothold in the region’s digital banking market
- A brief look at the recently-launched SEAF Women’s Economic Empowerment Fund, focusing investments primarily on Vietnam, Indonesia and the Philippines
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