Indonesia’s Q4 2021 tech news
• October, November & December of 2021
• Technology and startup news headlines
• Quick reference for time-poor readers
• One-click access to each article
The fourth quarter 2021 collection is drawn from
Startup News Asia’s daily updates.
October 2021 | November 2021 | December 2021
October 2021 headlines
Indonesian Financial Services Sector Master Plan 2021-2025 (pdf)
- Indonesia: Ajaib, investment app similar to Robinhood hits unicorn status after raising $153M Series B, allowing users to buy and sell company shares and mutual funds
- Indonesia: ESB raises $7.6M Series A+ with end-to-end restaurant operations platform
- Indonesia: Grab, Emtek, Bukalapak launch ‘Kota Masa Depan’ MSME-focused accelerator, aiming to train and assist 10K MSMEs with business development using digital tech
- Indonesia Startup Champs 2021 Competition & Exhibition set for November 19-21 in Surabaya, with startup applications closing October 27th
Digital Societies in Asia Pacific / GSMA
November 2021 headlines
Deloitte: The accelerating digital payments landscape in Indonesia (pdf)
- Indonesia: Ula e-commerce enablement firm raises $87M in round part-backed by Jeff Bezos, with focus on digitizing small mom-and-pop stores
- Taiwan’s Gogoro joins Indonesia’s Gojek ride-hail giant for pilot program, aiming to add 5K electric scooters and hundreds of battery swap stations
- Indonesia: MoU inked for the country’s first smart city, set to transform BSD City in Greater Jakarta region in partnership with Abu Dhabi-based Group 42
- Indonesia: Ruangguru ed-tech startup partnered by Ministry of Communication and Informatics for Digital Literacy Space program
- Indonesia: KaryaKarsa raises near $500K seed round helping creators get paid directly by supporters, with platform boasting 40K creators and 300K users served to date
Indonesia Payment Systems Blueprint 2025 (pdf)
- Indonesia: Jala Tech shrimp farm management systems firm raises $6M, providing hardware and data platforms
- Indonesia: PPRO payments infrastructure provider partners Kredivo BNPL firm to integrate split payments, instant credit and more, focusing on the underbanked and unbanked
- Indonesia: Bareksa investment platform gains backing from Grab, gaining access to Grab users with mutual fund investment offers and payments handled by Ovo
- Malaysia’s Sunway Group partners Indonesia’s Kejora Capital VC for $25M Orbit Malaysia fund for Series A investments in fintech, agriculture, e-commerce, education and health
Indonesia Digital Lookbook, from Startup Indonesia
December 2021 headlines
pwc: The Future Of Work – The journey to 2022 (pdf)
- Indonesia: Flip secures $48M with wide range of fintech services, including focus on interbank transfers, the dominant payment method in the country’s digital economy
- Joint Exhibition & Junction of Startup Landscape in Indonesia commences December 13th, a 3-month online networking event and roadshow
- Binance reportedly in talks with Indonesia’s wealthiest family and state-owned telco around establishing a cryptocurrency trading exchange
- Indonesia: Binance blockchain and crypto infrastructure firm inks JV with consortium led by MDI Ventures for new Indonesia-based digital asset exchange
- Indonesia: Alibaba Cloud x KrASIA Global Startup Accelerator unveil finalists for the second Indonesia Demo Day, set to present on December 21st
Indonesia Payments System Blueprint 2025 (pdf)
- Indonesia: Cakap education-tech firm raises $10M using artificial intelligence and machine learning to provide more personalized learning for users
- Indonesia: An intro to CeriTech, using IoT to monitor the coffee production process from planting to final product
- Indonesia: An overview of digital banking developments in the country over 2021
- Hong Kong’s WeLab fintech unicorn raises $240M to buy Indonesia’s Bank Jasa Jakarta, aiming to launch digital bank for the country’s huge unbanked population
KPMG: Venture Pulse Q4 2021 (pdf)
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