Pundi-Pundi, a Jakarta, Indonesia-based mobile payments and micro-loan startup aiming to create a cashless environment in South East Asia, closed a $4M pre-A round of funding.
UangTeman, a Jakarta, Indonesia-based digital lender, has raised up to US$12m in Series A debt and equity round.
Traveloka Holding Limited, a Southeast Asian online travel company, received a $350m primary minority investment from Expedia, Inc. (NASDAQ: EXPE).
Intudo Ventures, a Jakarta, Indonesia-based venture capital firm, closed its maiden fund, at over US$10m.
Taralite, a Jakarta, Indonesia-based P2P lending platform, raised US$6.3M in funding.
Five Jack, a South Korea and Indonesia-based company that operates an e-commerce game platform called itemku for gamers in Indonesia, raised US$1.2m in funding.
Grab, a ride-hailing and mobile payments platform in Southeast Asia, is to acquire Kudo, a O2O (online to offline) ecommerce platform in Indonesia.
Under its “Grab 4 Indonesia” 2020 master plan, Southeast Asian ride-hailing platform Grab will launch a social impact investment fund.
Indonesian PT Bank Central Asia Tbk (BCA) along with PT BCA Finance has established a venture capital firm.
East Ventures, a South East Asia-based early stage venture capital firm, closed its fifth fund, at $27.5m.
Global early stage venture capital firm 500 Startups has launched its second fund, 500 Durians II for Southeast Asia.
Gadjian, a Jakarta, Indonesia-based HR management startup, raised a funding round of undisclosed amount.
Cashtree, an Indonesian startup that offers a mobile lock screen advertising service, raised US$4m in Series A funding.
Lyke, a Jakarta, Indonesia-based fashion & beauty app, raised close to $4m in Series A venture capital funding.
Tokopedia, an Indonesian C2C marketplace, reportedly raised $147m in funding.