Santara: Sharia-inspired equity crowdfunding for Indonesia's MSMEs


With strong links to local business communities, Santara has big ambitions to become a household name in equity crowdfunding

Among the three licensed equity crowdfunding (ECF) platforms in Indonesia, Santara was the first to receive its license in September 2019. It says it's a pioneer in many aspects of the business model in the country, from developing a mobile app to a dynamic system that adjusts the minimum investment depending on how much has been committed. The company is part of the Inspira Group, a collection of Yogyakarta SMEs, that was set up in 2012 when Reza Avesena & co. decided to start a business without external funding. After starting many small businesses and bringing them across the IDR 4...
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