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 I...
Limited Reading

The rest of the content is exclusive to Premium subscribers. Subscribe now to continue accessing our full range of insights and data.

I’m a/an
  • Entreprenuer
  • Investors
  • Researcher
  • Technology & Startup Enthusiast
  • Government Staff

Your payment was not successful.

Please make sure you have entered your payment details correctly. Or try again in a few moments.

small logo

The discount code you entered is invalid

Please make sure you have entered your discount code correctly. Or try again in a few moments.

Download successful.

Your sample has been sent. Please check your email.

Our Privacy and Cookies policies and our Terms of Use may have been updated since your last visit. By continuing to browse this website, you consent to our use of cookies, as well as to our Terms of Use and Privacy Policy, which provides additional information about how we process your data. This website uses cookies to enhance your user experience. Please read our Cookies Policy for more information on how we use cookies, as well as instructions on how to disable cookies. You may disable cookies through your internet browser settings, however this may result in some parts of the website not working properly for you.