Bank Indonesia
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COO and co-founder of FROGS
Asro Nasiri is a seasoned aircraft engineer. From 1993 to 2007, Nasiri worked for the Indonesian state-owned aircraft manufacturer PT Dirgantara Indonesia. He designed and analyzed various systems for civilian and military aircraft, including weapon systems and FLIR thermal imaging. He left the company in 2007 to become a lecturer and director of an incubator at Yogyakarta's Universitas Amikom.In 2017, he was approached by Indonesian entrepreneur Kiwi Aliwarga who was looking for engineers to build Indonesia's first passenger-carrying drones. They co-founded FROGS to design and build passenger-carrying drones in Indonesia, with Nasiri as COO and chief certification officer.
Asro Nasiri is a seasoned aircraft engineer. From 1993 to 2007, Nasiri worked for the Indonesian state-owned aircraft manufacturer PT Dirgantara Indonesia. He designed and analyzed various systems for civilian and military aircraft, including weapon systems and FLIR thermal imaging. He left the company in 2007 to become a lecturer and director of an incubator at Yogyakarta's Universitas Amikom.In 2017, he was approached by Indonesian entrepreneur Kiwi Aliwarga who was looking for engineers to build Indonesia's first passenger-carrying drones. They co-founded FROGS to design and build passenger-carrying drones in Indonesia, with Nasiri as COO and chief certification officer.
Founded in 2010, Merah Putih is Indonesia’s first startup incubator. The Jakarta-based incubator focuses on mobile, gaming, community base and e-commerce. Its investment portfolio includes Infokost.id, Dailysocial and LintasBerita. Merah Putih is a collaboration between MCM Group and GDP Venture.
Founded in 2010, Merah Putih is Indonesia’s first startup incubator. The Jakarta-based incubator focuses on mobile, gaming, community base and e-commerce. Its investment portfolio includes Infokost.id, Dailysocial and LintasBerita. Merah Putih is a collaboration between MCM Group and GDP Venture.
Chairman and co-founder of Everimpact
Jan Mattsson is a former senior UN official and the head of an ESG management consultancy. He is also chairman and co-founder of Everimpact, a GHG monitoring company that uses satellites, ground sensors, AI and machine learning to deliver more reliable carbon emissions data to public bodies, municipalities, and businesses. Mattsson has four decades of experience in development, humanitarian and peacekeeping operations, and has led operations and programs in Asia, Africa, Latin America and Central Asia. He spent nearly 14 years as UN Under-Secretary-General and Executive Director of the United Nations Office for Project Services (UNOPS), the operational arm of the UN. Over his professional career, Mattsson has also engaged with international organizations such as the World Bank and the Green Climate Fund. Outside of Everimpact, Mattsson is founder and CEO of M-Trust Leadership AB, an independent ESG and sustainable development management consultancy. He chairs the board of the Museum for the United Nations, and 4Life Solutions (formerly known as SolarSack), a company offering a solar-powered product that can provide safe drinking water to low-income and vulnerable communities. Mattsson also serves on the boards of The Management Lab, which aims to help investors analyze the social and environmental impact of their investments and philanthropy, as well as the World Benchmarking Alliance, an Amsterdam-based non-profit organization that aims to measure and incentivise businesses’ contributions towards the UN SDGs.
Jan Mattsson is a former senior UN official and the head of an ESG management consultancy. He is also chairman and co-founder of Everimpact, a GHG monitoring company that uses satellites, ground sensors, AI and machine learning to deliver more reliable carbon emissions data to public bodies, municipalities, and businesses. Mattsson has four decades of experience in development, humanitarian and peacekeeping operations, and has led operations and programs in Asia, Africa, Latin America and Central Asia. He spent nearly 14 years as UN Under-Secretary-General and Executive Director of the United Nations Office for Project Services (UNOPS), the operational arm of the UN. Over his professional career, Mattsson has also engaged with international organizations such as the World Bank and the Green Climate Fund. Outside of Everimpact, Mattsson is founder and CEO of M-Trust Leadership AB, an independent ESG and sustainable development management consultancy. He chairs the board of the Museum for the United Nations, and 4Life Solutions (formerly known as SolarSack), a company offering a solar-powered product that can provide safe drinking water to low-income and vulnerable communities. Mattsson also serves on the boards of The Management Lab, which aims to help investors analyze the social and environmental impact of their investments and philanthropy, as well as the World Benchmarking Alliance, an Amsterdam-based non-profit organization that aims to measure and incentivise businesses’ contributions towards the UN SDGs.
Co-Founder and CEO of UangTeman
Singaporean Aidil Zulkifli was a commercial lawyer at Duane Morris & Selvam before founding the financial services comparison portal KreditAja.com in Indonesia in 2013. It was later sold to Singapore’s Moneysmart.sg in 2014. He then founded UangTeman in 2015.
Singaporean Aidil Zulkifli was a commercial lawyer at Duane Morris & Selvam before founding the financial services comparison portal KreditAja.com in Indonesia in 2013. It was later sold to Singapore’s Moneysmart.sg in 2014. He then founded UangTeman in 2015.
Founder and CEO of Valuklik, Founder and CEO of PasarPolis
Cleosent Randing began his entrepreneurship journey after his graduation from Simon Fraser University in Canada. He read degrees in Business Administration and Economics in 2009.Besides Valuklik and Pinnacle, Cleosent also owns and runs two other ventures. He is a director of NuGlobe Solutions, a call center outsourcing company that he founded in 2010. He is also operating an e-commerce website for insurance products named PasarPolis.com that he recently set up in October 2015.Since April 2016, Cleosent has been an active member and director of the Indonesia Canada Chamber of Commerce (ICCC). He is also a director of the Canadian Alumni in Indonesia (Calindo).
Cleosent Randing began his entrepreneurship journey after his graduation from Simon Fraser University in Canada. He read degrees in Business Administration and Economics in 2009.Besides Valuklik and Pinnacle, Cleosent also owns and runs two other ventures. He is a director of NuGlobe Solutions, a call center outsourcing company that he founded in 2010. He is also operating an e-commerce website for insurance products named PasarPolis.com that he recently set up in October 2015.Since April 2016, Cleosent has been an active member and director of the Indonesia Canada Chamber of Commerce (ICCC). He is also a director of the Canadian Alumni in Indonesia (Calindo).
Co-founder and CEO of IMOOJI
Mujianto "Muji" Rusman earned his bachelor's in Electrical Engineering from the Texas A&M University in 1998, after which he worked for Dell as a development manager while concurrently pursuing an MBA at Texas State University. He then joined Rovi Corporation in 2006, where he spent the next five years. In 2013, Muji returned to Indonesia to establish event photo sharing company EventPic, before building IMOOJI, a new digital brochure development firm in 2016. Although he spent most of his professional career in the US, Muji now divides his time between Indonesia and Seattle, where his family lives.
Mujianto "Muji" Rusman earned his bachelor's in Electrical Engineering from the Texas A&M University in 1998, after which he worked for Dell as a development manager while concurrently pursuing an MBA at Texas State University. He then joined Rovi Corporation in 2006, where he spent the next five years. In 2013, Muji returned to Indonesia to establish event photo sharing company EventPic, before building IMOOJI, a new digital brochure development firm in 2016. Although he spent most of his professional career in the US, Muji now divides his time between Indonesia and Seattle, where his family lives.
Norfund is the sovereign investment fund of Norway, established by the parliament in 1997 and owned by the Ministry of Foreign Affairs. The company has committed NOK 28.4bn in investments into 170 projects in developing countries as of 2020. Norfund has regional offices in Thailand, Costa Rica, Kenya, Mozambique and Ghana to support its activities in Asia, Africa and Latin America. In Asia, its core investment targets are Indonesia, Cambodia, Laos, Vietnam, Myanmar, Bangladesh and Sri Lanka. Norfund primarily invests in three key areas: clean energy, agriculture and fintech. The fund has invested in solar power projects and various food companies in India and various African countries. In Asia, Norfund has invested in Amartha, an Indonesian P2P lending fintech company providing loans to women-led microbusinesses. Norfund also invests in other venture funds, such as Southeast Asia-focused Openspace Ventures Fund III, to expand and diversify their portfolio.
Norfund is the sovereign investment fund of Norway, established by the parliament in 1997 and owned by the Ministry of Foreign Affairs. The company has committed NOK 28.4bn in investments into 170 projects in developing countries as of 2020. Norfund has regional offices in Thailand, Costa Rica, Kenya, Mozambique and Ghana to support its activities in Asia, Africa and Latin America. In Asia, its core investment targets are Indonesia, Cambodia, Laos, Vietnam, Myanmar, Bangladesh and Sri Lanka. Norfund primarily invests in three key areas: clean energy, agriculture and fintech. The fund has invested in solar power projects and various food companies in India and various African countries. In Asia, Norfund has invested in Amartha, an Indonesian P2P lending fintech company providing loans to women-led microbusinesses. Norfund also invests in other venture funds, such as Southeast Asia-focused Openspace Ventures Fund III, to expand and diversify their portfolio.
Based in the Netherlands, Prosus is a global investor in consumer tech and Internet companies. It is a subsidiary of South African tech investment company Naspers. In August 2021 the two companies completed a cross-holding agreement in which Naspers owns 57% of Prosus while Prosus owns 49% of Naspers. The two companies share a single board.Prosus is the largest shareholder in Chinese tech giant Tencent and Russian tech platform Mail.ru. Meanwhile, its venture division invests in a variety of fintech, food delivery, and other consumer tech companies. In Indonesia, it has invested in Bibit, a stock and mutual funds investment platform, as well as fishery trading and community development startup Aruna. It has also invested in edtech platforms like Indian executive learning platform Eruditus, and US-based coding education company SoloLearn.
Based in the Netherlands, Prosus is a global investor in consumer tech and Internet companies. It is a subsidiary of South African tech investment company Naspers. In August 2021 the two companies completed a cross-holding agreement in which Naspers owns 57% of Prosus while Prosus owns 49% of Naspers. The two companies share a single board.Prosus is the largest shareholder in Chinese tech giant Tencent and Russian tech platform Mail.ru. Meanwhile, its venture division invests in a variety of fintech, food delivery, and other consumer tech companies. In Indonesia, it has invested in Bibit, a stock and mutual funds investment platform, as well as fishery trading and community development startup Aruna. It has also invested in edtech platforms like Indian executive learning platform Eruditus, and US-based coding education company SoloLearn.
Co-Founder and Chief Business Development of iGrow
Gadjah Mada University (UGM) graduate Jim Oklahoma holds a bachelor’s degree in Statistics. Prior to co-founding iGrow, Jim worked as Data Evaluator and then as Monitor and Control Section Head at Pamapersada Nusantara, a wholly owned subsidiary of a heavy equipment distributor in Indonesia.
Gadjah Mada University (UGM) graduate Jim Oklahoma holds a bachelor’s degree in Statistics. Prior to co-founding iGrow, Jim worked as Data Evaluator and then as Monitor and Control Section Head at Pamapersada Nusantara, a wholly owned subsidiary of a heavy equipment distributor in Indonesia.
Co-founder of Volantis
Ryan Haryadi went to Diablo Valley College in the US and Indiana University, Bloomington, where he earned a bachelor's degree in Informatics. In 2010, he returned to Indonesia, where he briefly joined ORIX Indonesia Finance as an account manager till the end of 2011. In 2012, he joined online travel aggregator Pegipegi, which is now owned by Traveloka. In 2013, Haryadi moved on and joined Bachtiar Rifai at digital marketing consultancy WireHub. The duo continued on to establish digital marketing automation service firm Kofera Technology, and, subsequently, spun off a second company, Volantis Technology.
Ryan Haryadi went to Diablo Valley College in the US and Indiana University, Bloomington, where he earned a bachelor's degree in Informatics. In 2010, he returned to Indonesia, where he briefly joined ORIX Indonesia Finance as an account manager till the end of 2011. In 2012, he joined online travel aggregator Pegipegi, which is now owned by Traveloka. In 2013, Haryadi moved on and joined Bachtiar Rifai at digital marketing consultancy WireHub. The duo continued on to establish digital marketing automation service firm Kofera Technology, and, subsequently, spun off a second company, Volantis Technology.
Co-Founder of Cermati
US-trained veteran software engineer Oby Sumampouw has worked at LinkedIn, Oracle and Google. He holds a master’s in Computer Science from Stanford University. Oby was living in the United States for 13 years before he decided to return to Indonesia and start Cermati.
US-trained veteran software engineer Oby Sumampouw has worked at LinkedIn, Oracle and Google. He holds a master’s in Computer Science from Stanford University. Oby was living in the United States for 13 years before he decided to return to Indonesia and start Cermati.
Co-founder and CTO of Jala
Hanry Ario is a skilled programmer armed with a diverse skillset, from C++ to AutoCAD. In 2014, he graduated from Universitas Gadjah Mada in Indonesia and joined fellow alumni to establish electronics startup Atnic. Hanry is the CTO of Atnic that created the Jala sensor for shrimp farms.
Hanry Ario is a skilled programmer armed with a diverse skillset, from C++ to AutoCAD. In 2014, he graduated from Universitas Gadjah Mada in Indonesia and joined fellow alumni to establish electronics startup Atnic. Hanry is the CTO of Atnic that created the Jala sensor for shrimp farms.
Co-founder and CEO of Nodeflux
Meidy Fitranto is an experienced business analyst and manager with an industrial engineering background. Between 2010 and 2014, he filled supply chain management roles at two oil & gas companies, PT Energi Mega Persada and Kangean Energy Indonesia Ltd. In 2016, he established Nodeflux, a computer vision startup.
Meidy Fitranto is an experienced business analyst and manager with an industrial engineering background. Between 2010 and 2014, he filled supply chain management roles at two oil & gas companies, PT Energi Mega Persada and Kangean Energy Indonesia Ltd. In 2016, he established Nodeflux, a computer vision startup.
Founder and CEO of Pawoon
University of Melbourne graduate Ahmad Gadi worked as an analyst at contract manufacturer Malidas Sterilindo and Kraft Foods in Indonesia before establishing PT Alphanovation Digital Teknindo in 2013. The software consultancy catered to clients from FMCG to aviation industries and also became the launchpad for POS startup Pawoon in 2014.
University of Melbourne graduate Ahmad Gadi worked as an analyst at contract manufacturer Malidas Sterilindo and Kraft Foods in Indonesia before establishing PT Alphanovation Digital Teknindo in 2013. The software consultancy catered to clients from FMCG to aviation industries and also became the launchpad for POS startup Pawoon in 2014.
Co-founder and ex-CFO of eFishery
Muhammad Ihsan is a Management graduate from Universitas Padjadjaran, Bandung in Indonesia. Describing himself as a startup enthusiast, he worked in business development for various companies, including real estate firms. He joined Gibran Hufaizah and Chrisna Aditya as co-founder and CFO in eFishery but left the startup in March 2017.
Muhammad Ihsan is a Management graduate from Universitas Padjadjaran, Bandung in Indonesia. Describing himself as a startup enthusiast, he worked in business development for various companies, including real estate firms. He joined Gibran Hufaizah and Chrisna Aditya as co-founder and CFO in eFishery but left the startup in March 2017.
No bank account? In Indonesia, you can still shop online
Indonesian startups are racing to serve the millions of consumers that banks haven’t reached. Here’s a look at some of the leading players, their innovations and how they have redefined the market
With universal QR code, Indonesia achieves e-payment harmony
The move to standardize Indonesia's QR code is expected to unify the country's cashless payments system and lift tens of thousands of small merchants into the payments mainstream
P2P financing platform Investree raises Series C, with $23.5m in first tranche
Indonesia's Investree closes key funding amid Covid-19 crisis; is applying for licenses in Thailand and the Philippines in regional expansion
QRIS: Will the new QR code standard rewrite Indonesia’s e-payments scene?
Enabling interoperability, the QRIS seeks to level the playing field until now dominated by GoPay and OVO – disruption that could go beyond the e-wallets scene
Gojek acquires Indonesian POS startup Moka, gains greater share of SME fintech market
Deal reportedly worth $120m will add Moka's network of over 30,000 merchants to Gojek's reach
Investing in Indonesia: The fintech companies driving a new influx of capital
With 66% of Indonesians not owning a bank account, fintech startups have come up with myriad innovative products to entice a new generation of retail investors
MSMB: From university research to agritech ecosystem
The Indonesian startup is moving beyond sensors to build technologies for livestock tracking and fish farming
Indonesian state enterprises launch e-wallet LinkAja, competing with Go-Pay and OVO
Even with a wider range of services and extensive state backing, LinkAja faces a tough battle
Gradana: P2P lending for more accessible home ownership in Indonesia
Gradana wants to create an ecosystem where developers, agents, landlords, buyers and lenders benefit one another through interconnected financing
ZendMoney: Putting cash back into the pockets of Indonesian migrant workers
ZendMoney's unique remittance concept has already helped 90,000 migrant workers send money back home
Indonesian P2P lending platform Investree expands to the Philippines
With local partner Filinvest Development Corporation, Investree Philippines will support the country’s SMEs with its lending-based crowdfunding platform
Bukalapak CEO Achmad Zaky steps down, ex-banker Rachmat Kaimuddin to take over
Rumors of a leadership change first surfaced in August as the Indonesian unicorn and its co-founder got a bad press
Payfazz aims to be Indonesia's first on-demand financial services company
Handling transactions averaging over IDR 1tn monthly, Payfazz hopes to bring the benefits of banking to all Indonesians
UPDATE: Indonesian mPOS startup Cashlez raises IDR 85bn from IPO in May
Cashlez is the first fintech company to list on the Indonesia Stock Exchange; will spend over 60% of proceeds to acquire payments company in toll road market
Crowde-funding Indonesia's fields
Agritech startup Crowde offers retail investors direct access to Indonesia’s US$25 billion agricultural sector, transforming the way traditional farmers fund, run and grow their businesses
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