Bank Indonesia
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Touted as Indonesia’s biggest e-commerce speciality coffee supplier, Otten Coffee is gearing up to be a key player in the region’s gourmet coffee arena.
Touted as Indonesia’s biggest e-commerce speciality coffee supplier, Otten Coffee is gearing up to be a key player in the region’s gourmet coffee arena.
Indonesia’s first unicorn, ride-hailing startup Gojek has merged with Tokopedia to compete against regional giants Grab and Sea Group to develop the best super-app.
Indonesia’s first unicorn, ride-hailing startup Gojek has merged with Tokopedia to compete against regional giants Grab and Sea Group to develop the best super-app.
Through a flexible leasing model, Xurya is making the economic case for factories and building operators to harness solar power and save electricity costs.
Through a flexible leasing model, Xurya is making the economic case for factories and building operators to harness solar power and save electricity costs.
Indonesia’s fourth unicorn, e-commerce startup Bukalapak, a popular marketplace platform for MSMEs, becomes first unicorn startup to be listed on the Indonesian Stock Exchange.
Indonesia’s fourth unicorn, e-commerce startup Bukalapak, a popular marketplace platform for MSMEs, becomes first unicorn startup to be listed on the Indonesian Stock Exchange.
Ajaib’s online wealth management tool brings personalized mutual fund investing to the masses, potentially mobilizing billions of investable assets across Southeast Asia.
Ajaib’s online wealth management tool brings personalized mutual fund investing to the masses, potentially mobilizing billions of investable assets across Southeast Asia.
Xendit, an all-purpose payment gateway and management platform for SMEs and startups in Southeast Asia, becomes a unicorn after expansion into the Philippines.
Xendit, an all-purpose payment gateway and management platform for SMEs and startups in Southeast Asia, becomes a unicorn after expansion into the Philippines.
Furnishing happiness and championing local craftsmanship, Fabelio partners with Indonesian designers and furniture producers to give IKEA a run for their money.
Furnishing happiness and championing local craftsmanship, Fabelio partners with Indonesian designers and furniture producers to give IKEA a run for their money.
The world’s first online Islamic fashion retailer, HijUp brings innovation to a fashion world that has long overlooked the huge potential of the Muslim market.
The world’s first online Islamic fashion retailer, HijUp brings innovation to a fashion world that has long overlooked the huge potential of the Muslim market.
Indonesian agritech pioneer Crowde has battled competition to stay ahead by pivoting from crowdfunding farming projects to channeling institutional lenders’ funds into agricultural loans.
Indonesian agritech pioneer Crowde has battled competition to stay ahead by pivoting from crowdfunding farming projects to channeling institutional lenders’ funds into agricultural loans.
Co-Founder and CEO of Qerja
The founder of two companies, Veronika Linardi earned her bachelor’s in Advertising from the University of Texas at Austin, and her master’s in Strategic Digital Marketing and Management Information Systems from Carnegie Mellon. Her work experience includes the Indonesian subsidiary of Thai conglomerate Charoen Pokphand, CNN and Pricewaterhouse Coopers. Previous to Qerja, Veronika founded Linardi Associates, an executive recruitment agency.
The founder of two companies, Veronika Linardi earned her bachelor’s in Advertising from the University of Texas at Austin, and her master’s in Strategic Digital Marketing and Management Information Systems from Carnegie Mellon. Her work experience includes the Indonesian subsidiary of Thai conglomerate Charoen Pokphand, CNN and Pricewaterhouse Coopers. Previous to Qerja, Veronika founded Linardi Associates, an executive recruitment agency.
Founder and CEO of Bobobobo
Ex-Smailing Tours Vice President for Inbound Marketing, Jimmy Akili worked at the family business for 12 years before launching Bobobobo. Smailing Tours, one of Indonesia’s largest travel agents, is founded and managed by the Akili family. Jimmy’s formal education background is in Marketing, with a minor in Psychology.
Ex-Smailing Tours Vice President for Inbound Marketing, Jimmy Akili worked at the family business for 12 years before launching Bobobobo. Smailing Tours, one of Indonesia’s largest travel agents, is founded and managed by the Akili family. Jimmy’s formal education background is in Marketing, with a minor in Psychology.
Founder and CEO of Infokost.id
Ex-Djarum employee Frandy Wirajaya Sugianto holds a Master of Management degree in Creative Marketing from the University of Surabaya (UBAYA). He joined clove cigarette manufacturer Djarum’s Sales and Marketing division in 2001 and worked for 10 years before being hired as the CEO of Infokost.id in 2011. In 2013, Frandy became the CEO of Global Visi Media (GVM) Networks, which includes companies such as Opini.id and Bolalob.com. Infokost.id is a company under GDP Venture group, founded and owned by Martin Hartono. The Hartono family also owns Djarum, Indonesia’s biggest cigarette manufacturer.
Ex-Djarum employee Frandy Wirajaya Sugianto holds a Master of Management degree in Creative Marketing from the University of Surabaya (UBAYA). He joined clove cigarette manufacturer Djarum’s Sales and Marketing division in 2001 and worked for 10 years before being hired as the CEO of Infokost.id in 2011. In 2013, Frandy became the CEO of Global Visi Media (GVM) Networks, which includes companies such as Opini.id and Bolalob.com. Infokost.id is a company under GDP Venture group, founded and owned by Martin Hartono. The Hartono family also owns Djarum, Indonesia’s biggest cigarette manufacturer.
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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