AC Ventures

AC Ventures, established in 2014, is a leading venture capital firm based in Southeast Asia, with a focus on Indonesia. It manages over US$500 million across five funds, investing in early-stage startups across various industries such as digital enablement, financial technologies, e-commerce, consumer technology, and sustainability solutions. The firm, previously known as Convergence Ventures, merged with Agaeti Ventures in 2020 to form AC Ventures.

Melina Anlin

Vice President of Investment

Alvin Cahyadi

Vice President of Investment

Jeremy Sianto

Senior Investment Associate

Nicholas Sunjaya

Senior Investment Associate

Helen Wong

Managing Partner

Past deals in Credits and Lending

Broom

Series A in 2024
Broom is a developer of a digital platform tailored for the automotive industry, focusing on funding, car auctions, and vehicle sales. The platform allows automotive dealers to secure short-term loans by using their car inventories as collateral. This service enables clients and showroom owners to obtain necessary supplies and facilitate vehicle sales, thereby enhancing the development and reliability of their businesses.

Broom

Venture Round in 2023
Broom is a developer of a digital platform tailored for the automotive industry, focusing on funding, car auctions, and vehicle sales. The platform allows automotive dealers to secure short-term loans by using their car inventories as collateral. This service enables clients and showroom owners to obtain necessary supplies and facilitate vehicle sales, thereby enhancing the development and reliability of their businesses.

Broom

Seed Round in 2023
Broom is a developer of a digital platform tailored for the automotive industry, focusing on funding, car auctions, and vehicle sales. The platform allows automotive dealers to secure short-term loans by using their car inventories as collateral. This service enables clients and showroom owners to obtain necessary supplies and facilitate vehicle sales, thereby enhancing the development and reliability of their businesses.

IDEAL Indonesia

Pre Seed Round in 2022
IDEAL Indonesia is a digital mortgage lending platform designed to streamline the home buying process for potential homeowners. The platform offers features such as e-KYC, document verification, and AI-driven credit scoring to help users receive personalized mortgage recommendations based on their specific needs. By connecting home buyers with a range of compatible mortgage products from major property developers and banks in Indonesia, IDEAL Indonesia allows users to apply to multiple banks using a single set of data. Additionally, the platform includes a real-time tracking system, enhancing the overall experience for individuals seeking to navigate their ownership journey efficiently.

Broom

Pre Seed Round in 2022
Broom is a developer of a digital platform tailored for the automotive industry, focusing on funding, car auctions, and vehicle sales. The platform allows automotive dealers to secure short-term loans by using their car inventories as collateral. This service enables clients and showroom owners to obtain necessary supplies and facilitate vehicle sales, thereby enhancing the development and reliability of their businesses.

KoinWorks

Series C in 2022
KoinWorks is a prominent financial technology company in Indonesia, recognized for its innovative approach to financial services. It operates a peer-to-peer lending platform that facilitates connections between investors and borrowers, offering loans for various purposes, including business ventures, healthcare needs, and educational pursuits. KoinWorks aims to provide accessible and affordable financial solutions through a comprehensive app that allows users to manage both assets and liabilities in one place. The company has received accolades for its contributions to financial innovation, including the Asian Banker Financial Innovation Award in 2019 for its lending services. Through its efficient online system, KoinWorks seeks to enhance financial inclusivity and empower individuals and businesses in their financial journeys.

OY!

Series A in 2021
OY! is a fintech application based in Jakarta that aims to simplify financial management for its users. Founded in 2017 by Hilfi Alkaff, Jan Kristanto, and Jesayas Ferdinandus, the platform offers a free and user-friendly way to transfer money directly from debit cards, view bank account balances, and access bank statements. By integrating various financial products into a single platform, OY! enables clients to streamline their financial transactions, promoting financial wellness and saving time.

Ayoconnect

Series B in 2020
Ayopop is a mobile application that offers a range of financial services, including credit, data packages, and electricity utility (PLN) services. It aims to streamline the process of managing financial transactions for users. By leveraging Ayoconnect's extensive financial API platform, Ayopop connects users with various financial products, allowing for efficient management of bills and expenses. The platform aggregates offerings from utilities, lenders, and other financial institutions, facilitating both personal finance management and increased financial literacy among its users. Through its innovative approach, Ayopop contributes to the growing trend of embedded finance in Southeast Asia, making essential services more accessible to a wider audience.

Akseleran

Series A in 2019
Akseleran operates a peer-to-peer lending platform that links small and midsize enterprises (SMEs) seeking loans with lenders looking to invest their funds. The platform provides businesses with access to capital at competitive interest rates, offering flexible loan tenors and various payment models. Akseleran streamlines the lending process by managing administrative tasks, facilitating easier access to necessary funding for entrepreneurs. Additionally, the platform creates alternative lending opportunities for individuals in Indonesia, allowing them to earn attractive returns that align with the associated risks.

KoinWorks

Series B in 2019
KoinWorks is a prominent financial technology company in Indonesia, recognized for its innovative approach to financial services. It operates a peer-to-peer lending platform that facilitates connections between investors and borrowers, offering loans for various purposes, including business ventures, healthcare needs, and educational pursuits. KoinWorks aims to provide accessible and affordable financial solutions through a comprehensive app that allows users to manage both assets and liabilities in one place. The company has received accolades for its contributions to financial innovation, including the Asian Banker Financial Innovation Award in 2019 for its lending services. Through its efficient online system, KoinWorks seeks to enhance financial inclusivity and empower individuals and businesses in their financial journeys.

OY!

Seed Round in 2019
OY! is a fintech application based in Jakarta that aims to simplify financial management for its users. Founded in 2017 by Hilfi Alkaff, Jan Kristanto, and Jesayas Ferdinandus, the platform offers a free and user-friendly way to transfer money directly from debit cards, view bank account balances, and access bank statements. By integrating various financial products into a single platform, OY! enables clients to streamline their financial transactions, promoting financial wellness and saving time.

KoinWorks

Series A in 2018
KoinWorks is a prominent financial technology company in Indonesia, recognized for its innovative approach to financial services. It operates a peer-to-peer lending platform that facilitates connections between investors and borrowers, offering loans for various purposes, including business ventures, healthcare needs, and educational pursuits. KoinWorks aims to provide accessible and affordable financial solutions through a comprehensive app that allows users to manage both assets and liabilities in one place. The company has received accolades for its contributions to financial innovation, including the Asian Banker Financial Innovation Award in 2019 for its lending services. Through its efficient online system, KoinWorks seeks to enhance financial inclusivity and empower individuals and businesses in their financial journeys.

Ayoconnect

Series A in 2017
Ayopop is a mobile application that offers a range of financial services, including credit, data packages, and electricity utility (PLN) services. It aims to streamline the process of managing financial transactions for users. By leveraging Ayoconnect's extensive financial API platform, Ayopop connects users with various financial products, allowing for efficient management of bills and expenses. The platform aggregates offerings from utilities, lenders, and other financial institutions, facilitating both personal finance management and increased financial literacy among its users. Through its innovative approach, Ayopop contributes to the growing trend of embedded finance in Southeast Asia, making essential services more accessible to a wider audience.

MoneySmart Singapore

Series A in 2015
MoneySmart Singapore is a leading personal finance portal in Southeast Asia, helping consumers make informed decisions about loans, insurance, credit cards, and other financial products. The company's mission is to simplify personal finance, offering a free, all-in-one platform where users can compare, understand, and apply for suitable products tailored to their life goals, from everyday expenses to long-term investments.
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