Kitabisa.com
Series B in 2023
Kitabisa is an online crowdfunding platform based in Indonesia, established in 2013, that focuses on social and personal medical causes. It has facilitated over $40 million in donations from millions of donors across the country. The platform connects fundraisers with potential donors, allowing users to launch their own crowdfunding campaigns or contribute to various social causes. Kitabisa emphasizes transparency and accountability in fundraising, making it easier for individuals and organizations to seek support for their initiatives.
Kredivo Group
Series D in 2022
Founded in 2016 by Akshay Garg, Kredivo Group is Southeast Asia's leading digital financial services provider. Its flagship product, Kredivo, offers instant credit financing for e-commerce and offline purchases, personal loans, and installment payments through a modern API.
PT Paxel Teknologi Unggul is a logistics and delivery service provider based in Jakarta, Indonesia. Founded in 2017, the company offers a logistics application, Paxel, which facilitates same-day delivery services across the country. In addition to urban shipment and packaging services, Paxel provides a mobile application that includes payment functionalities and Paxel credit for transactions. The company also features Paxel Lockers, which serve as storage facilities for convenient package retrieval. Through its innovative approach, Paxel aims to enhance the delivery experience by ensuring access and transparency at various service points.
PrivyID is a universal identity enabler and digital signature provider headquartered in Jakarta, Indonesia. Since we were first established in 2016, our services have been trusted by over 205 companies and 4.5 million of individual users across Indonesia.
PrivyID has the vision to be the global leader in electronic identification and authorization. Enabling humans, organizations, and machines to communicate seamlessly while safeguarding authenticity, confidentiality, integrity, access control, and non-repudiation.
BukuKas is a neo-banking venture focused on integrating unbanked individuals in Southeast Asia into the financial ecosystem. Initially launched in Indonesia, the BukuKas app aims to support micro and small enterprises by digitizing traditional bookkeeping methods. The application allows business owners to easily record sales, expenses, and cash transactions using their smartphones. By simplifying cash management, BukuKas helps these enterprises enhance their profitability. Additionally, the app offers features such as transaction management, money transfer without bank fees, performance monitoring, automatic financial report generation, and stock management. Through these services, BukuKas seeks to improve cash flow management for small businesses in the region.
BukuKas is a neo-banking venture focused on integrating unbanked individuals in Southeast Asia into the financial ecosystem. Initially launched in Indonesia, the BukuKas app aims to support micro and small enterprises by digitizing traditional bookkeeping methods. The application allows business owners to easily record sales, expenses, and cash transactions using their smartphones. By simplifying cash management, BukuKas helps these enterprises enhance their profitability. Additionally, the app offers features such as transaction management, money transfer without bank fees, performance monitoring, automatic financial report generation, and stock management. Through these services, BukuKas seeks to improve cash flow management for small businesses in the region.
Funding Societies
Series C in 2020
Funding Societies, established in 2015 and headquartered in Singapore, operates a digital financing platform that connects small and medium-sized enterprises (SMEs) with investors. The company facilitates business loans, focusing on quick and efficient financing solutions, often bypassing traditional banking methods. It offers a range of flexible financing options, including micro and term loans, and invoice financing, using advanced credit scoring and risk assessment models. With operations across Southeast Asia, including Singapore, Malaysia, Indonesia, and Thailand, Funding Societies caters to SMEs seeking accessible and timely financing.
Fabelio is a design-focused e-commerce platform based in Indonesia, specializing in high-quality furniture and home decor. The company collaborates with local designers to create original pieces and partners with reputable factories to ensure good craftsmanship at competitive prices. Fabelio's platform allows customers to browse a diverse selection of furniture for various spaces, including living rooms, dining areas, bedrooms, and workspaces. The company emphasizes customer satisfaction by offering attractive services such as free same-day delivery and a two-year warranty on all products. With plans to expand throughout Southeast Asia, Fabelio aims to enhance the home furnishing experience by connecting buyers with unique, well-designed products.
BeeCash operates as a financial management application that helps stores in managing sales tracking, cash flow, account receivable, account payable, and financial reports.
The company is driven by a mission to digitize and simplify cash management to help millions of businesses in INA grow.
Carsome operates an online platform that connects sellers of used cars with dealers, offering inspection, valuation, bidding, and logistics to facilitate the entire selling process. The platform supports ownership transfer, financing options, and a curated selection of pre-owned cars for buyers, enabling relatively quick sales. Founded in 2015 and headquartered in Malaysia, Carsome has expanded to Indonesia, Thailand, and Singapore.
Sprout Solutions
Series A in 2019
Sprout is a technology company specializing in payroll and HR software for emerging markets. It automates timekeeping and attendance using biometrics, simplifies processing with single-click functionality, and employs prescriptive analytics. Sprout has a strong presence in the Philippines and is expanding into Singapore and Indonesia.
Bukalapak
Series D in 2019
Bukalapak operates an all‑commerce platform in Indonesia that serves both consumers and micro, small, and medium enterprises. Founded in 2010 and based in Jakarta, the company offers a wide range of products through a marketplace and provides ancillary services such as offline-to-online integration, business-to-business commerce, financial services, and logistics. It supports merchants and partners with flexible payment options and efficient order fulfillment, enabling access to diverse product categories across the Indonesian market. The marketplace remains the major revenue driver, complemented by services that expand its reach to MSMEs and shoppers.
Topica Edtech Group
Series D in 2018
Topica Edtech Group is a multinational educational technology company offering online education solutions. It provides Bachelor's Degree programs through Topica Uni, English speech tutoring courses via Topica Native, and hosts massive open online courses on various fields through Edumall. Headquartered in Hanoi, Vietnam, the company has expanded its presence to the Philippines, Singapore, Thailand, Indonesia, and the United States.
Investree
Series B in 2018
Investree is a B2B marketplace lending platform based in Indonesia, licensed by the Financial Services Authority (OJK) for both conventional and Shariah-compliant financing. Established in October 2015, the company has expanded its regional presence to Thailand and plans to enter the Philippines. Investree's mission is to leverage technology and data to provide small and medium enterprises (SMEs) with access to working capital from retail and institutional lenders. The platform employs a B2B acquisition model to attract SME borrowers through strategic partnerships with e-procurement platforms and payment gateway providers, enhancing verification processes and reducing acquisition costs. Led by a team of seasoned professionals, Investree has successfully facilitated over USD 230 million in funding since its inception, serving more than 1,000 SMEs while maintaining a strong asset quality.
Snapcart is an Indonesian shopper engagement platform that rewards consumers for scanning and submitting purchase receipts with cashback and other incentives. The app collects receipt data to provide brands and retailers with real-time insights into consumer behavior, enabling more accurate measurement and personalized engagement. By leveraging receipts and crowd-sourced data, Snapcart helps brands connect with shoppers and tailor offers to drive brand engagement and sales. The company is backed by Ardent Capital.
HappyFresh
Series B in 2016
HappyFresh is a leading online grocery company based in Jakarta, Indonesia, with operations extending to Malaysia and Thailand since its establishment in 2015. The company aims to simplify the grocery shopping experience by providing a platform where customers can order groceries from local stores and have them delivered directly to their doors. With a focus on high-quality service, HappyFresh employs trained personal shoppers who ensure that customers receive fresh and carefully selected products. This approach alleviates the challenges associated with traditional grocery shopping, such as parking, navigating aisles, and carrying heavy bags, allowing customers to save time and enjoy a more convenient shopping experience. HappyFresh has gained recognition as one of Asia's best companies to work for, reflecting its commitment to both customer satisfaction and employee welfare.
Ruma is a leading seller of mobile minutes and provider of low-income consumer surveys in rural areas of Indonesia. The company leverages a robust and growing network of several thousand microfranchisees and has developed key commercial partnerships with Bakrie Telecom and Qualcomm Wireless.