International Finance Corporation
International Finance Corporation (IFC), established in 1956 and headquartered in Washington, D.C., is a member of the World Bank Group dedicated to private sector development in developing countries. The organization provides a range of financial and advisory services to foster economic growth across various sectors, including agriculture, infrastructure, manufacturing, healthcare, education, and technology. IFC invests in both direct projects and funds, focusing on emerging markets and prioritizing sustainability and inclusive development. It offers a diverse array of financial instruments, such as equity, loans, and quasi-equity products, while adhering to strict investment guidelines that exclude certain industries, such as weapons, tobacco, and gambling. IFC typically invests between $1 million and $100 million, supporting projects that are predominantly privately owned in member countries. The organization does not actively manage portfolio companies but seeks to exit investments through equity sales or public listings, often maintaining equity stakes for eight to fifteen years.
NWP Property
Debt Financing in 2024
Formed in 2015, NWP Property is a joint venture between PT. Nirvana Development Tbk. (NIRO) and Warburg Pincus, formed to build and develop a best-in-class retail platform in Indonesia. The Venture focuses on developing hypermarket-anchored shopping malls in Indonesia to capitalize on the country’s growth potential which is driven by rapid urbanization, emerging consumption and outsized economic growth. This strategic partnership is founded on a common vision to expand NWP Property’s footprint across high potential areas for retail development throughout Indonesia.
GoTo Group
Debt Financing in 2023
GoTo Group is an application used for ride-hailing, food delivery, and other services. GoTo Group is driving progress by providing technology infrastructure and solutions that enable everyone to participate in and thrive in the digital economy.
PT Bank BTPN Tbk, headquartered in South Jakarta, Indonesia, provides a wide range of banking products and services to diverse customer segments, including retail clients, micro, small, and medium enterprises (MSMEs), and corporations. Founded in 1958, the bank operates through several segments: Retail, MSME, Funding and Treasury, Corporate, and Sharia. Its offerings include savings and current accounts, time deposits, investment products, and various types of loans such as working capital loans, project financing, and employee credit facilities. Additionally, the bank delivers transaction banking services, including treasury solutions, cash management, and remittance services. As a subsidiary of Sumitomo Mitsui Banking Corporation, PT Bank BTPN Tbk is positioned to effectively serve its customers across the Indonesian market.
Evermos is a social commerce startup based in Indonesia that connects brands, resellers, and consumers, focusing on everyday Muslim products. Founded in November 2018, the platform allows individuals to become resellers without needing significant operating capital or complex e-commerce systems. Resellers can share a variety of halal products—including fashion, food, cosmetics, and home appliances—through messaging applications or social media, earning commissions on sales. By targeting lower-tier cities in Indonesia, Evermos aims to meet the everyday needs of Muslim consumers while empowering resellers to generate additional income. The company also seeks to support small brands in scaling their operations, thereby contributing to social impact and economic prosperity for individuals at the bottom of the economic pyramid.
Roojai is a managing general agent (MGA) that develops, prices, and manages a range of retail insurance products, primarily focusing on motor and health insurance. Established in Thailand in 2016 and expanding to Indonesia in 2022, Roojai operates an online insurance platform designed to enhance access to insurance in a transparent and cost-effective manner. The platform utilizes technology to lower operational costs while providing customers with clear information throughout the claims and repair process. It allows users to obtain personalized quotes, customize coverage options, file claims digitally, and manage payments seamlessly, all contributing to an improved insurance experience.
Kitabisa.com
Venture Round in 2022
Kitabisa.com is an online crowdfunding platform for social and personal medical causes. Since 2013, Kitabisa facilitates over $40 million donations from millions of donors across Indonesia.
Sayurbox is a web-based platform based in Bandung, Indonesia, that specializes in the distribution of fresh fruits and vegetables. Founded in 2016, it connects consumers directly with farmers, allowing them to purchase chemical-free and organic produce. The platform emphasizes healthy living by offering vegetables that are harvested and delivered on the same day, ensuring freshness and quality. By facilitating online orders, Sayurbox aims to make healthy eating more accessible to its users.
Evermos is a social commerce startup based in Indonesia that connects brands, resellers, and consumers, focusing on everyday Muslim products. Founded in November 2018, the platform allows individuals to become resellers without needing significant operating capital or complex e-commerce systems. Resellers can share a variety of halal products—including fashion, food, cosmetics, and home appliances—through messaging applications or social media, earning commissions on sales. By targeting lower-tier cities in Indonesia, Evermos aims to meet the everyday needs of Muslim consumers while empowering resellers to generate additional income. The company also seeks to support small brands in scaling their operations, thereby contributing to social impact and economic prosperity for individuals at the bottom of the economic pyramid.
PasarPolis
Private Equity Round in 2021
PasarPolis is an insurtech startup based in Jakarta, Indonesia, founded in 2015 by Cleosent Randing. The company operates an online insurance comparison platform that aims to make insurance accessible to emerging consumers. It provides a variety of insurance options, including health, life, car, personal accident, property, and travel insurance. Through its online portal, PasarPolis enables customers to obtain quotes and manage claims efficiently, ensuring access to fast and affordable insurance plans.
Roojai is a managing general agent (MGA) that develops, prices, and manages a range of retail insurance products, primarily focusing on motor and health insurance. Established in Thailand in 2016 and expanding to Indonesia in 2022, Roojai operates an online insurance platform designed to enhance access to insurance in a transparent and cost-effective manner. The platform utilizes technology to lower operational costs while providing customers with clear information throughout the claims and repair process. It allows users to obtain personalized quotes, customize coverage options, file claims digitally, and manage payments seamlessly, all contributing to an improved insurance experience.
PT Bank KEB Hana Indonesia
Corporate Round in 2018
Provider of banking services based in Jakarta, Indonesia. The company offers a complete range of financial services such as loan processing, savings and current bank accounts, e-banking, remittance, priority banking, fund transfers, loan services and online payment processing.
Organica Water
Series B in 2013
Organica Water, Inc. is a wastewater design-build company specializing in innovative solutions for the treatment and recycling of wastewater. Founded in 1998 and based in Budapest, Hungary, the company has expanded its operations internationally, with locations in Princeton, New Jersey; New Delhi, India; Shanghai, China; and Jakarta, Indonesia. Organica provides a range of products and services that allow clients to construct and manage biological wastewater treatment plants in urban and residential areas. Its offerings include the Organica Bluehouse, a pre-assembled wastewater treatment solution; the Organica Biomodule, which supports biofilm growth; and the Organica Scallop Discfilter for removing suspended solids post-treatment. The company is recognized for its Fixed-Bed Biofilm Activated Sludge technology, which creates energy-efficient systems that integrate into existing infrastructure while promoting the reuse of treated wastewater. With a diverse clientele that includes large municipalities and multinational companies, Organica has successfully implemented over 75 treatment plants globally and continues to invest in research and development to enhance its technology.
Novica United
Series A in 2003
NOVICA United, Inc. is an e-commerce company based in Los Angeles, California, that specializes in providing a wide range of accessories for both men and women. Established in 1998, the company sources its products from a network of regional offices located in various countries, including Brazil, Peru, Mexico, Ghana, Indonesia, Thailand, India, and Guatemala. NOVICA offers an extensive selection of items, including shawls, scarves, hats, gloves, belts, wallets, and travel accessories for women, as well as cufflinks, walking sticks, and key chains for men. The company is dedicated to empowering global artisans by connecting them with consumers and preserving traditional artistic practices. Featuring over 30,000 unique handmade works of art daily, NOVICA showcases artisan-crafted jewelry, apparel, and home decor, thereby promoting the rich culture and craftsmanship of its talented contributors.
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