International Finance Corporation

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.

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 is an Indonesian technology company formed by the merger of Gojek and Tokopedia in May 2021. It integrates e-commerce, ride-hailing, delivery, and financial services into a single platform, primarily serving the Indonesian market. In 2024, GoTo divested its e-commerce business, partnering with TikTok Indonesia to create a new entity. Following this change, the company is expected to see its on-demand services generate the majority of its revenue, while its financial services begin to grow. Before the divestment, a significant portion of its non-financial services revenue was derived from e-commerce activities, and the company plans to expand its offerings to include loans and buy now, pay later options, enhancing its overall service ecosystem.

Bank BTPN is a leading Indonesian bank offering a wide range of financial products and services to diverse customer segments, from retail clients to corporations. Established in 1958, it operates through four main divisions: Retail, Micro, Small & Medium Enterprises (MSME), Funding and Treasury, and Corporate. The bank provides savings accounts, loans, investment products, bancassurance, transaction banking services, and digital banking solutions.

Founded in 2016, Roojai is an online insurance platform operating in Thailand and Indonesia. It specializes in developing, pricing, and managing its own suite of retail insurance products, primarily focusing on motor and health insurance.

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.

Sayurbox is a web-based platform founded in 2016 and headquartered in Bandung, Indonesia, that specializes in the distribution of fresh agricultural produce. The company connects consumers directly with farmers, enabling them to order fresh, chemical-free, and organic vegetables. This model ensures that customers receive healthy produce that is harvested and delivered on the same day, promoting a farm-to-table approach. By focusing on quality and freshness, Sayurbox aims to facilitate healthier living through accessible and sustainable food options.

AwanTunai is an Indonesian fintech company that digitizes the cash economy and the FMCG supply chain through a mobile platform for micro merchants. The platform enables online ordering, payment acceptance, and inventory management while providing embedded financing and mobile-based credit to working-capital needs, connecting borrowers with banks and finance partners to originate and service loans within a regulated ecosystem. It operates as a licensed fintech that can originate, service, and collect bank-compliant loan assets for partner funders and also distributes micro-insurance through insurer partners. By integrating financial services with digital tools, AwanTunai aims to increase financial inclusion for Indonesian small businesses that have limited access to traditional banking products.

Anteraja, established in 2019 and based in Indonesia, is a technology-driven logistics company specializing in courier and delivery services. It caters to diverse shipping needs, including large and heavy items like furniture and electronics, offering competitive pricing and reliable, time-definite delivery. The company leverages an integrated logistics system and extensive transportation infrastructure to facilitate convenient and efficient market connections, striving to be a trusted and reliable partner in Indonesia's express logistics sector.

PasarPolis is an insurtech startup founded by Cleosent Randing in 2015 and headquartered in Jakarta, Indonesia. The company operates an online insurance comparison platform that aims to make insurance accessible to emerging consumers. It offers a range of insurance products, including health, life, car, personal accident, property, and travel insurance. Through its online portal, PasarPolis provides customers with the ability to obtain quotes and access claims processing services, thereby facilitating the acquisition of affordable and inclusive insurance plans.

RedDoorz is an online platform that operates in the budget accommodation sector across Southeast Asia. Founded in 2015 and headquartered in Jakarta, Indonesia, the company provides a marketplace for two-star and three-star hotels, enabling travelers to discover affordable lodging options in key business and tourist destinations. RedDoorz not only assists guests in finding reliable stays but also supports hotel and guest house owners by enhancing their visibility, improving operational efficiency, and offering marketing and technology solutions. The platform standardizes amenities such as free Wi-Fi, clean rooms, comfortable beds, and daily mineral water, ensuring a consistent experience for customers. With a workforce of over 1,000 employees across five countries, RedDoorz has established itself as a significant player in the budget hotel segment, facilitating growth opportunities for its partners while catering to the needs of budget-conscious travelers.

Founded in 2016, Roojai is an online insurance platform operating in Thailand and Indonesia. It specializes in developing, pricing, and managing its own suite of retail insurance products, primarily focusing on motor and health insurance.

PT Bank KEB Hana Indonesia is a commercial banking institution headquartered in Jakarta, Indonesia, offering a comprehensive array of financial services to individuals, small and medium enterprises, and corporate clients. Established in 1971, the bank provides various accounts, including savings and current accounts, alongside term deposits and priority banking services. It also offers a range of credit facilities such as home loans, personal loans, and working capital loans. Additionally, the bank facilitates wealth management through bancassurance and mutual fund investments, alongside treasury, remittance, and cash management services. Modern banking solutions are available, including mobile and internet banking, ensuring convenient access for clients. PT Bank KEB Hana Indonesia operates as a subsidiary of KEB Hana Bank Co., Ltd.

RedDoorz is an online platform that operates in the budget accommodation sector across Southeast Asia. Founded in 2015 and headquartered in Jakarta, Indonesia, the company provides a marketplace for two-star and three-star hotels, enabling travelers to discover affordable lodging options in key business and tourist destinations. RedDoorz not only assists guests in finding reliable stays but also supports hotel and guest house owners by enhancing their visibility, improving operational efficiency, and offering marketing and technology solutions. The platform standardizes amenities such as free Wi-Fi, clean rooms, comfortable beds, and daily mineral water, ensuring a consistent experience for customers. With a workforce of over 1,000 employees across five countries, RedDoorz has established itself as a significant player in the budget hotel segment, facilitating growth opportunities for its partners while catering to the needs of budget-conscious travelers.

RedDoorz is an online platform that operates in the budget accommodation sector across Southeast Asia. Founded in 2015 and headquartered in Jakarta, Indonesia, the company provides a marketplace for two-star and three-star hotels, enabling travelers to discover affordable lodging options in key business and tourist destinations. RedDoorz not only assists guests in finding reliable stays but also supports hotel and guest house owners by enhancing their visibility, improving operational efficiency, and offering marketing and technology solutions. The platform standardizes amenities such as free Wi-Fi, clean rooms, comfortable beds, and daily mineral water, ensuring a consistent experience for customers. With a workforce of over 1,000 employees across five countries, RedDoorz has established itself as a significant player in the budget hotel segment, facilitating growth opportunities for its partners while catering to the needs of budget-conscious travelers.

Organica Water, Inc. is a wastewater design-build company that specializes in innovative solutions for the treatment and recycling of wastewater. Founded in 1998 and headquartered in Budapest, Hungary, the company has evolved from its initial focus on the Hungarian market to become a global leader in Fixed-Bed Biofilm Activated Sludge technology. Organica offers a range of products and services that allow clients to construct and manage space-efficient biological wastewater treatment plants, which seamlessly integrate into urban and residential environments. Its offerings include the Organica Bluehouse, a pre-assembled wastewater treatment solution, and the Organica Biomodule, which supports the biofilm carrier for treatment processes. Additionally, the company provides operational supervision and process control software to enhance efficiency. With a diverse clientele that includes large municipalities and multinational corporations, Organica Water operates internationally, with locations in the United States, India, China, and Indonesia, and has established a strong presence with numerous operational references and ongoing projects worldwide.

NOVICA United, Inc. is an e-commerce company based in Los Angeles, California, focused on providing a diverse range of accessories for men and women. Established in 1998, the company offers women's accessories such as shawls, scarves, hats, gloves, belts, and travel items, as well as men's accessories including cufflinks, walking sticks, and wallets. In addition to its product offerings, NOVICA empowers global artisans by connecting them with customers and helping preserve artistic traditions. The company features over 30,000 unique, handmade works of art daily, encompassing artisan-crafted jewelry, apparel, and home decor. With regional offices in countries such as Brazil, Peru, Mexico, Ghana, Indonesia, Thailand, India, and Guatemala, NOVICA aims to support and promote the skills of local craftspeople worldwide.