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Indonesia’s KoinWorks Raises Debt and Equity Funding US$20M

JAKARTA (TheInsiderStories) - KoinWorks raised debt and equity funding worth of US$20 million from investors such as Quona Capital, EV Growth, Saison Capital, One of the...

SOEs Minister to Form Sub-Holding of Financial Company

JAKARTA (TheInsiderStories) - Minister of State Own Enterprises (SOEs), Erick Thohir, plans to synergizes three companies that has similar business in small medium enterprises. The planned...

Indonesia’s Akseleran Receives Funding US$8.55M

JAKARTA (TheInsiderStories) - Akseleran, a P2P Lending platform based in Indonesia, announced has received a Series A funding worth of US$8.55 million, led by Beenext at...

Indonesia’s Modalku, Golden Gate Gives Funding to Paper.id

JAKARTA (TheInsiderStories) - Indonesian crowdfunding platform, PT Mitrausaha Indonesia Group (Modalku) and Golden Gate Venture provided Series A funding for Paper.id, a service (Saas)...

Global Trade Finance Gap US$1.5T, ADB Says

JAKARTA (TheInsiderStories) - The global trade finance gap remained around US$1.5 trillion hampering efforts to provide important jobs and growth amid ongoing economic uncertainty,...

Indonesia’s Bank Mandiri Seeks a Medium-scale Bank

JAKARTA (TheInsiderStories) - One of the largest bank in Indonesia, PT Bank Mandiri Tbk (IDX: BMRI) plans to acquire a medium-scale bank with a...

Indonesia’s Warung Pintar Raises US$27.5M in Series B Funding

JAKARTA (TheInsiderStories) – Indonesia micro retail technology company Warung Pintar just announced that it had secured US$27.5 million in series B funding for various investors. The...

Indonesia Aborts 13 Businesses Ownership for Foreigners

JAKARTA (TheInsiderStories) -  Indonesian government has aborted 13 businesses open for foreign investor in the latest of Negative Investment List revision, said one government...

Implementation of the Indonesian Negative Investment List Continues

JAKARTA (TheInsiderStories) - Indonesian government confirms that the implementation of a negative investment list will continue despite protested from the businessmen. On Nov. 18, Indonesian government allowed...

FinTech Could Help Indonesia’s Micro-SMEs

JAKARTA (TheInsiderStories)--Financial technology (FinTech) could help Indonesia's micro, small, and medium enterprises (micro-SMEs) and boost the financial inclusiveness. CEO of International Finance Corporation (IFC) Philippe...

KinerjaPay to Enter Micro Lending Business in Indonesia

JAKARTA (TheInsiderStories) - KinerjaPay Corp., (OTCQB: KPAY), a digital payment and e-commerce platform, announced is ready to launch its own indigenous application for micro lending business...

PwC: Almost Half of SMEs Will Buy Insurance Online

JAKARTA (TheInsiderStories) - A growing number of small businesses say they are looking to interact with their insurers online, with 36 per cent saying...

A Cashless Society Benefits SMEs

JAKARTA (TheInsiderStories) - The Government has promoted non-cash payment to Small, Medium Enterprises (SMEs) by setting up a synergy between Bank Indonesia (BI), the Financial Service...