The investment will enable MEMBER.ID’s help Indonesian companies increase consumer retention via a tailored loyalty program solution.
P2P lending startup focuses on financial inclusion in Indonesia.
The investment, if it comes through cements Indonesia as a hot startup destination, with other strong startups to benefit more than rest of the pack.
Focus lies in giving startups from Indonesia access to opportunities to expand into Singapore and vice versa.
Moka raises US$2 million led by Mandiri Capital in an extension to its Series A funding round.
East Ventures raises money from prominent family offices and entrepreneurs across continent to invest into SEA.
AlgoMerchant is seeking to build an ecosystem for retail investors, and wants to bring algorithmic and social trading to the masses.
Media startup IDNtimes.com, which curates news from a variety of sources and repackages it for Generation Y Indonesians, said it has secured an undisclosed amount of funding from East Ventures.
Programmatic advertising company Adskom said it has raised Series A funding of an undisclosed amount, led by Japan’s supply side platform (SSP) and advertising network Geniee.
Jurnal Consulting, which has developed a cloud-based accounting software aimed at SMEs, said it has secured a seed round investment from East Ventures for an undisclosed amount.