MDI Ventures

MDI is a corporate venture capital initiative by Telkom Indonesia which is based in Jakarta with operations in Singapore and Silicon Valley. It is set as an independent entity with its own funding processes. Disruptive and innovative companies in the online, media, and mobile internet space are the ventures MDI aims to invest. These sectors should be: - Coherent with existing Telkom Group's products: Digital Ads, Payment solutions, Cloud Computing. - Related to Telkom Group's new product development: Big Data, Media Services, Digital Life, Mobile Apps, E-commerce. - Next generation or less coherent but having a huge potential upside: Future Communications, Future M2M/IOT - The focus of investment is on the high growth verticals to enhance digital experience and provide excellent services that lead to an unparalleled customer experience. MDI uniquely combines a VC model with service in providing companies with access to operational help after making a financial investment. We work closely with global accelerators and venture firms to bring proprietary technology from other mature markets into various businesses of Telkom Indonesia.

Winston Adi

Head of Investments

Shannon Lee Chaluangco

Partner

Alvin Evander

Vice President of Business Development

Aditya Hadiputra Hadiputra

Principal

Aldi Adrian Hartanto

Partner

Kyle Kling

Head of Investments

Kenneth Li

Managing Partner

Sandhy Widyasthana

COO and Portfolio Director

Donald Wihardja

CEO

82 past transactions

AgriAku

Series A in 2022
AgriAku is a technology-based local agribusiness company that enables traders & farm shop owners to get saprotan(agriculture production facilities) at affordable prices through it's apps - Agroaku Mitra app, and Agroaku Hub app. AgriAku offers full-stack agriculture services for small and medium-sized businesses and farmers. AgriAku offers complete agricultural equipment such as seeds, fertilizers, agrochemicals to agro equipment.

Cermati

Series D in 2022
Their vision is to use technology to make financial information more available and more useful to everyone. Their mission is to enable people to take control of their financial situation and save a lot of money by doing so. Their products allow people to easily make the best financial decision for their situation. Come join our adventure in transforming Indonesian financial landscape through technology.

Pitik

Series A in 2022
Pitik is a modern agri-tech startup of poultry supply enabling chicken farmers with high efficienct technology.

Qoala

Series B in 2022
Qoala is an insurtech company based in Jakarta Selatan, Indonesia, founded in 2018. The company provides online insurance services for various needs, including coverage for flight and train delays, phone screen damages, and e-commerce logistics. By utilizing big data, machine learning, IoT, and blockchain technology, Qoala aims to transform the insurance landscape in Indonesia. It collaborates with major e-commerce and travel platforms to improve customer experience through its innovative insurance products.

Zenius Education

Series B in 2022
Zenius provides a great learning experience to Indonesian students by emphasizing critical thinking and scientific knowledge as a natural part of their everyday lives. We provide accessible yet elaborate subscription-based self-learning materials for K12 students across Indonesia.

Paxel.co

Series B in 2022
Paxel.co, officially known as PT Paxel Teknologi Unggul, is a logistics and delivery service provider based in Jakarta, Indonesia, established in 2017. The company operates a logistics application that facilitates same-day delivery services throughout the country. In addition to urban shipment and packaging services, Paxel offers a mobile payment solution called Paxel credit, enhancing transaction convenience for users. The company also provides Paxel Lockers, which serve as secure storage facilities for package retrieval. Through its innovative approach, Paxel aims to improve the delivery experience by ensuring access and transparency across its service network.

Bananas

Seed Round in 2022
Bananas offers supermarket delivery services to make grocery shopping more convenient and cost-effective. Customers can have goods delivered quickly after placing an order thanks to the company's use of the rapid commerce idea and delivery of items like meat, veggies, drinks, and several other daily necessities. To promptly deliver fresh food to customers' hands, their pickers and riders put forth a lot of effort. They also make sure that everything is done in a safe and clean manner. The company's fresh fruits and vegetables are primarily sourced directly from hardworking local farmers and small businesses, giving customers peace of mind knowing that their money is supporting local businesses and communities throughout Indonesia.

KoinWorks

Series C in 2022
KoinWorks is Indonesia Super Financial App and winner of Asian Banker Financial Innovation Award 2019 for Lending Category. With multiple financial product offers where users can manage both their asset and liabilities under one single platform. A true financial technology evolution, with core DNA in providing accessible and affordable financial solutions for everyone.

Zenlayer

Series C in 2022
Zenlayer operates as a software-defined network and services provider. It offers bare metal cloud, SD-WAN cloud connect, edge computing, and colocation in over 100 data centers on six continents. Enterprises utilizes Zenlayer’s SDx platforms to instantly enable worldwide connectivity and deliver the user experience. The company was founded in 2014 and is headquartered in Diamond Bar, California.

Pitik

Seed Round in 2021
Pitik is a modern agri-tech startup of poultry supply enabling chicken farmers with high efficienct technology.

AgriAku

Seed Round in 2021
AgriAku is a technology-based local agribusiness company that enables traders & farm shop owners to get saprotan(agriculture production facilities) at affordable prices through it's apps - Agroaku Mitra app, and Agroaku Hub app. AgriAku offers full-stack agriculture services for small and medium-sized businesses and farmers. AgriAku offers complete agricultural equipment such as seeds, fertilizers, agrochemicals to agro equipment.

DELOS

Seed Round in 2021
Delos offers a full-stack farm management system that allows shrimp farmers to digitalize their operations.

PrivyID

Series B in 2021
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.

GoCement

Seed Round in 2021
The GoCement app is the first of its kind, bringing on-demand, direct-to-site, pre-mixed cement along with mixing equipment. Giving convenience, cost savings, consistent quality, and lower wastage to our customers. The GoCement Founding team Djonny and Asanga spent many years gaining a deep understanding of cement distribution and how cement is used in construction sites. Current industry handicaps include too many intermediaries, lack of quality (in mixed sands and stones), cumbersome bulk logistics, manual transaction flow, wastage, and inconsistent mixing practices. GoCement solves these pain-point, by completely re-designing the supply chain to enable Lowest Cost to Site (LC2S), and providing ready-to-use pre-mixed products.

Luwjistik

Seed Round in 2021
Luwjistik serves as an API bridge between clients and network partners, connecting them directly to the service providers of their choice.

Evermos

Series B in 2021
Evermos is a social commerce startup that connects resellers-to-brands to consumers via platform to sell everyday Muslim products in Indonesia. Founded in November 2018, by utilizing the reseller program, Evermos incentivizes individuals to share the provided products on their messaging application or social media. Allowing the reseller to own a business or online store without requiring operating capital and complex e-commerce system. Evermos focuses on bringing the everyday needs for every Moslem, by providing halal products in various verticals, including fashion, food, cosmetics, home appliances, and business opportunities that comply with Sharia laws.

Aruna

Series A in 2021
Aruna is an Indonesian integrated fishery platform. Aruna helps to create a fair fish trading, improve the livelihood of local fishermen, also bring an affordable and high-quality seafood for communities.

Aruna

Series A in 2021
Aruna is an Indonesian integrated fishery platform. Aruna helps to create a fair fish trading, improve the livelihood of local fishermen, also bring an affordable and high-quality seafood for communities.

OY!

Series A in 2021
OY! is a fintech application that simplifies the management of finances. It is providing a free and easy way of transferring money directly from debit cards, viewing of bank account balances and bank statements as well as providing various financial products. The Jakarta, Jakarta Raya-based fintech company was co-founded in 2017 by Hilfi Alkaff, Jan Kristanto, and Jesayas Ferdinandus.

Alodokter

Venture Round in 2021
Alodokter is a digital health platform that provides an end-to-end digital solution to patients including telemedicine, doctors, and others. It also provides credible information, supportive communities, and in-depth reference material about health subjects that matter to. The platform brings high-quality medical services to its 20 million+ Monthly Active Users by providing an integrated mobile solution for patients and doctors. Alodokter's medical services are fully integrated via an application that can be downloaded on Android and iOS to meet the health needs of the Indonesian public, the latest health content, chat with doctors, an online booking platform for consultation with doctors and/or looking for hospitals. It was founded in 2014 and is based in Jakarta, Indonesia.
Bank Bisnis is a non-foreign exchange private commercial bank.

TaniHub

Series B in 2021
TaniHub is a B2B agriculture marketplace that connects farmers with food, hotel, restaurant, and catering business people. It offers an e-commerce platform for agricultural products and empowers local farmers by providing market access and financial access. Through TaniHub, local farmers can sell their crops to individuals as well as micro, small, and medium enterprises (MSMEs) in various regions. Headquartered in Jakarta, Jakarta Raya, co-founders Ivan Arie Sustiawan, Eka Pamitra, Michael Sugianto, Miftahul Choiri, Wahyu Setyo Nugroho, Wawan B. Setyawan, and William Setiawan founded it in 2015.

Cermati

Series C in 2021
Their vision is to use technology to make financial information more available and more useful to everyone. Their mission is to enable people to take control of their financial situation and save a lot of money by doing so. Their products allow people to easily make the best financial decision for their situation. Come join our adventure in transforming Indonesian financial landscape through technology.

Amartha

Venture Round in 2021
Amartha is a financial technology company that connects micro and SME business partners with investors.

TADA

Series B in 2021
Tada, Inc. operates a customer retention platform designed to enhance engagement between brands and their customers. Through its mobile application, Tada facilitates memberships, subscriptions, offers, rewards, and referrals, enabling businesses to improve customer loyalty and drive profitability. Founded in 2012, Tada is headquartered in Raleigh, North Carolina, with additional offices in Singapore, Makati in the Philippines, Jakarta in Indonesia, and Kuala Lumpur in Malaysia. The platform aims to provide businesses with tailored solutions that increase customer retention and profitability, allowing brands to maximize their revenue potential.

waresix

Venture Round in 2021
Waresix is a logistics platform for freight-forwarding, warehouse, and land transportation. It is a platform that matches unused warehouse space with users in need of such facility, looks to capitalize on the demand for flexible warehousing given the booming e-commerce market in the country. Waresix provides a solution for dynamic warehousing strategy that allows customers, retailer, distributor, and manufacturer to quickly adapt to variable demand. Waresix is headquartered in Jakarta, Indonesia.

Paxel.co

Venture Round in 2021
Paxel.co, officially known as PT Paxel Teknologi Unggul, is a logistics and delivery service provider based in Jakarta, Indonesia, established in 2017. The company operates a logistics application that facilitates same-day delivery services throughout the country. In addition to urban shipment and packaging services, Paxel offers a mobile payment solution called Paxel credit, enhancing transaction convenience for users. The company also provides Paxel Lockers, which serve as secure storage facilities for package retrieval. Through its innovative approach, Paxel aims to improve the delivery experience by ensuring access and transparency across its service network.

Sicepat Express

Series B in 2021
Logistics

RUN System

Venture Round in 2021
RUN System is a software company located in Yogyakarta.

Manus Bio

Series B in 2020
Making nature accessible and affordable for a growing society.It is estimated that the world’s population will increase by more than 35% by 2050, reaching 9 billion people. Crop production will need to more than double in order to feed these people and meet the consumer needs of a developing world. With very little land remaining for agricultural expansion, they as a society need to find ways to maximize the use of their world’s resources. Plants produce a variety of rare natural products which are used in their daily lives as flavors, fragrances, food ingredients, cosmetics, vitamins, pharmaceuticals and agricultural chemicals. They strive to reduce their dependence on land- and resource-intensive practices by recreating natural processes through biotechnology.

Alodokter

Series C in 2020
Alodokter is a digital health platform that provides an end-to-end digital solution to patients including telemedicine, doctors, and others. It also provides credible information, supportive communities, and in-depth reference material about health subjects that matter to. The platform brings high-quality medical services to its 20 million+ Monthly Active Users by providing an integrated mobile solution for patients and doctors. Alodokter's medical services are fully integrated via an application that can be downloaded on Android and iOS to meet the health needs of the Indonesian public, the latest health content, chat with doctors, an online booking platform for consultation with doctors and/or looking for hospitals. It was founded in 2014 and is based in Jakarta, Indonesia.

Mobile Premier League

Series C in 2020
Mobile Premier League is a skill-based eSports platform where users can play their favorite mobile games and win real cash. Its application offers an arcade, sports, and adventure games, that enable game enthusiasts to showcase their talent, win prizes, and enjoy with their friends. Mobile Premier League was established in 2018 and is headquartered in Bengaluru, Karnataka.

Anchanto

Series C in 2020
Anchanto Pte Ltd. owns and operates a global e-commerce selling and logistics platform. It offers Anchanto platform, which uses SaaS technology and operates as an e-commerce ecosystem that enables and connects all key players across the globe. The company’s SaaS platform is used for e-commerce warehouse management and multi-channel selling, as well as for connecting various sellers and logistics partners across various countries with various marketplaces integrations. Anchanto Pte Ltd. was founded in 2011 and is based in Singapore.

Aruna

Series A in 2020
Aruna is an Indonesian integrated fishery platform. Aruna helps to create a fair fish trading, improve the livelihood of local fishermen, also bring an affordable and high-quality seafood for communities.

Fabelio

Series C in 2020
Fabelio is a design-centric e-tailer operating in Indonesia and soon in entire South East Asia. They partner with the best designers in Indonesia to create original designs and they work closely with the best factories to manufacture good-quality products at attractive prices. At fabelio they focus on furnishing happiness.

Beam

Series A in 2020
Beam Mobility Holdings Pte. Ltd. is a Singapore-based company that specializes in the rental of electronic scooters. Established in 2018, Beam operates through a mobile application that facilitates the rental process for users. The company promotes responsible parking by incentivizing customers to return e-scooters to designated parking spots, thereby reducing street congestion and enhancing urban mobility. Beam aims to provide a convenient and eco-friendly transportation alternative for urban dwellers.

Qoala

Series A in 2020
Qoala is an insurtech company based in Jakarta Selatan, Indonesia, founded in 2018. The company provides online insurance services for various needs, including coverage for flight and train delays, phone screen damages, and e-commerce logistics. By utilizing big data, machine learning, IoT, and blockchain technology, Qoala aims to transform the insurance landscape in Indonesia. It collaborates with major e-commerce and travel platforms to improve customer experience through its innovative insurance products.

Anchanto

Series C in 2020
Anchanto Pte Ltd. owns and operates a global e-commerce selling and logistics platform. It offers Anchanto platform, which uses SaaS technology and operates as an e-commerce ecosystem that enables and connects all key players across the globe. The company’s SaaS platform is used for e-commerce warehouse management and multi-channel selling, as well as for connecting various sellers and logistics partners across various countries with various marketplaces integrations. Anchanto Pte Ltd. was founded in 2011 and is based in Singapore.

OY!

Seed Round in 2020
OY! is a fintech application that simplifies the management of finances. It is providing a free and easy way of transferring money directly from debit cards, viewing of bank account balances and bank statements as well as providing various financial products. The Jakarta, Jakarta Raya-based fintech company was co-founded in 2017 by Hilfi Alkaff, Jan Kristanto, and Jesayas Ferdinandus.

PrivyID

Series A in 2020
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.

Sinbad Indonesia

Seed Round in 2020
Sinbad Karya Pedagangan is a software company.

FinAccel

Series C in 2019
FinAccel is a financial technology company creating disruptive and meaningful products in retail credit for Southeast Asia, the 7th largest economy in the world and home to nearly 10% of the world's population. With an all star team of investors, founders and employees, FinAccel is currently focused on disruption in the unsecured lending space.

QFPay

Series C in 2019
QFPay provides businesses with mobile payment technologies and value-added services. QFPay has been partnering with various mobile wallet providers including Alipay, WeChat Pay, China UnionPay, among others, servicing over 1 million+ merchants across Asia and executing over 500 million mobile payment transactions totaling USD30 billion+ in transaction value over the last 6 years.

Qoala

Seed Round in 2019
Qoala is an insurtech company based in Jakarta Selatan, Indonesia, founded in 2018. The company provides online insurance services for various needs, including coverage for flight and train delays, phone screen damages, and e-commerce logistics. By utilizing big data, machine learning, IoT, and blockchain technology, Qoala aims to transform the insurance landscape in Indonesia. It collaborates with major e-commerce and travel platforms to improve customer experience through its innovative insurance products.

CXA Group

Series C in 2019
From a modest start in 2013, when they had just three Fortune 500 clients, CXA has grown to become Asia’s leading Insurtech start-up - affirmed by over 600 clients and backed by a group of astute investors who understand the value and transformative potential of CXA’s groundbreaking platform. Employees are now able to proactively manage their health by choosing the best-suited insurance, wellness and disease management offerings while employers are able to view aggregated health and claims analytics of their workforce to prioritise interventions that reduce costs and improve workplace health, productivity and employee engagement.

Qlue

Series A in 2019
QLUE is a part of initial program for Smart City Jakarta to help report problems to the governor. The head of districts (lurah) will quick-follow up all reports to create a better neighborhood. Download Qlue for Android & start contributing to your community

Nium

Series C in 2018
Nium is an advanced payments platform redefining the way consumers and businesses send, spend, and receive funds across borders. Nium’s goal is to make the movement of money seamless through being a universal plug for financial services. The company uses agile, elegant, and modular solutions for complex business problems. Be it an Individual, new-age digital bank, or a traditional industry behemoth, Nium pride itself on creating financial infrastructure for every level of sophistication​.​ Nium has created a payment mesh in Asia, which is being leveraged by individuals and corporates. The company also offers a configurable, multi-featured platform MassPay that helps corporate and SME users to manage and control their high-volume remittances to multiple beneficiaries in multiple currencies via a seamless process, enabling them to reduce cross-border money transfer costs by up to 80%. The company is licensed in the EU, Australia, Canada, Hong Kong, Malaysia, India, and Singapore. It is backed by marquee investors such as Vertex Ventures, Fullerton Financial Holdings, Global Founders Capital, GSR Ventures, and SBI-FMO Ventures. Its services and business model have been recognized on prestigious platforms such as Singapore Fintech Festival and India Fintech Awards in 2017.

PAYFAZZ

Venture Round in 2018
PT Payfazz Teknologi Nusantara operates an online payment wallet that provides a range of financial services in Indonesia, targeting individuals who may not have access to traditional banking. Founded in 2016 and based in Jakarta, the company offers solutions for utilities, money transfers, e-commerce, and retail transactions. Its agency-based platform enables users to conduct secure financial activities, including bill payments and money management, through a network of bank agents. PAYFAZZ partners with various financial institutions and service providers to enhance its offerings and ensure security through advanced measures like GeoTrust SSL. The company aims to facilitate digital financial services and improve accessibility for unbanked populations, contributing to the broader financial inclusion and digital transformation in Southeast Asia.

Beam

Seed Round in 2018
Beam Mobility Holdings Pte. Ltd. is a Singapore-based company that specializes in the rental of electronic scooters. Established in 2018, Beam operates through a mobile application that facilitates the rental process for users. The company promotes responsible parking by incentivizing customers to return e-scooters to designated parking spots, thereby reducing street congestion and enhancing urban mobility. Beam aims to provide a convenient and eco-friendly transportation alternative for urban dwellers.

Fazz

Series A in 2018
Fazz Financial is a digital financial services group.

FinAccel

Series B in 2018
FinAccel is a financial technology company creating disruptive and meaningful products in retail credit for Southeast Asia, the 7th largest economy in the world and home to nearly 10% of the world's population. With an all star team of investors, founders and employees, FinAccel is currently focused on disruption in the unsecured lending space.

Anchanto

Series C in 2018
Anchanto Pte Ltd. owns and operates a global e-commerce selling and logistics platform. It offers Anchanto platform, which uses SaaS technology and operates as an e-commerce ecosystem that enables and connects all key players across the globe. The company’s SaaS platform is used for e-commerce warehouse management and multi-channel selling, as well as for connecting various sellers and logistics partners across various countries with various marketplaces integrations. Anchanto Pte Ltd. was founded in 2011 and is based in Singapore.

Roambee

Venture Round in 2018
Roambee provides a reliable and cost-effective end-to-end service to track shipments and their condition in real time. Within minutes customers, regardless of the industry, can access information about shipments and their in-transit condition to avoid loss, improve operational efficiency and save money. Roambee brings an unheard of simplicity in accessing actionable information in real time with insights and foresights through a combination of its wireless sensor devices and its cloud based intelligence platform for end-to-end tracking. In short, Roambee puts customers in control of their shipments without any upfront investments in hardware and software. Headquartered in Santa Clara, CA, Roambee has an impressive list of customers spanning a variety of industries including pharmaceuticals, retail, food & beverages and consumer electronics, among others.

Cloudike

Series A in 2018
Cloudike powers cloud storage. Cloudike helps OEMs, mobile and Internet service providers acquire, retain, and upsell their customers by offering a compelling personal cloud experience under their own brand.

Element

Series A in 2018
Element Inc. develops and distributes a mobile based, software only platform for biometric identity. Its biometric solution is used to build immunization platforms, enable connected diagnostics, provide a digital identity for healthcare providers, and provide access to financial services. The company was incorporated in 2012 and is headquartered in New York, New York.

ObserveIT

Series B in 2018
ObserveIT Ltd. specializes in insider threat management software solutions aimed at helping organizations identify and eliminate potential risks posed by internal actors. Founded in 2006 and headquartered in Boston, Massachusetts, with additional offices in London and Tel Aviv, the company serves over 1,600 global customers across various industries, including financial services, technology, and manufacturing. Its product offerings encompass insider threat detection, user activity monitoring, incident response, and compliance solutions, all designed to secure remote work environments and prevent data loss. The platform significantly reduces investigation times and provides detailed playback of security incidents, thereby enhancing response efforts and simplifying compliance processes. ObserveIT operates as a subsidiary of Proofpoint, Inc.

Whispir

Series B in 2018
Whispir Limited develops and provides communications management systems through cloud-based platform in the Americas, Australia, New Zealand, Singapore, Switzerland, and internationally. It enables the integration of smart applications and micro communications services into existing workflow solutions to automate specific areas of business critical communications across mobile/email/voice/social/web. The company was founded in 2001 and is based in Melbourne, Australia.

Postr

Venture Round in 2018
Postr is an Android app that brings personalised and rewarding content to users. The app brings customised content feeds (including NZ Herald, GrabOne and MetService) and personalised advertisement with engagement mechanisms to user's lock screens and rewards users with Pocket Money (for hosting ads), which can be cashed out to their bank account, exchanged for deals or donated to charity.

aCommerce

Series B in 2017
aCommerce is an e-commerce enabler based in Bangkok, Thailand, specializing in providing comprehensive solutions for brands, manufacturers, retailers, and startups across Southeast Asia. Founded in 2013, the company offers a wide range of services that include performance marketing, channel management, web store design and operations, and order fulfillment. Additionally, aCommerce facilitates last-mile delivery, payment gateways, and customer service, helping clients effectively establish and manage their online retail presence. The company serves various sectors, such as health and beauty, fashion, electronics, travel, and technology. With a presence in Thailand, Indonesia, the Philippines, and Singapore, aCommerce aims to optimize and automate business processes for its clients, enhancing their overall e-commerce strategies.

Loft Orbital

Seed Round in 2017
LOFT ORBITAL SOLUTIONS INC. provides an end-to-end service to host and operate customers' payloads. The company provides satellite platform and integration, standard hardware interfaces, launch booking and integration, finance and insurance solutions to reduce risk and the financial barriers to accessing space, and regulatory compliance and licensing. LOFT ORBITAL SOLUTIONS INC. was incorporated in 2017 and is based in San Francisco, California.

Red Dot Payment

Series B in 2017
Red Dot Payment is an online payment company that provides payment solutions for banks, acquirers, and merchants across the Asia Pacific. It enables merchants and financial institutions to provide complete end-to-end payment options for their customers worldwide to pay seamlessly, swiftly, and securely. Integrate easily via APIs, plug into most major shopping carts and take the business to customers' mobile devices with its Android and IOS SDKs. Red Dot Payment's payment gateway is PCI DSS Level 1 certified to handle payment data, and all transactions are overseen by fraud monitoring systems. Red Dot Payment was founded in 2011 and is headquartered in Singapore. It also has offices in Bangkok and Jakarta.

PAYFAZZ

Convertible Note in 2017
PT Payfazz Teknologi Nusantara operates an online payment wallet that provides a range of financial services in Indonesia, targeting individuals who may not have access to traditional banking. Founded in 2016 and based in Jakarta, the company offers solutions for utilities, money transfers, e-commerce, and retail transactions. Its agency-based platform enables users to conduct secure financial activities, including bill payments and money management, through a network of bank agents. PAYFAZZ partners with various financial institutions and service providers to enhance its offerings and ensure security through advanced measures like GeoTrust SSL. The company aims to facilitate digital financial services and improve accessibility for unbanked populations, contributing to the broader financial inclusion and digital transformation in Southeast Asia.

Kata.ai

Series A in 2017
Kata.ai is an Indonesian Conversational Artificial Intelligence company with a focus on enhancing the understanding of human conversations, improving the way humans collaborate with machines. Kata.ai’s Natural Language Processing (NLP) technology powers intelligent chatbots (virtual customer service / virtual friend) for major corporations in Indonesia across a different kind of industries such as Unilever (FMCG) and Telkomsel (Telco). The company’s proprietary Kata Bot Platform can be leveraged to create engaging chatbots on top of Kata.ai’s robust and scalable AI technology platform, ensuring company of any size can easily build their own chatbot on any messaging platform. Established in 2015, the company has become a trusted partner for major corporations such as Microsoft, Accenture, and Line. In 2017, the company also received Series-A funding led by Trans-Pacific Technology Fund.

Kofera

Seed Round in 2017
Kofera helps you create & configure finely-tuned campaigns, optimise it using machine learning algorithm so you can make the most of every dollar you spend without hassle creating, managing and optimising AdWords campaign with million of keywords!

8x8 Asia

Series B in 2017
8x8, Inc. (NYSE: EGHT) is transforming the future of business communications as a leading Software-as-a-Service provider of voice, video, chat, contact center and enterprise-class API solutions powered by one global cloud communications platform. 8x8 empowers workforces worldwide to connect individuals and teams so they can collaborate faster and work smarter. Real-time analytics and intelligence provide businesses unique insights across all interactions and channels so they can delight end-customers and accelerate their business. For additional information, visit www.8x8.com, or follow 8x8 on LinkedIn, Twitter and Facebook.

Panviva

Venture Round in 2017
Panviva designs a cloud-based knowledge management platform that ensures better employee performance and higher customer satisfaction. Its knowledge management platform makes finding business critical information easy for employees, reduces average hold times and cuts down process errors, enabling employees to work better and faster, thereby improving customer experience and increasing revenue.

Ematic Solutions

Seed Round in 2017
Ematic Solutions Pte. Ltd. provides email marketing solutions in Singapore. It offers Bye-IQ, an application that facilitates smart visitor interaction, automation, database enhancement, and repeat purchase features; and Hi-IQ, an automated application that enhances email subscribers. The company was incorporated in 2011 and is based in Singapore.

PrivyID

Seed Round in 2017
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.

NComputing

Series B in 2017
NComputing, Inc. is a provider of client virtualization solutions. Through a formula of simplicity, performance and value, NComputing’s solutions serve larger scale and mid-market enterprises, small and medium business (SMB) and education customers, and other verticals markets including healthcare, finance, manufacturing, and government. The Company’s virtualization solutions enable users on any device and from any location to access their own personalized desktops, applications and data, regardless of its physical location. NComputing’s technology platform is based on core technologies including its UXP transmission protocols, virtualization server, application awareness and thin client devices. NComputing has approximately 4 million seats installed among more than 60,000 customers. The company was founded in 2003 and is based in Santa Clara, California.

SwipeRx

Series A in 2017
mClinica develops mobile platforms that strengthen the pharmaceutical supply chain, generate data, improve patient adherence to medication, and build the capacity of the pharmacy workforce. Since 2017, mClinica has connected 150,000 pharmacy professionals and 40,000 pharmacies through a single digital channel. Their users reach approximately 150 million patients each month. mClinica currently operates across Indonesia, Philippines, Vietnam, Cambodia, Thailand, Malaysia, and Singapore with capacity for expansion. Their team is composed of over 120 team members including experts in public health, data science, and pharmacy. mClinica is supported by impact investors like the Global Innovation Fund (backed by USAID, UKAID, DFAT, Swedish Government, and the Omidyar Network) and Patamar Capital (formerly Unitus Impact) as well as other investors from the US, Europe, and Asia. mClinica implements projects both digitally and on the ground to connect the world’s pharmacies and transform global health. mClinica follows a social enterprise business model in which they seek double-bottom line returns – maximizing both financial returns and social impact. mClinica’s rapid growth and success is increasingly recognized. mClinica was the recipient of the Data Driven Apps Award of the World Government Summit in 2019, USAID-FHI360 Data for Resilience Award, Pierre Fabre Foundation Prize for eHealth Innovation, and Hack Osaka. The company has consistently been recognized as one of the most innovative startups in healthcare in Asia Pacific.

Adskom

Series B in 2016
ADSKOM Pte. Ltd. operates as an advertising technology company that delivers digital advertising solutions for the ASEAN market. It develops programmatic advertising platforms for inventory optimization needs to publishers; campaign performance needs to advertisers; and budget spending optimization needs to ad-buyers. The company was founded in 2013 and is based in Singapore with additional offices in Jakarta, Indonesia; Palo Alto, California; and Noida, India.

NComputing

Venture Round in 2016
NComputing, Inc. is a provider of client virtualization solutions. Through a formula of simplicity, performance and value, NComputing’s solutions serve larger scale and mid-market enterprises, small and medium business (SMB) and education customers, and other verticals markets including healthcare, finance, manufacturing, and government. The Company’s virtualization solutions enable users on any device and from any location to access their own personalized desktops, applications and data, regardless of its physical location. NComputing’s technology platform is based on core technologies including its UXP transmission protocols, virtualization server, application awareness and thin client devices. NComputing has approximately 4 million seats installed among more than 60,000 customers. The company was founded in 2003 and is based in Santa Clara, California.

LotusFlare

Venture Round in 2016
We build awesome digital experiences to drive Growth. Our mission is to bridge established companies with the software stack and Growth mindset of the most successful Internet players. We partner with companies in telecom, finance, media and technology to build intuitive, engaging digital products and to systematically drive user engagement, retention and monetization on these apps and websites. We also create digital B-brands, often focused towards Millenials who expect a 100% digital experience when interacting with companies.

Goers

Seed Round in 2016
Goers is a daily going out app that allow young smartphone users to discover local things to do around them and book it directly from the app. The company promotes things to do in the city to the citizens and travelers of the city. the company's Vision is to be recognized as an going out platform in Southeast Asia. Goers is based in Jakarta & Bandung. Founded by Sammy Ramadhan, Niki Tsuraya Yaumi & Anselmus Krisna A.K.

Red Dot Payment

Venture Round in 2016
Red Dot Payment is an online payment company that provides payment solutions for banks, acquirers, and merchants across the Asia Pacific. It enables merchants and financial institutions to provide complete end-to-end payment options for their customers worldwide to pay seamlessly, swiftly, and securely. Integrate easily via APIs, plug into most major shopping carts and take the business to customers' mobile devices with its Android and IOS SDKs. Red Dot Payment's payment gateway is PCI DSS Level 1 certified to handle payment data, and all transactions are overseen by fraud monitoring systems. Red Dot Payment was founded in 2011 and is headquartered in Singapore. It also has offices in Bangkok and Jakarta.

Red Dot Payment

Series B in 2016
Red Dot Payment is an online payment company that provides payment solutions for banks, acquirers, and merchants across the Asia Pacific. It enables merchants and financial institutions to provide complete end-to-end payment options for their customers worldwide to pay seamlessly, swiftly, and securely. Integrate easily via APIs, plug into most major shopping carts and take the business to customers' mobile devices with its Android and IOS SDKs. Red Dot Payment's payment gateway is PCI DSS Level 1 certified to handle payment data, and all transactions are overseen by fraud monitoring systems. Red Dot Payment was founded in 2011 and is headquartered in Singapore. It also has offices in Bangkok and Jakarta.

aCommerce

Venture Round in 2016
aCommerce is an e-commerce enabler based in Bangkok, Thailand, specializing in providing comprehensive solutions for brands, manufacturers, retailers, and startups across Southeast Asia. Founded in 2013, the company offers a wide range of services that include performance marketing, channel management, web store design and operations, and order fulfillment. Additionally, aCommerce facilitates last-mile delivery, payment gateways, and customer service, helping clients effectively establish and manage their online retail presence. The company serves various sectors, such as health and beauty, fashion, electronics, travel, and technology. With a presence in Thailand, Indonesia, the Philippines, and Singapore, aCommerce aims to optimize and automate business processes for its clients, enhancing their overall e-commerce strategies.

Geniee

Venture Round in 2016
A member of SoftBank Group, GENIEE (TSE6562) is a public global AdTech/MarTech company listed in Tokyo stock exchange market. Geniee helps to maximize your Ad Revenue with High-end Technology. As a member of SoftBank Group, GENIEE and SoftBank Group are working closely together to lead the Digital Advertising and Marketing Technology and the further Global Expansion.

Coda Payments

Venture Round in 2016
Coda Payments Pte Ltd. is a Singapore-based company that provides mobile payment solutions for online digital content and services, primarily targeting emerging markets. Established in 2011, Coda enables digital content providers to monetize their offerings through a variety of payment channels. The company is known for its integration with popular gaming titles such as PUBG Mobile and Call of Duty: Mobile, as well as streaming services like beIN and Bigo Live. Users can make payments through its platform Codapay, which offers direct carrier billing and access to a wide network of alternative payment options. Additionally, Coda operates Codashop, a platform frequented by over 11 million users monthly for topping up games and services. The company collaborates with various e-commerce, telecommunications, and super app partners to enhance access to premium digital content. Coda Payments serves clients across numerous countries, including Indonesia, India, Brazil, and Egypt, and maintains a presence in Singapore, Jakarta, and Bangkok.

Ematic Solutions

Seed Round in 2016
Ematic Solutions Pte. Ltd. provides email marketing solutions in Singapore. It offers Bye-IQ, an application that facilitates smart visitor interaction, automation, database enhancement, and repeat purchase features; and Hi-IQ, an automated application that enhances email subscribers. The company was incorporated in 2011 and is based in Singapore.

Sonar Platform

Seed Round in 2016
Sonar Platform owns and operates Sonar Analytics and Sonar Influence platform that offers market intelligence, competitor research, brand sentiment analysis, audience profiling, online marketplace analysis, and command center solution. The company was founded in 2013 and is based in Jakarta, Indonesia. As of July 1, 2020, Sonar Platform operates as a subsidiary of Dataxet Pte Ltd.