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A peek into the booming tech ecosystem of Southeast Asia.

SEA Tech

A blockchain, originally block chain, is a growing list of records, called blocks, which are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data.

Blockchain

Fintech is the new applications, processes, products, or business models in the financial services industry, composed of one or more complementary financial services and provided as an end-to-end process via the internet.

Fintech

Indonesia

Pintu founder Jeth Soetoyo previously launched the stablecoin Rupiah Token.

Indonesian crypto exchange Pintu bags funding from Pantera Capital and Coinbase | KrASIA

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Indonesian crypto exchange Pintu bags funding from Pantera Capital and Coinbase

Spotlighting Asia&#039;s next wave of innovations.

KrASIA

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Daily Social

Linkaja

Investment

The acquisition comes after LinkAja raised more than USD 100 million in its Series B funding round.

LinkAja acquires agriculture-focused P2P lender iGrow | KrASIA

LinkAja acquires agriculture-focused P2P lender iGrow

Cryptocurrencies caught the attention of the Indonesian government as the daily transaction value reached USD 4.8 billion in February.

Indonesian government to tax crypto traders, eyeing trillions of rupiah by 2024 | KrASIA

Indonesian government to tax crypto traders, eyeing trillions of rupiah by 2024

Investors

Venture capital is a type of private equity, a form of financing that is provided by firms or funds to small, early-stage, emerging firms that are deemed to have high growth potential, or which have demonstrated high growth.

Venture Capital

VC firm Openspace Ventures earlier this month announced the closure of its third managed fund, raising USD 200 million, which brings the total capital under management to USD 425 million. Openspace director Ian Sikora told DailySocial that Indonesia is an important market, where they will continue to develop their presence.

Openspace Ventures targets Southeast Asia with its third fund | KrASIA

Openspace Ventures targets Southeast Asia with its third fund

Indonesian ride-hailing firm Gojek has experienced significant growth in the number of partners and users since its launch in Singapore at the end of 2018. This year, the decacorn wants to continue building on that.

In Singapore, Gojek plans for more driver partners and new features this year | KrASIA

In Singapore, Gojek plans for more driver partners and new features this year

Bukalapak

E-commerce is the activity of buying or selling of products on online services or over the Internet. 

E-Commerce

The company is signaling a move into the Philippine market. According to a Bloomberg report, Bukalapak has started exploring the possibility to go public on the Indonesian Stock Exchange (IDX), before embarking into the US markets, by merging with a special purpose acquisition company (SPAC).

Microsoft-backed Bukalapak considers US listing via SPAC | KrASIA

Microsoft-backed Bukalapak considers US listing via SPAC

An on-demand service platform connects waiting-time-sensitive customers with independent service providers.

On-Demand Services

Ride-hailing encompasses a range of companies and services, including traditional taxis and car services. 

Ride-hailing

The company plans to enter East Timor's food delivery market in 2021.

Indonesia's Telkom is growing its digital footprint overseas | KrASIA

Indonesia&#8217;s Telkom is growing its digital footprint overseas

We are open to that option and we are now preparing for it, said Bukalapak CEO Rachmat Kaimuddin.

Bukalapak is considering 2021 IPO after significant growth last year | KrASIA

Bukalapak is considering 2021 IPO after significant growth last year

They support early-stage startup in their quest to become sustainable businesses.