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Indonesian B2B startup Ula snags USD 20 million from B Capital and Quona
Ula helps store owners to better manage their inventory and finances.
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Female founders of 9 Japanese startups participated in the event that was held in collaboration with the Dell Women Entrepreneurship Network (DWEN).
Just like in China, the 'sea turtles' of Indonesia who return after lengthy stays abroad play significant roles in building new ventures in Southeast Asia.
A growing presence of digital banks in Indonesia will encourage innovation and digitalization of financial services, expert say.
Grab Financial increased its revenues by over 40% in 2020.
Nusantics is the first and only genome tech startup in Indonesia. The firm has also developed two generations of COVID-19 test kits, with a third on its way.
The startup says it has registered 3.5 million small merchants and retailers as of November 2020.
A frenzy of SPAC mergers took place in 2020. In the coming year, blank check companies may give Southeast Asian tech companies a route to new investors.
The company has ties to Bank Kesejahteraan Ekonomi (BKE), which is located in Central Jakarta's Menteng district.