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Top 50 Payments VC Funds & Investors in Indonesia (May 2026)

The most active venture capital funds investing in Indonesia Payments startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Indonesia Payments startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Convergence Ventures
VC Fund
5 Indonesia, Singapore, Taiwan Series A, Seed, Series B Financial Services, FinTech, Internet $120k–$27M
Insignia Ventures Partners
VC Fund
5 Indonesia, Singapore, Vietnam Seed, Series A, Series B Financial Services, FinTech, Information Technology $50k–$131M
East Ventures
VC Fund
4 Japan, Indonesia, Singapore Seed, Series A Software, Information Technology, E-Commerce $640k–$42M
Pegasus Tech Ventures
VC Fund
4 United States, Indonesia, Japan Seed, Series A Software, Artificial Intelligence, E-Commerce $250k–$27M
AC Ventures
VC Fund
4 Indonesia, Singapore, India Seed, Series A, Series B Financial Services, E-Commerce, FinTech $2M–$63M
Intudo Ventures
VC Fund
3 Indonesia, Singapore, Hong Kong Seed, Series A, Series B FinTech, Financial Services, Marketplace $500k–$54M
STRIVE
VC Fund
2 Japan, India, Indonesia Seed, Series A Software, Internet, SaaS $737k–$151M
Kejora Capital
VC Fund
2 Indonesia, Singapore, Malaysia Seed, Series B, Series A E-Commerce, Financial Services, Information Technology $15k–$170M
Two Culture Capital
VC Fund
2 United States, Mexico, India Seed, Pre-Seed, Series A FinTech, Financial Services, Information Technology $350k–$11M
Alameda Ventures
VC Fund
2 United States, Israel, Singapore Seed, Series A Cryptocurrency, Blockchain, FinTech
Mandiri Capital Indonesia (MCI)
VC Fund
2 Indonesia Series B, Series A, Seed FinTech, Financial Services, B2B $500k–$24M
International Finance Corporation
VC Fund
2 India, Brazil, United States Debt Financing, Series B Financial Services, FinTech, Finance $5M–$300M
BRI Ventures
VC Fund
2 Indonesia, Singapore, Taiwan Series B, Series A, Seed FinTech, Financial Services, B2B $4M–$53M
Alto Partners Multi-Family Office
VC Fund
2 Indonesia, Singapore, United States Series A, Seed, Series B FinTech, Financial Services, Software $450k–$42M
Castle Island Ventures
VC Fund
2 United States, India, Canada Seed, Series A, Pre-Seed Blockchain, Cryptocurrency, FinTech $125k–$50M
Genesia Ventures
VC Fund
2 Japan, Vietnam, Indonesia Seed, Series A Information Technology, Software, Content $1.5M–$55M
Global Brain Corporation
VC Fund
2 Japan, United States, United Kingdom Series B, Series A Information Technology, Software, Artificial Intelligence $4M–$247M
OCBC NISP Ventura
VC Fund
2 Indonesia Seed, Series A, Series B FinTech, Financial Services, E-Commerce $6M–$33M
Skystar Capital
VC Fund
2 Indonesia, Singapore, Vietnam Seed, Series A, Series B E-Commerce, Financial Services, FinTech $850k–$38M
Golden Gate Ventures
VC Fund
2 Singapore, Indonesia, Thailand Seed, Series A, Series B FinTech, E-Commerce, Financial Services $350k–$15M
Coinbase Ventures
VC Fund
2 United States, Singapore, India Seed, Series A Blockchain, Cryptocurrency, Financial Services $2M–$40M
Finch Capital
VC Fund
1 United Kingdom, The Netherlands, Indonesia Series A, Seed, Series B FinTech, Financial Services, Software $120k–$54M
Infinity Ventures Crypto
VC Fund
1 United States, Singapore, Philippines Seed, Pre-Seed Blockchain, Gaming, Cryptocurrency $680k–$6M
Amasia
VC Fund
1 United States, Singapore, Indonesia Seed, Series A, Series B E-Commerce, Software, Education $600k–$28M
RMK Ventures
VC Fund
1 Indonesia Series A SaaS, Payments, Software
Netflix
VC Fund
1 Indonesia, United Kingdom Seed Film, EdTech, Payments
Future Shape
VC Fund
1 United States, Indonesia, France Series B, Series A, Series C Information Technology, Software, Health Care $16M–$21M
Mercari
VC Fund
1 Japan, Indonesia Seed, Series A Internet, Online Portals, Financial Services $7.6M–$30M
Pantera Capital
VC Fund
1 United States, United Kingdom, Singapore Seed, Series A Blockchain, Cryptocurrency, Financial Services $1.5M–$50M
Tiger Global Management
VC Fund
1 United States, India, China Series B, Series A, Series C Software, FinTech, Financial Services $5M–$298M
Number Capital
VC Fund
1 Indonesia, India Seed, Pre-Seed SaaS, FinTech, Software
Accial Capital
VC Fund
1 Indonesia, Mexico, Colombia Debt Financing, Seed, Series A Financial Services, FinTech, Finance $10M–$45M
China Creation Ventures (CCV)
VC Fund
1 China, Taiwan, Nigeria Series A, Series B, Series C Artificial Intelligence, Financial Services, Software $2.9M–$100M
ACE & Company
VC Fund
1 United States, Switzerland, United Kingdom Seed, Series A Software, FinTech, Financial Services $150k–$26M
Blockchain.com Ventures
VC Fund
1 United States, United Kingdom, Japan Series A, Seed Blockchain, Cryptocurrency, FinTech $1.6M–$19M
AC Capital
VC Fund
1 United States, China, Canada Seed, Initial Coin Offering Blockchain, Gaming, Cryptocurrency $150k–$4M
Emtek Group
VC Fund
1 Indonesia, Singapore, Malaysia Series A, Series B E-Commerce, Internet, Graphic Design $3.8M–$45M
Spiral Ventures
VC Fund
1 Japan, India, Indonesia Series A, Seed, Series B E-Commerce, Internet, Information Technology $300k–$100M
Huobi
VC Fund
1 United States, Singapore, China Seed, Series A Blockchain, Cryptocurrency, Financial Services $1M–$18M
Capikris Foundation
VC Fund
1 Israel, Indonesia, Singapore Series C, Series A, Seed Health Care, Artificial Intelligence, Biotechnology $300k–$30M
Financial 360 Investment
VC Fund
1 Indonesia Seed FinTech, Software, E-Commerce
Cakra Ventures
VC Fund
1 Indonesia Seed FinTech, Cryptocurrency, Trading Platform
Partners for Growth
VC Fund
1 United States, Australia, United Arab Emirates Debt Financing, Post-IPO Debt Financial Services, Software, E-Commerce $1.1M–$50M
Gunung Sewu Group
VC Fund
1 Indonesia, New Zealand Series A, Seed, Series B Internet, Information Technology, E-Commerce $500k–$17M
Plum Ventures
VC Fund
1 China, United States, Japan Angel, Series A, Seed Software, E-Commerce, Internet $412k–$16M
Jianpu Technology
VC Fund
1 Indonesia Seed FinTech, Software, E-Commerce
ZhenFund
VC Fund
1 China, United States, Singapore Series A, Seed, Series B Artificial Intelligence, Software, E-Commerce $820k–$50M
Lightspeed Venture Partners
VC Fund
1 United States, India, Israel Series A, Series B, Seed Software, Information Technology, Enterprise Software $1.3M–$57M
Zero2IPO Ventures
VC Fund
1 China, India, Taiwan Series A, Series B, Angel E-Commerce, Internet, Education $137k–$42M
Openspace
VC Fund
1 Singapore, Indonesia, Philippines Series A, Series B, Series C E-Commerce, Financial Services, Information Technology $1.8M–$170M
Access all 99 VC funds in Indonesia Payments startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Convergence Ventures
VC Fund · Jakarta, Jakarta Raya, Indonesia · 5 investments in Indonesia Payments startups

Convergence Ventures is an early stage Indonesian VC firm focused on investing in the very best startups of Indonesia.

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Investment focus

  • Industry: Financial Services, FinTech, Internet
  • Stage:Series A, Seed, Series B
  • Geography: Indonesia, Singapore, Taiwan

Investor stats

  • Total investments: 51
  • Round size: Seed $120k–$3.8M; Series A $1.3M–$21M; Series B $7.5M–$27M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: May invest from a new fund soon — last raise in 2016

Portfolio highlights

  • Stockbit — Aplikasi saham untuk berdiskusi, analisa dan berinvestasi dengan harga real time, berita terkini, riset, data fundamental, charting, dan analytical tools yang lengkap
  • Pandemic Insights — Know and Manage Health Risk Anywhere
  • Kargo Technologies — Kargo adalah layanan logistik online yang menyediakan solusi pengiriman barang yang mudah, cepat, dan terpercaya. Temukan layanan yang dapat diandalkan untuk memenuhi kebutuhan pengiriman Anda.
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Insignia Ventures Partners
VC Fund · Singapore, Central Region, Singapore · 5 investments in Indonesia Payments startups, 11 in the past 12 months

Insignia Ventures Partners is a venture capital firm that specializes in startup investment. Insignia Ventures Partners is an investment firm managed by a former Sequoia Asia partner, Yinglan Tan.

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Investment focus

  • Industry: Financial Services, FinTech, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: Indonesia, Singapore, Vietnam

Investor stats

  • Total investments: 122
  • Round size: Seed $50k–$6.5M; Series A $4M–$20M; Series B $12M–$131M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Bloomo Investment — Bloomo Investment is a software company that specializes in the development of smart and fun investment apps.
  • BroilerX — BroilerX is a poultry tech startup offering precision, sustainable, and scalable poultry technology and business to smallholder poultry farmers. By having an extensive poultry farming experience and reliable smart poultry technology, we aim to enhance poultry output and work with the poultry farmers and farming practitioners to understand thechallenges they face then tap into smart technology for solutions. We have been working with poultry farmers on a contractual basis since 2020. We provide smart tech services and technical expertise, as well as live birds and feed supplies, while the poultry farmers provide the labor, housing, and utilities to support the birds. This benefits the farmers because it protects the poultry farmer from the risk of changing market prices for poultry and feed ingredients such as corn and soybean meal, which represents most of the cost of raising poultry and helps keeping the price of nutritious poultry affordable for millions of families and the foodservice industry in Indonesia.We proudly work with thousands of independent poultry farmers every day, bringing quality protein from family farms to family tables.
  • Story Protocol — Story Protocol is building open IP infrastructure to grow the creativity of the internet era.
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East Ventures
VC Fund · Tokyo, Tokyo, Japan · 4 investments in Indonesia Payments startups, 53 in the past 12 months

East Ventures is an early stage venture capital (VC) focused on Southeast Asia, Indonesia & Japan. Success cases include Tokopedia, Traveloka, and Mercari.

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Investment focus

  • Industry: Software, Information Technology, E-Commerce
  • Stage:Seed, Series A
  • Geography: Japan, Indonesia, Singapore

Investor stats

  • Total investments: 334
  • Round size: Seed $640k–$16M; Series A $2.1M–$42M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • SoLeLands — SoLeLands provides children with future-ready skills, virtues, and applied competences and inspires children to love learning.
  • Maka Motors — MAKA is dedicated to building the best electric motorcycles for Indonesian riders.
  • Zenith Learning Group — Zenith Learning Group's mission is to deliver a holistic, world-class education to learners across South East Asia through technology.
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Pegasus Tech Ventures
VC Fund · San Jose, California, United States · 4 investments in Indonesia Payments startups

Pegasus Tech Ventures is a global venture capital firm based in Silicon Valley, offering intellectual and financial capital to exceptional emerging technology companies around the world.

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Investment focus

  • Industry: Software, Artificial Intelligence, E-Commerce
  • Stage:Seed, Series A
  • Geography: United States, Indonesia, Japan

Investor stats

  • Total investments: 169
  • Round size: Seed $250k–$4.5M; Series A $2M–$27M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Xanadu — Xanadu is a Canadian quantum computing company with the mission to build quantum computers that are useful and accessible to people everywhere. Sign up for Xanadu Cloud today to access hardware, software, applications, and educational resources!
  • SmartHelio — SmartHelio wants to be the doctor for solar plants: we remotely diagnose existing problems, predict faults and prescribe solutions in real time. Our team is made up of highly skilled engineers and scientists with deep domain knowledge of solar technology and data science. The company has developed a cost effective Edge Computing IoT device(HelioHealth, FitBit for Solar), world’s first in its category, that collects and processes data at the panel level using its proprietary physics-based algorithms. SmartHelio provide a dashboard or fully integrate into the existing customers’ IT platform. SmartHelio is deploying AI on Edge devices to reduce the cost of data collection, storage, and processing without compromising the quality of analytics services. This empower energy developers and managers to maintain their assets consistently at a high-performance level with minimum human intervention. SmartHelio is able to generate 5% extra energy and optimize 30% of O&M effort.
  • DispatchHealth — DispatchHealth is a provider of mobile and virtual healthcare for people of all ages in the comfort of their own homes. DispatchHealt was founded in 2013 and was formerly known as True North Health Navigation. It aims to create an integrated, convenient, triage, and care delivery solution that extends the capabilities of the patient's careteam and provides quality care in the home while decreasing costs.It was founded in 2013 and headquartered in Denver, Colorado.
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AC Ventures
VC Fund · Jakarta, Jakarta Raya, Indonesia · 4 investments in Indonesia Payments startups, 13 in the past 12 months

AC Ventures is an early-stage technology venture fund that focuses on investing in Indonesia’s digital disruptors. Their mission is to partner and support their entrepreneurs with more than capital, combining their operating experience, industry knowledge, and deep local network to bring value. The company was founded in 2020 and is based inJakarta, Indonesia.

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Investment focus

  • Industry: Financial Services, E-Commerce, FinTech
  • Stage:Seed, Series A, Series B
  • Geography: Indonesia, Singapore, India

Investor stats

  • Total investments: 88
  • Round size: Seed $2M–$7M; Series A $4M–$31M; Series B $12M–$63M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely still investing — raised $250M in 2022

Portfolio highlights

  • GoodGudi — GoodGudi is a Lifestyle retail shopping destination. Our Stores sell Travel Accessories, Fashion Accessories, Home Improvement products, Toys and Cosmetics
  • Vantient — Bring your people together with engaging experiences, and collect zero-party data consentingly. Build trusted data relationships with your community.
  • Simplus — Simplus offers customers more fashionable and cost-effective small home appliances.
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Intudo Ventures
VC Fund · Jakarta, Jakarta Raya, Indonesia · 3 investments in Indonesia Payments startups, 6 in the past 12 months

Intudo Ventures is an "Indonesia-only" venture capital firm with a concentrated portfolio approach capitalizing on the rapid growth of private consumption and the rising middle class in Indonesia.

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Investment focus

  • Industry: FinTech, Financial Services, Marketplace
  • Stage:Seed, Series A, Series B
  • Geography: Indonesia, Singapore, Hong Kong

Investor stats

  • Total investments: 41
  • Round size: Seed $500k–$3.7M; Series A $3.3M–$20M; Series B $6.5M–$54M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • iSeller — iSeller is an information technology company located in Jakarta.
  • Coldspace — Comprehensive end-to-end integrated cold chain solution for your business needs. Our services include on-demand cold storage, reefer trucks, fulfillment services, and contract logistics/managed cold chain services. Ensure your products' freshness and integrity throughout the supply chain with our reliable and efficient solutions
  • Slice Group — Slice is a creator management solution that helps agencies and brands manage creator relationships. Our integrated CRM platform simplifies reporting, payments, and relationships for sponsored brand content.In turn, creators will generate more income and be able to transition to full-time content creators and entrepreneurs using future Slice toolsand integrations.
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STRIVE
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Indonesia Payments startups

STRIVE focuses on investing in early-stage (Seed to Series A) internet and mobile companies. It seeks out companies in Japan, Southeast Asia, and India with top-notch management teams and strong market potential. It is not tied to strategic investments for GREE Inc. and leverages its pan-Asia expertise for guiding its portfolio in an engaged,hands-on role.

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Investment focus

  • Industry: Software, Internet, SaaS
  • Stage:Seed, Series A
  • Geography: Japan, India, Indonesia

Investor stats

  • Total investments: 126
  • Round size: Seed $737k–$32M; Series A $2M–$151M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Bytebeam — Accelerate your IoT initiatives with Bytebeam - our platform makes it 10X simpler and quicker to build cutting-edge smart products
  • Showroom B2B — SHOWROOM B2B is building the largest B2B “Phygital” platform for India’s $108 Bn fashion industry by connecting Tier 2+ clothing retailers directly with small to mid-scale apparel manufacturers and providing all parties with solutions for distribution, credit, logistics, and marketing.Showroom works on “Touch & Feel” mode of selling where itsunique distribution model ensures that there is almost NO RETURN of products sold. It creates Experience Centres for its retailers which gives them the confidence to buy without any iota of doubt about product quality.Showroom's offerings = Better Margins for Clothing Retailers + Aggressive Growth for Clothing Manufacturers
  • Testsigma — Powerful open source test automation platform that lets you automate tests for web, mobile, desktop apps, and APIs in minutes. Sign up for free today.
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Kejora Capital
VC Fund · Jakarta, Jakarta Raya, Indonesia · 2 investments in Indonesia Payments startups

We are the catalyst for Asia’s brightest founders to build successful, high-growth leading companies across the region. Founded in 2014, Kejora is the leading venture capital firm that operates in the largest tech ecosystem in Southeast Asia. Since operating, Kejora has invested in over 35 startups in Asia and created more than 91,000 jobsglobally. We are continuously focused on investing, building, and growing highly scalable businesses.

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Investment focus

  • Industry: E-Commerce, Financial Services, Information Technology
  • Stage:Seed, Series B, Series A
  • Geography: Indonesia, Singapore, Malaysia

Investor stats

  • Total investments: 27
  • Round size: Seed $15k–$5M; Series A $40M–$50M; Series B $30M–$170M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: May invest from a new fund soon — raised $30M in 2020

Portfolio highlights

  • Graas — Graas uses predictive AI to scale revenue and drive profitable growth for eCommerce businesses
  • Asaren — The First DNA Test Service at Affordable Prices, Diversity of Reports About Lifestyle is displayed in an Easy-to-Under App. You Can Get it Only in Asa Ren
  • H2O Hospitality — H2O Hospitality is a hospitality technology company that offers hotel digital management solutions and services.
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Two Culture Capital
VC Fund · Dublin, Dublin, Ireland · 2 investments in Indonesia Payments startups, 8 in the past 12 months

The art and science of entrepreneurship

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Investment focus

  • Industry: FinTech, Financial Services, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Mexico, India

Investor stats

  • Total investments: 72
  • Round size: Seed $1.1M–$10M; Pre-Seed $350k–$7.7M; Series A $6.9M–$11M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • Figuro — Figuro is reshaping the brokerage channel for insurance companies in LATAM by transforming how insurance is bought, sold and designed. That means no more photocopies, no printed forms, no waiting for hours or days to get a quote or a policy. Today, more than 60% of insurance sales in the region are made through a channel that hasn't changed in50 years, that relies mostly on human activity, paper or Excel -for the innovators-. We are more effective and efficient than any other traditional broker in the market for individuals and families.
  • Trebellar — Trebellar provides advanced data analytics for building occupancy, energy efficiency, and climate optimization. Maximize your workplace productivity with our intelligent building solutions.
  • Operant — Operant.AI is an intelligence platform for collection agents and customer success teams.
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Alameda Ventures
VC Fund · 2 investments in Indonesia Payments startups

investor

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Investment focus

  • Industry: Cryptocurrency, Blockchain, FinTech
  • Stage:Seed, Series A
  • Geography: United States, Israel, Singapore

Investor stats

  • Total investments: 23
  • Lead/follow: no public data

Portfolio highlights

  • Kollider — Kollider build tools and services to make financial markets available to everyone, across borders, instantly and simply using Bitcoin’s Lightning Network.
  • LiveArtX — LiveArtX is a premium NFT platform that connects the art world with web3. Built by art industry leaders, LiveArtX brings creators, collaborators, and collectors into the metaverse.
  • Coinshift — Coinshift is a crypto treasury management platform that helps businesses and decentralized autonomous organizations (DAO's) manage their crypto easily and empowers users to collaborate and approve transactions, execute mass pay-outs, etc.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Mandiri Capital Indonesia (MCI)
VC Fund · Jakarta, Jakarta Raya, Indonesia · 2 investments in Indonesia Payments startups

Mandiri Capital Indonesia (MCI) is a Corporate Venture Capital arm of Bank Mandiri, the largest integrated financial service group in Indonesia with US$70 B+ Assets, 20 M+ Retail Customers, 5 K+ outlets, and more than 7 international offices.MCI is highly strategic and agile investors predominantly within financial service industry in Indonesiaby facilitating enterprise partnerships between portfolio startup and Bank Mandiri Group network of 20+ strategic subsidiaries and business units in assist startups to be the next global players.

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Investment focus

  • Industry: FinTech, Financial Services, B2B
  • Stage:Series B, Series A, Seed
  • Geography: Indonesia

Investor stats

  • Total investments: 25
  • Round size: Seed $500k–$2M; Series A $1M–$17M; Series B $9M–$24M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: May invest from a new fund soon — last raise in 2015

Portfolio highlights

  • Mekari — Transformasi bisnis Anda dengan software terintegrasi Mekari. Efisienkan proses bisnis & tingkatkan produktivitas karyawan Anda sekarang!
  • AgriAku — 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 offerscomplete agricultural equipment such as seeds, fertilizers, agrochemicals to agro equipment.
  • iSeller — iSeller is an information technology company located in Jakarta.
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International Finance Corporation
VC Fund · Washington, District of Columbia, United States · 2 investments in Indonesia Payments startups, 26 in the past 12 months

A strong and engaged private sector is indispensible to ending extreme poverty and boosting shared prosperity. That's where IFC comes in - we have more than 60 years experience in unlocking private investment, creating markets and opportunities where they are needed most.

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Investment focus

  • Industry: Financial Services, FinTech, Finance
  • Stage:Debt Financing, Series B
  • Geography: India, Brazil, United States

Investor stats

  • Total investments: 255
  • Round size: Series B $5M–$30M; Debt Financing $20M–$300M
  • Lead/follow: 53% lead, 47% follow
  • Last fund: May invest from a new fund soon — last raise in 2016

Portfolio highlights

  • SteinCares — SteinCares is a supplier of specialty healthcare products, such as complex generics, biosimilars, and cutting-edge pharmaceuticals.
  • Veritas Finance — Veritas Finance focuses on meeting the financial needs of the micro, small, and medium enterprises. Veritas Finance Private Limited is an organization started with the primary intention of reaching out to the customers who either have no access or inadequate access to financial services in the informal sector. 'Veritas' in Latin meanstruth. True to its name, Veritas is focused on making a true impact through inclusive access to financial services on the customers engaged in informal activities.The company is run by professionals with rich experience in the financial services industry that aims to make availing credit easy to this segment and make a positive impact on the lives of millions of Indians engaged in informal activities and who actually build the nation.
  • Mahindra Last Mile Mobility — Mile Mobility is a division of M&M that is in charge of the company's well-known mix of petrol, CNG, diesel, and electric last mile mobility 3- and 4-wheelers - passenger and freight vehicles.
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BRI Ventures
VC Fund · Jakarta, Jakarta Raya, Indonesia · 2 investments in Indonesia Payments startups

BRI Ventures is the Corporate Venture Capital of Bank BRI. Through investments in innovative companies, we are the engine of growth for BRI Group. We aim to be the leading regional venture capital in financial technology and set to achieve our goal with accelerating Indonesia's financial inclusion and digital economy society by empowering thestart-up ecosystem.Backed by Bank BRI’s network and experience in the financial sector, BRI Ventures aim to support the entrepreneurs in accelerating Indonesia’s economic growth.

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Investment focus

  • Industry: FinTech, Financial Services, B2B
  • Stage:Series B, Series A, Seed
  • Geography: Indonesia, Singapore, Taiwan

Investor stats

  • Total investments: 30
  • Round size: Seed $4M–$15M; Series B $53M–$53M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: May invest from a new fund soon — raised $19M in 2020

Portfolio highlights

  • FishLog — FishLog is fisheries supply chains ecosystem. Our vision is to transform fragmented fisheries supply chains into an integrated and efficient ecosystem with reliable solutions that create value along fisheries network. Our mission is to be the largest fisheries network in Indonesia. Offer complete fisheries post-harvest management services. Creatinga transparant, fair-trade and sustainable transaction along fisheries ecosystem with all stakeholders in our network.
  • Bang Jamin — Bang Jamin offers all-encompassing services and an AI-powered insurance buying and claims process.
  • Beleaf — Beleaf is currently located in Bogor, Indonesia, and operates as a hydroponic farm.
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Alto Partners Multi-Family Office
VC Fund · Singapore, Central Region, Singapore · 2 investments in Indonesia Payments startups

Alto Partners is the first Multi-Family Office founded by and for Asia’s entrepreneurs.​​ Since our establishment in 2013, we have invested in dozens of Southeast Asia's leading founders. ​Many entrepreneurs we backed with our financial and strategic capital have become Asia's most celebrated success stories.​​As we achieve exitsalongside founders, we become the family office of choice for new entrepreneurial wealth, which is often re-invested into next generation start-ups. ​This entrepreneur-focused cycle of venture funding, exits and re-investment underpins the growth of our family office, which today includes the founders of Gojek, Bank Jago, Kopi Kenangan, ​Jobstreet, Northstar and others from Asia's venture ecosystem. ​​

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Investment focus

  • Industry: FinTech, Financial Services, Software
  • Stage:Series A, Seed, Series B
  • Geography: Indonesia, Singapore, United States

Investor stats

  • Total investments: 74
  • Round size: Seed $450k–$11M; Series A $1M–$42M; Series B $10M–$40M
  • Lead/follow: 1% lead, 99% follow

Portfolio highlights

  • Aman — Aman provides modern technology for growing companies to set up and manage their employee benefits, simplifying complexity of benefit administation and delivering a world-class experience. Our platform enables companies to competitively recruit, engage and retain top talents.
  • AgriAku — 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 offerscomplete agricultural equipment such as seeds, fertilizers, agrochemicals to agro equipment.
  • Nafas — Nafas is simple people need to be aware of the air they breathe, and the impact that the quality of air has on their health and their life.
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Castle Island Ventures
VC Fund · Cambridge, Massachusetts, United States · 2 investments in Indonesia Payments startups, 10 in the past 12 months

Castle Island Ventures is a Cambridge, MA based early stage venture firm investing in startups building in the public blockchain industry.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, India, Canada

Investor stats

  • Total investments: 79
  • Round size: Seed $1.5M–$7M; Pre-Seed $125k–$2M; Series A $6M–$50M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely still investing — raised $250M in 2022

Portfolio highlights

  • PYOR — PYOR has extensive expertise building in crypto and has played major roles in the creation of several large Indian unicorns, as well as extensive experience in global blue chip organisations.
  • Andrena — Andrena is a developer of an internet distribution platform designed to offer high-speed internet at reduced costs.The company works directly with internet providers who provide internet for universities, hospitals, financial services and other users with heavy data needs and leverage their existing fiber networks to deploy a series of antennas toblanket a geography with internet access, allowing customers and businesses to tap into a faster network wirelessly.
  • CAT Labs — CATLABS.IO - Building Digital Asset Recovery and Cybersecurity Tools to Enable Public and Private Sector Customers to Fight Crypto-Enabled Crime
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Genesia Ventures
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Indonesia Payments startups, 10 in the past 12 months

Genesia Ventures is a venture capital firm focused on seed/early-stage startups in Japan and Southeast Asia.

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Investment focus

  • Industry: Information Technology, Software, Content
  • Stage:Seed, Series A
  • Geography: Japan, Vietnam, Indonesia

Investor stats

  • Total investments: 122
  • Round size: Seed $1.6M–$21M; Series A $1.5M–$55M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: Likely still investing — raised $110M in 2022

Portfolio highlights

  • YourTrade — YourTrade helps cross-border e-commerce companies to resale rejected goods and backlogged inventory from overseas sales through local sales channels.It also provides services such as collection and inspection of returned items, as well as resale through local sales channels.
  • UMAMI UNITED — Umami United is a plant-based food brand with unique focus on Japanese food technologies and traditional ingredients to make delicious and healthy food to unite people at one table. The wide lineups are designed to be vegan-friendly, buddhist friendly, and halal friendly for all.
  • Friend Microbe — Friend Mike Robe is Developing new market with microbe-related technology
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Global Brain Corporation
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Indonesia Payments startups, 54 in the past 12 months

Global Brain Corporation is a venture capital firm that invests in companies from seed or early to pre-IPO startups. Global Brain has invested in 300+ startups from seed/early to pre-IPO startups and achieved 25 IPOs and 61 M&As as a result of providing hands-on support services and resources to its portfolio startups. Global Brain hasmanaged a pure investment fund as well as multiple corporate venture capital funds partnered together with tier 1 public companies of telecom, real estate development, financial service, beverages, agriculture food, logistics, and electronic devices.

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Investment focus

  • Industry: Information Technology, Software, Artificial Intelligence
  • Stage:Series B, Series A
  • Geography: Japan, United States, United Kingdom

Investor stats

  • Total investments: 312
  • Round size: Series A $4M–$165M; Series B $10M–$247M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Josys — Josys is an IT device and SaaS integrated management service that automates analog operations in corporate IT, reduces operational costs, and improves security levels.
  • Spiral.AI — Spiral.AI offers services for large language models, AI language model platform, and customization features for ChatGPT for businesses.
  • Pathos Logos — Pathos Logos is an HR co-creation platform that specializes in sales of SaaS and supply of human resources for corporations.
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OCBC NISP Ventura
VC Fund · Jakarta, Jakarta Raya, Indonesia · 2 investments in Indonesia Payments startups

Venture Capital arm of Bank OCBC NISP focusing on early stage investment in Indonesia

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Investment focus

  • Industry: FinTech, Financial Services, E-Commerce
  • Stage:Seed, Series A, Series B
  • Geography: Indonesia

Investor stats

  • Total investments: 14
  • Round size: Series A $7.8M–$12M; Series B $6M–$33M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • AwanTunai — AwanTunai seek to reinforce Indonesian needs and productivity by providing digital loan for a better financial freedom and capability to micro-entrepreneurs
  • USS Networks — USS Networks is a content network focused on contemporary lifestyle and youth culture. USS Networks' mission is to bridge the gap between youths, brands, and new trends that are always improving.
  • EdenFarm Indonesia — EdenFarm Indonesia merupakan Start Up B2B, Pemasok bahan makanan mulai dari produk segar hingga sembako untuk restoran, warung nasi, hingga toko grosir.Menjual berbagai bahan pangan untuk usahamu mulai dari restoran hingga warung nasi
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Skystar Capital
VC Fund · Jakarta, Jakarta Raya, Indonesia · 2 investments in Indonesia Payments startups

We are Skystar Capital, an early-stage VC firm committed to supporting tech entrepreneurs to create a lasting and profound positive difference in Southeast Asia and Indonesia.

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Investment focus

  • Industry: E-Commerce, Financial Services, FinTech
  • Stage:Seed, Series A, Series B
  • Geography: Indonesia, Singapore, Vietnam

Investor stats

  • Total investments: 42
  • Round size: Seed $850k–$38M; Series A $2.1M–$11M; Series B $6M–$12M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • Komunal — Komunal is a financial technology-based company that provides Peer-to-Peer Lending services in Indonesia which helps create relationships between potential SME and funders to support economic growth in Indonesia.
  • Rekosistem — Rekosistem is a climate-tech startup that provides waste management and recycling services to optimise the waste value chain.
  • Maka Motors — MAKA is dedicated to building the best electric motorcycles for Indonesian riders.
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Golden Gate Ventures
VC Fund · Singapore, Central Region, Singapore · 2 investments in Indonesia Payments startups

Golden Gate Ventures is a venture capital firm investing across Southeast Asia. Since 2011, the firm has launched four funds, managed US$250M AUM, and invested in 60+ companies in over 7 countries in Asia. The firm focuses on investing in technology companies driven by the rising consumer class in Southeast Asia.

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Investment focus

  • Industry: FinTech, E-Commerce, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: Singapore, Indonesia, Thailand

Investor stats

  • Total investments: 115
  • Round size: Seed $350k–$3.5M; Series A $1.3M–$15M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • 13o3 — 13o3 is a boutique investment firm specializing in providing tailored solutions to complex and sophisticated business challenges for discerning clientele, mainly high-profile individuals. Launched in 2013 and founded by Asfand Yar Saeed, the company operates under the
  • Locofy — Locofy provides a service that converts designs into code. Locofy.ai aims to take away the menial work of engineers without adding complexity i.e. automating 50% or more of the current workflow starting with frontend code, allowing teams to convert their designs to code and an interactive and responsive live prototype (that runs on code), withoutwriting a single line of code.
  • Yisheng — Yisheng is a digital service platform for door-to-door car washing.
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Coinbase Ventures
VC Fund · San Francisco, California, United States · 2 investments in Indonesia Payments startups, 40 in the past 12 months

Coinbase Ventures is an investment arm of Coinbase that aims to invest in seed-stage cryptocurrency and blockchain startups. The company was founded in 2018 and is based in San Francisco, California, United States.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A
  • Geography: United States, Singapore, India

Investor stats

  • Total investments: 258
  • Round size: Seed $2M–$7.5M; Series A $4.2M–$40M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: May invest from a new fund soon — raised $15M in 2018

Portfolio highlights

  • FirstMate — FirstMate is a software company that designs and develops software tools for NFT creators.
  • Rocket Pool — Your friendly decentralised Ethereum staking protocol
  • Mountain Protocol — At Mountain Protocol, we believe that everyone deserves access to the "risk-free rate" through a secure, regulated, and enterprise-grade product that elevates the world finance industry. Our yield-bearing stablecoin, USDM, provides permissionless composability, regulatory compliance, and an enterprise-grade setup with a seamless userexperience. Backed by US Treasuries and custodied by Fidelity in a bankruptcy-remote setup.
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Finch Capital
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Indonesia Payments startups

Backing entrepreneurs to build Financial Technology market leaders in Europe and South East Asia. Finch Capital invests in financial services, real estate tech, insurance tech, etc.

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Investment focus

  • Industry: FinTech, Financial Services, Software
  • Stage:Series A, Seed, Series B
  • Geography: United Kingdom, The Netherlands, Indonesia

Investor stats

  • Total investments: 72
  • Round size: Seed $120k–$5.4M; Series A $2.7M–$15M; Series B $6.9M–$54M
  • Lead/follow: 53% lead, 47% follow
  • Last fund: May invest from a new fund soon — raised $161M in 2021

Portfolio highlights

  • eflow — Regulatory Compliance solutions for Market Abuse, Best Execution and Regulatory Reporting. Trade Surveillance, Regulatory Reporting and Trade Lifecycle Management.
  • NomuPay — NomuPay's Unified Payments Platform provides local acceptance and payouts in Southeast Asia, Europe and Turkey via a single system integration.
  • Fourthline — Comply with KYC and AML regulations throughout the customer lifecycle with Fourthline's bank-grade identity platform.
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Infinity Ventures Crypto
VC Fund · 1 investments in Indonesia Payments startups, 14 in the past 12 months

Who we are We are investors and entrepreneurs helping define the next generation of Blockchain startups. Our Focus Passionate founders. Disruptive models. Borderless markets. Exponential effects. Our Geography Starting from...

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Investment focus

  • Industry: Blockchain, Gaming, Cryptocurrency
  • Stage:Seed, Pre-Seed
  • Geography: United States, Singapore, Philippines

Investor stats

  • Total investments: 91
  • Round size: Seed $2M–$6M; Pre-Seed $680k–$3.6M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Web3Go — Web3Go is a blockchain startup that provides data tools powered by artificial intelligence.
  • MetaZone — MetaZone's mission is to harness and expand the application layer of the metaverse to onboard a billion citizens. MetaZone is the first content distribution platform designed to facilitate the open digital economy. At its core, creators submit Metaverse Enabled Tokenized Applications (METAs) to the marketplace, allowing anyone to own,experience, and deploy them to any virtual world. Anyone connected to the platform can host high-quality functional 3D content on digital lands with the click of a few buttons.
  • Utopia Labs — Trusted by leading DAOs to streamline operations, manage payroll, and consolidate financial reporting.
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Amasia
VC Fund · Burlingame, California, United States · 1 investments in Indonesia Payments startups

We fund businesses tackling the biggest global challenges of our time.

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Investment focus

  • Industry: E-Commerce, Software, Education
  • Stage:Seed, Series A, Series B
  • Geography: United States, Singapore, Indonesia

Investor stats

  • Total investments: 89
  • Round size: Seed $600k–$4.5M; Series A $1.6M–$20M; Series B $6M–$28M
  • Lead/follow: 21% lead, 79% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Commons — Joro empowers people to take climate action that matters. Through an intuitive app, people can manage their carbon footprint based on how they spend money, develop a climate action practice, and build community to tackle the biggest crisis of our generation.
  • Poko — Enable local payments and successful onramping for wallets, NFT marketplaces, web3 games, and dApps globally.
  • Clarity Movement — Clarity Movement is a team of passionate engineers and scientists focused on making a positive impact in the world by tackling the global air pollution crisis. They leverage their expertise in air sensing technology, IoT devices, and data analytics to create solutions that empower communities to make more informed decisions and improve the qualityof life. Having successfully developed the world’s most accurate low-cost particulate matter sensor, Clarity is now deploying the next generation of dense air quality monitoring networks around the world to build smarter cities through smarter data.
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RMK Ventures
VC Fund · Columbia, South Carolina, United States · 1 investments in Indonesia Payments startups

RMK Ventures

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Investment focus

  • Industry: SaaS, Payments, Software
  • Stage:Series A
  • Geography: Indonesia

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • TADA — Increase customer satisfaction and loyalty to your business using loyalty & rewards solutions that are supported by an integrated digital platform
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Netflix
VC Fund · Los Gatos, California, United States · 1 investments in Indonesia Payments startups

Watch Netflix movies & TV shows online or stream right to your smart TV, game console, PC, Mac, mobile, tablet and more.

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Investment focus

  • Industry: Film, EdTech, Payments
  • Stage:Seed
  • Geography: Indonesia, United Kingdom

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Milk VFX — Explore our latest work, watch our showreels and find out what makes us Milk VFX.
  • Infradigital — IDN is the fastest growing B2B school platform in Indonesia, providing data & financial services to thousands of schools and hundreds of thousands of students across the country.
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Future Shape
VC Fund · Paris, Ile-de-France, France · 1 investments in Indonesia Payments startups

Out of the lab and into our lives.

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Investment focus

  • Industry: Information Technology, Software, Health Care
  • Stage:Series B, Series A, Series C
  • Geography: United States, Indonesia, France

Investor stats

  • Total investments: 32
  • Round size: Series A $16M–$21M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Lumafield — Lumafield's easy-to-use CT scanner and cloud-based software give engineers the ability to see their work clearly, inside and out.
  • Edda — Software Suite for Venture Capital, Corporate Venture Private Equity, Family Offices & Investment Bank Manage your dealflow, support your portfolio companies, track your performances in real-time and raise your next fund with edda.
  • Ambient Photonics — Ambient's low-light solar PV cells harness power from ambient light, eliminating batteries & reducing connected IoT device carbon footprints.
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Mercari
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Indonesia Payments startups

Mercari is your marketplace. It's the perfect place to declutter and discover items that are uniquely you. Say 'goodbye' to your old go-tos and 'hello' to one-of-a-kind treasures.

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Investment focus

  • Industry: Internet, Online Portals, Financial Services
  • Stage:Seed, Series A
  • Geography: Japan, Indonesia

Investor stats

  • Total investments: 10
  • Round size: Seed $7.6M–$30M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • AMI Corp — AMI Corp is engaged in medical consulting, medical device development and writing.
  • Meetscare — Meetscare provides correct information and supports the self-awareness of all people involved in care. The company provides a wealth of information to ensure optimal care and create a mechanism for the realization. Users can make a telephone consultation and web diagnosis and search for free information using the system.Meetscare was founded on2016 and is headquartered in Arakawa, Tokyo.
  • Infradigital — IDN is the fastest growing B2B school platform in Indonesia, providing data & financial services to thousands of schools and hundreds of thousands of students across the country.
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Pantera Capital
VC Fund · Menlo Park, California, United States · 1 investments in Indonesia Payments startups, 15 in the past 12 months

Pantera Capital is an investment firm focused exclusively on Bitcoin, other digital currencies, and companies in the space. The company believes that Bitcoin has the potential to transform the way people use money and that it will do for payments what the Internet has done for communications and commerce.Until 2014, Pantera focused on globalmacro hedge fund investments. The firm was founded in 2003 by Dan Morehead, who was a chief financial officer and head of Macro Trading at Tiger Management. The firm has since shifted its investment advisory services to focus exclusively on Bitcoin, other digital currencies, and companies in the space.Shareholders include Benchmark, Fortress Investment Group, and Ribbit Capital.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A
  • Geography: United States, United Kingdom, Singapore

Investor stats

  • Total investments: 185
  • Round size: Seed $1.5M–$8.3M; Series A $5M–$50M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Brine.fi — The best onchain spot trading crypto exchange
  • Florida Street — PIXEL GG INC.
  • Maverick Protocol — Trade. Earn. Any Asset. Stop paying for price discovery. Enjoy higher capital efficiency.
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Tiger Global Management
VC Fund · New York, New York, United States · 1 investments in Indonesia Payments startups, 45 in the past 12 months

Tiger Global Management is an investment firm that deploys capital globally.Tiger Global seeks to earn superior risk-adjusted returns for its investors over the long term. The firm’s fundamentally oriented investments focus primarily on the global Internet, technology, telecom, media consumer, and industrial sectors. The private equity strategyhas a ten-year investment horizon and targets growth-oriented private companies. The public equity efforts emphasize deep due diligence on individual companies and long-term secular themes.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Series B, Series A, Series C
  • Geography: United States, India, China

Investor stats

  • Total investments: 767
  • Round size: Series A $5M–$35M; Series B $15M–$100M; Series C $20M–$298M
  • Lead/follow: 60% lead, 40% follow
  • Last fund: Likely still investing — raised $13B in 2022

Portfolio highlights

  • JOKR — Grocery shopping is easier now with JOKR, your instant delivery app. Order your groceries and favorite products in our online supermarket and get them instantly at your door. Download the app now and make your first grocery order on us. Available in IOs and Android. Access www.jokr.com for more info
  • Databricks — Databricks combines data warehouses & data lakes into a lakehouse architecture. Collaborate on all of your data, analytics & AI workloads using one platform.
  • Harbinger — Founded by veterans of Canoo and Faraday Future, Harbinger is an automotive company that develops EV platforms optimized for medium-duty trucks and delivery vans.
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Number Capital
VC Fund · 1 investments in Indonesia Payments startups

Number Capital is an investment firm.

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Investment focus

  • Industry: SaaS, FinTech, Software
  • Stage:Seed, Pre-Seed
  • Geography: Indonesia, India

Investor stats

  • Total investments: 7
  • Lead/follow: no public data

Portfolio highlights

  • Proglix — Proglix is ​​a goods procurement platform for raw materials and finished industrial goods.
  • Fieldproxy — Fieldproxy is the best field service management software to automate your field teams. Click here to get a free trial
  • Fresh Factory — Fresh Factory runs a web of hyperlocal cold-chain fulfilment centers in Indonesia.
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Accial Capital
VC Fund · Cambridge, Massachusetts, United States · 1 investments in Indonesia Payments startups

Accial Capital is an impact-focused, tech-enabled investor in small business and consumer loan portfolios in Latin America and South East Asia. Accial Capital combines data, technology, capital and credit expertise to contribute to a world of widespread credit access and financial health.

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Investment focus

  • Industry: Financial Services, FinTech, Finance
  • Stage:Debt Financing, Seed, Series A
  • Geography: Indonesia, Mexico, Colombia

Investor stats

  • Total investments: 12
  • Round size: Debt Financing $10M–$45M
  • Lead/follow: 75% lead, 25% follow

Portfolio highlights

  • Vexi — Vexi issues, operates and processes credit cards for young underbanked population on a mission to make credit accessible, through a 100% digital onboarding and unparalleled customer experience
  • Volopay — Volopay gives you control over your company's payments, expenses, budgets, and accounting. The best alternative for your business account. Join the hundreds of companies that trust Volopay.
  • Investree — Mari bergabung menjadi Lender di Investree serta berdayakan UKM Indonesia, dengan pendanaan berasuransi dan dapatkan imbal hasil hingga 20% per tahun.
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China Creation Ventures (CCV)
VC Fund · Beijing, Beijing, China · 1 investments in Indonesia Payments startups

China Creation Ventures (CCV) was founded by the former KPCB China Managing Partner, Wei Zhou, and his TMT investment team of many years in KPCB China. With the majority of members from KPCB China, CCV has developed deep domain expertise and insight in the TMT industry. The companies they invested at early stage include JD.com (NASDAQ:JD),CreditEase (NYSE:YRD), Rong360 (NYSE:JT), ID5.com, Himalaya FM, Tan Tan Mobile Social (acquired by Momo, NASDAQ: MOMO), VenusTech (SZ:002439), Manzuo.com (acquired by SuNing), Miaopai Mobile Video (Yixia.com), ULUCU (NEEQ:837110), Miaozhen Systems, Asia Innovation Group, Meican.com, Scinor Water (acquired by TRCE:300332), KJY Water (NEEQ:835159), Arrail Dental, etc. Many of the CCV’s portfolio have seen significant business growth and closed a new round of financing, including JD Digit, Wanka Online (HKSE:1762), Perfect Corp, Perfect, Ice Kredit, Zuzuche, Veer VR, Menya, Bizvane, Joyrun, Cowa Robot, Lomotif, Dingdong Class, Shukun Technology, Yunhu Health, etc.

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Investment focus

  • Industry: Artificial Intelligence, Financial Services, Software
  • Stage:Series A, Series B, Series C
  • Geography: China, Taiwan, Nigeria

Investor stats

  • Total investments: 65
  • Round size: Series A $2.9M–$100M; Series B $10M–$30M; Series C $100M–$100M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: May invest from a new fund soon — raised $316M in 2018

Portfolio highlights

  • Aventurier — Aventurier offers cleaning robots that relieve workers of repetitive cleaning jobs while drastically increasing the efficiency and intelligence of cleaning operations.
  • CMind-SEMI — CMind is committed to becoming the new global leader in smartphone communication chips by concentrating on 4G and 5G advanced wireless communication chips and complete solutions.
  • U Power — U Power is an intelligent electric vehicle company that builds cars for scenarios. It aims to enable scenario owners to define cars through standardized UP super chassis and to achieve Car as a Service. The company is headquartered in Xuhui District, Shanghai, China.
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ACE & Company
VC Fund · Geneva, Geneve, Switzerland · 1 investments in Indonesia Payments startups, 8 in the past 12 months

ACE & Company (“ACE”), founded in 2005, is a global investment group specialized in private investments with total assets of over $1.6 bn across three investment strategies and investment solutions. With headquarters in Geneva and offices in London, New York, and Cairo, ACE’s global presence brings the company in direct contact with sourcingpartners, investment firms, as well as entrepreneurs and provides investors unparalleled access to a network of opportunities. ACE’s passion is for finding investment opportunities where we have an advantage through many years of relationship building, a carefully developed position of knowledge in the sectors which we are active, and a culture of efficiency to gain first mover’s advantage. ACE’s purpose is to offer investors a long-term and collaborative investment approach that values honesty, transparency and rigorous execution, so that our strategies not only provide unique access to value accretive, risk-managed deals, but fosters what we consider our bedrock—trust.ACE’s progress has been marked by a globally respected track record since the Company was founded in 2005. In the last four years we have increased our total assets by fivefold and in 2017 received the Swiss Financial Supervisory Authority (FINMA) authorization.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Seed, Series A
  • Geography: United States, Switzerland, United Kingdom

Investor stats

  • Total investments: 176
  • Round size: Seed $150k–$5.8M; Series A $3M–$26M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • DePoly — DePoly is a spin off out of the LSMO lab at EPFL- Valais that has developed a novel technology allowing for the chemical recycling of PET plastic back to its main two components ethylene glycol (EG) and terephthalic acid (TPA). Our approach turns low valued materials (PET waste) into high-valued chemicals like TPA creating a circular economy. Weexpect this process to generate revenue from chemically recycling PET to TPA/EG, which can be sold back to industry to make new virgin PET plastic and allowing for a sustainable source of TPA and EG on the market.
  • ANYbotics — ANYbotics provides autonomous legged robots for industrial applications to provide high availability and reliability in automated routine inspections.
  • Pledge — Pledge makes it simple for businesses of every size to measure, reduce and offset the climate impact of their products.
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Blockchain.com Ventures
VC Fund · Palo Alto, California, United States · 1 investments in Indonesia Payments startups

Blockchain.com is the most popular place to securely buy, store, and trade Bitcoin, Ethereum, and other top cryptocurrencies.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Series A, Seed
  • Geography: United States, United Kingdom, Japan

Investor stats

  • Total investments: 40
  • Round size: Seed $1.6M–$3.5M; Series A $4.4M–$19M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • PolySign — PolySign develops state-of-the-art, secure, scalable infrastructure for financial institutions to fully leverage their digital assets. The company also develops a secure and scalable infrastructure for financial institutions to fully leverage their digital assets. They aim to integrate with existing financial organizations and global markets, andrigorously embrace the highest standards for regulation.
  • Elementus — Elementus is a data-first Web3 company empowering organizations to unify, explore, and operationalize the blockchain with the highest degree of confidence.
  • Matter Labs — Matter Labs is scaling Ethereum with zero-knowledge proofs to accelerate public blockchain adoption. The company started out of scientific curiosity, the joy of engineering, and a deep conviction, the most impactful way to improve the world today is to provide an open and free alternative to its existing, deeply flawed financial system.Thecompany was founded in 2018 with its head office in Berlin, Germany.
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AC Capital
VC Fund · 1 investments in Indonesia Payments startups

AC Capital is a venture firm focusing on block-chain and fin-tech Industry, dedicated to discovering unicorns and expanding the development and adoption of block-chain technology through investments and marketing services.

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Investment focus

  • Industry: Blockchain, Gaming, Cryptocurrency
  • Stage:Seed, Initial Coin Offering
  • Geography: United States, China, Canada

Investor stats

  • Total investments: 13
  • Round size: Seed $150k–$4M
  • Lead/follow: 15% lead, 85% follow

Portfolio highlights

  • MetaBeat — The MetaBeat platform is an incentivization community platform powered by fan activities rewarded by a set criteria, the FANomance Index. Creators/artists and fans grow as partners through engagements and rewards on the MetaBeat platform.
  • Metabase — Play Blockchain Games and Use Axie Infinity Guild Tools
  • Mecha Morphing — Mecha Morphing is a browser-based, decentralized, play-to-earn ARPG game. They offer PVE, PVP loot mode, PVP arena, and bounties. They also provide weapons, mecha armour pieces, land, and characters.
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Emtek Group
VC Fund · Jakarta, Jakarta Raya, Indonesia · 1 investments in Indonesia Payments startups

Founded in 1983 as PT Elang Mahkota Teknologi (the Emtek Group), a company providing personal computer services, the Emtek Group has evolved into a modern, integrated group of companies with three main business divisions: Media, Telecommunications and IT Solutions, and Connectivity.The Media Division consists of two free-to-air (FTA)television channels. SCTV is one of Indonesia’s leading nationwide free-to-air channels with audiences in excess of 160 million viewers in more than 240 cities across the country. The Jakarta-based O Channel provides free-to-air lifestyle and entertainment programming for the capital.The Solutions Division provides a range of infrastructure and information, communication and technology solutions for the telecommunication, banking and retail payment industries, including service solutions for integrated VSAT, smart card infrastructure and the retail distribution of telecommunications services.

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Investment focus

  • Industry: E-Commerce, Internet, Graphic Design
  • Stage:Series A, Series B
  • Geography: Indonesia, Singapore, Malaysia

Investor stats

  • Total investments: 27
  • Round size: Series A $3.8M–$45M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • AMILI — Asian Microbiome Library microbiome company and a stool bank serving as a hub for gut microbiome therapy.
  • TipTip — Platform pilihan para content creator untuk berinteraksi dengan fans serta menambah penghasilan. Ikuti sesi live video/kelas online dari Creator hingga topik favorit kamu, atau buat sesi kamu sendiri dan raih penghasilan tambahan! Cek www.TipTip.tv untuk info lebih lanjut.
  • Genexyz — GenexyzA is a Creator of metahumans and aggregator of virtual influencer IPs, disrupting the advertising + web3 ecosystem through new age IP influencers, virtual humans.
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Spiral Ventures
VC Fund · Singapore, Central Region, Singapore · 1 investments in Indonesia Payments startups, 7 in the past 12 months

Our former entity “IMJ Investment Partners” was established in 2012 by IMJ Corporation (“IMJ”), a major digital marketing company, as an independent venture capital subsidiary in Japan. After IMJ was acquired by Culture Convenience Club (“CCC”) in 2013, we continued our investment activities independently, and eventually relocated our office toSingapore to change our strategy and start a venture capital fund for the Southeast Asia market. In 2015, we established the Japan office and started a venture capital fund for the Japanese market.In tandem with the expansion of our business, we left the CCC Group, changed our name to “Spiral Ventures” in 2017, and made a fresh start as an independent venture capital firm.taken from https://spiral-ventures.com/en/group-info/

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Investment focus

  • Industry: E-Commerce, Internet, Information Technology
  • Stage:Series A, Seed, Series B
  • Geography: Japan, India, Indonesia

Investor stats

  • Total investments: 90
  • Round size: Seed $300k–$4.5M; Series A $1.5M–$60M; Series B $10M–$100M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: May invest from a new fund soon — raised $961M in 2018

Portfolio highlights

  • BharatNXT — BharatNXT is a B2B fintech platform. BharatNXT's objective is to become the go-to partner for SMEs on their path to becoming major companies for their business payments, credit, compliance, and sourcing needs.
  • PolicyStreet — PolicyStreet is a regional full-stack InsurTech company. We customise insurance solutions for businesses and consumers.
  • Yellow Metal — Fintech company that provides Gold loan
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Huobi
VC Fund · Beijing, Beijing, China · 1 investments in Indonesia Payments startups

Huobi Global is a global blockchain asset financial services provider including exchange, trade, wallet, and storage. Since its establishment in 2013, Huobi Group has been financed by ZhenFund and Sequoia Capital. Its accumulative turnover has exceeded 1.2 trillion USD and once became the world's largest digital asset exchange with a globalshare of 50%. Currently, Huobi Group has invested in more than sixty upstream and downstream enterprises. Based in Seychelles, Huobi has offices in Singapore, Japan, South Korea, United Kingdom, and Hong Kong to deliver its secure and credible digital asset trading and asset management services to millions of users in over 130 countries.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A
  • Geography: United States, Singapore, China

Investor stats

  • Total investments: 39
  • Round size: Seed $2.4M–$18M; Series A $1M–$12M
  • Lead/follow: 15% lead, 85% follow

Portfolio highlights

  • ZKX — ZKX is a permissionless protocol for derivatives built on StarkNet.
  • Ethena — Ethena provides derivative infrastructure in order to transform Ethereum into the first crypto-native yield bearing stablecoin.
  • Fanzee Labs — We develop fan engagement platforms that help sports and entertainment organisations meaningfully connect with their fans through immersive gamifcation experiences
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Capikris Foundation
VC Fund · Singapore, Central Region, Singapore · 1 investments in Indonesia Payments startups

This foundation supports causes that provide aid to alleviate suffering. In particular, we focus on action in philanthropy which helps address: 1. Aging in place 2. Allergies - raising awareness, education for service providers and providing solutions for sufferers 3. Aid for those in the path of adversity - providing emergency preparedness anddisaster prevention

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Investment focus

  • Industry: Health Care, Artificial Intelligence, Biotechnology
  • Stage:Series C, Series A, Seed
  • Geography: Israel, Indonesia, Singapore

Investor stats

  • Total investments: 11
  • Round size: Seed $1.2M–$9.8M; Series A $2M–$6M; Series C $300k–$30M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Polymateria — Welcome to the Polymateria website. We are a British business, developing a new standard in biodegradable & compostable plastics, called Biotransformation.
  • Biofourmis — Biofourmis partners with risk-bearing organizations and life science companies to provide solutions that help expand the delivery of care to everyone, everywhere.
  • Envelop Risk — Envelop Risk Analytics is a cyber insurance specialists, combining insurance expertise with artificial intelligence-driven cyber risk modeling.
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Financial 360 Investment
VC Fund · 1 investments in Indonesia Payments startups

At 360 Financial is one of the world's best financial investment firm. We are dedicated to providing comprehensive Financial investment management and strategic wealth planning. Call us today.

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Investment focus

  • Industry: FinTech, Software, E-Commerce
  • Stage:Seed
  • Geography: Indonesia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Cashcash — Cashcash is the largest financial intelligence platform in Indonesia. It can purchase various commodities like supermarkets. Here, you can choose financial products.
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Cakra Ventures
VC Fund · Jakarta, Jakarta Raya, Indonesia · 1 investments in Indonesia Payments startups

Cakra Ventures is an independent venture capital and advisory firm.

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Investment focus

  • Industry: FinTech, Cryptocurrency, Trading Platform
  • Stage:Seed
  • Geography: Indonesia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • NOBI — Nobi provides a cryptocurrency investment platform designed with multiple product offerings for users worldwide. Its mission is to make it easy for people to own crypto and earn yields. The company was founded in 2017 and is headquartered in Jakarta Barat, Indonesia.
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Partners for Growth
VC Fund · San Francisco, California, United States · 1 investments in Indonesia Payments startups

We partner with companies at an inflection point in their business, who are seeking flexible and customized financing, matched to their trajectory and needs.

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Investment focus

  • Industry: Financial Services, Software, E-Commerce
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: United States, Australia, United Arab Emirates

Investor stats

  • Total investments: 38
  • Round size: Post-IPO Debt $5M–$29M; Debt Financing $1.1M–$50M
  • Lead/follow: 74% lead, 26% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Tabby — With Tabby, you can split your purchases into 4 interest-free payments at your favourite stores. Download the Tabby app to get started.
  • TP24 — Tradeplus24 is a provider of SME Lending using receivables as security. Operational in Europe and APAC.
  • Flower Chimp — Best Price online for fresh Flowers by #1 florist in Malaysia with same day FREE Delivery on all orders. Shop for Roses, Sunflowers, Baby Breath flower bouquets & gifts from a wide selection for any occasion at FlowerChimp. Over 200 bouquets, stands and hampers to choose from - all prepared by experienced professionals
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Gunung Sewu Group
VC Fund · Jakarta, Jakarta Raya, Indonesia · 1 investments in Indonesia Payments startups

Over the years Gunung Sewu Group has thrived through visionary leadership recognizing unique growth opportunities, forecasting the evolution of new markets and consistently investing in and strengthening our core businesses.

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Investment focus

  • Industry: Internet, Information Technology, E-Commerce
  • Stage:Series A, Seed, Series B
  • Geography: Indonesia, New Zealand

Investor stats

  • Total investments: 12
  • Round size: Seed $500k–$1.4M; Series A $5.6M–$17M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Segari — Segari operates as an online grocery company that offers fresh food products. The company was founded in 2020 and is headquartered in Jakarta, Jakarta Raya, Indonesia.
  • PrivyID — Get secured, reliable and certified digital signature and identity to digitaly transform your business.
  • HarukaEdu — PT Haruka Edukasi Utama or HarukaEdu is a company that provides a turn-key solution to enable universities to offer quality online education with minimum investments and risk. Our vision is to provide a brighter future for Indonesians through affordable, quality online degrees and education
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Plum Ventures
VC Fund · Changzhou, Zhejiang, China · 1 investments in Indonesia Payments startups

Plum Ventures is a venture capital company that aims to encourage young people to become entrepreneurs. It specializes ins providing seed and early-stage investments in the technology, new media, and telecommunications industry. The firm was founded in May 2014 and is based in Changzhou, China.

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Investment focus

  • Industry: Software, E-Commerce, Internet
  • Stage:Angel, Series A, Seed
  • Geography: China, United States, Japan

Investor stats

  • Total investments: 147
  • Round size: Seed $1.4M–$6.9M; Angel $412k–$4.1M; Series A $1.4M–$16M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • PINPHON — PINPHON is an industrial and commercial energy storage equipment research and development and energy storage system solution provider.
  • Mobi Youchuang — Mobi Youchuang is an online electronic mall platform. They offer household and daily necessities. Their services include a shopping guide and after-sales service.
  • Guangyin Technology — Guangyin Technology focuses on the research and development and production of perovskite photovoltaics. Guangyin Technology provides low-cost renewable and clean energy solutions.
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Jianpu Technology
VC Fund · Beijing, Beijing, China · 1 investments in Indonesia Payments startups

Jianpu Technology Inc. is the independent open platform for discovery and recommendation of financial products in China, according to the iResearch Report*. By leveraging our deep data insights and proprietary technology, we provide users with personalized search results and recommendations that are tailored to each user’s particular financialneeds and credit profile. We also enable financial service providers with sales and marketing solutions to reach and serve their target customers more effectively through online and mobile channels, and enhance their competitiveness by providing them with tailored data, risk management and end-to-end solutions. We are committed to maintaining an independent open platform, which allows us to serve the needs of users and financial service providers impartially.

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Investment focus

  • Industry: FinTech, Software, E-Commerce
  • Stage:Seed
  • Geography: Indonesia

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Cashcash — Cashcash is the largest financial intelligence platform in Indonesia. It can purchase various commodities like supermarkets. Here, you can choose financial products.
  • Quantum Trust — Quantum Trust provides custody and settlement services to institutional and high-net-worth clients across all major asset classes.
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ZhenFund
VC Fund · Beijing, Beijing, China · 1 investments in Indonesia Payments startups, 12 in the past 12 months

ZhenFund is a seed fund founded by former entrepreneurs to invest in the most promising innovators. New Oriental co-founders Bob Xiaoping Xu and Victor Qiang Wang established ZhenFund in 2011 in collaboration with Sequoia Capital China. ZhenFund now has a network of over 800 portfolio companies, including over 30 unicorns based in China. Webelieve that great businesses start with exceptional founding teams. We are dedicated to helping our entrepreneurs build successful companies by providing them with mentorship and the best resources available. Some of our services include biannual demo days to top Chinese VCs, ZhenHR services, marketing and PR consulting, as well as fundraising. Our strong and large CEO network also facilitates entrepreneurs helping each other, especially via our WeChat platform. ZhenFund has been ranked as the “#1 Early-Stage Investment Firm” for six years. Bob Xiaoping Xu, Founder of ZhenFund, has been named on the Midas List since 2016 and ranked #11 in 2019. Anna Fang, Founding Partner and CEO of ZhenFund, has been named on the Midas List since 2019 and made her 4th appearance as #12, and #1 on Midas Seed List in 2022.

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Investment focus

  • Industry: Artificial Intelligence, Software, E-Commerce
  • Stage:Series A, Seed, Series B
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 304
  • Round size: Seed $820k–$20M; Series A $1.4M–$27M; Series B $3.4M–$50M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: Likely still investing — raised $130M in 2022

Portfolio highlights

  • Mogic AI — Mogic AI is an advertising technology platform that provides tools to create and launch campaigns by pulling product images into ads using AI.
  • Levinthal — Levinthal is an AI-driven protein design platform. They offer services for artificial intelligence in food safety and medical care. They offer synthetic biology, food, feed, and environmental protection.
  • Altos Radar — Altos Radar accelerate the development and implementation of 4D Imaging Radar technology in driver-assisted and fully autonomous driving systems.
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Lightspeed Venture Partners
VC Fund · Menlo Park, California, United States · 1 investments in Indonesia Payments startups, 74 in the past 12 months

Lightspeed Venture Partners is a venture capital firm that engages in consumer, enterprise, technology, and cleantech markets. It focuses on seed, early-stage, later-stage, expansion-stage, start-ups, growth companies, and incubation, and specializes in debt financing for start-ups and growth companies.Lightspeed Venture Partners invests invarious sectors that include enterprise, consumer, big data, bitcoin, enterprise technology, cleantech, mobile, internet, financial technology, cloud solutions, e-commerce, storage, media, networking, energy, and software, software-as-a-service, information technology, biotechnology, and social. It mainly invests in countries such as the United States, Europe, Israel, China, and India.

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Investment focus

  • Industry: Software, Information Technology, Enterprise Software
  • Stage:Series A, Series B, Seed
  • Geography: United States, India, Israel

Investor stats

  • Total investments: 938
  • Round size: Seed $1.3M–$8.6M; Series A $3.7M–$35M; Series B $11M–$57M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Yaysay — Yaysay is a first-of-its-kind shopping software that mixes AI-powered customization with gamification to enhance the off-price shopping experience.
  • Plan A — Automate your company's ESG and carbon footprint reporting and reduce your emissions. Create decarbonisation plans plans based on data and science.
  • Farther Finance — Everything we do is to help you grow and protect your wealth. We strive to expand your choices and remove obstacles to building the life you want to live.
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Zero2IPO Ventures
VC Fund · Beijing, Beijing, China · 1 investments in Indonesia Payments startups

Zero2IPO Ventures is the venture investment arm under Zero2IPO Group targeted at high-potential, high-growth China enterprises. Leveraging Zero2IPO's vast network in China, Zero2IPO Ventures does not compete with other venture funds, but rather pursue a two-prong investment strategy, i.e. to co-invest with active venture capital firms ingrowth and late stage companies and to lead or co-lead in early stage startups in China. The industry focus includes Internet, mobile and wireless applications, digital media, healthcare, green-tech, consumable products and services, as well as other emerging sectors. We intend to leverage the extensive network that has been created by Zero2IPO Group, a leading venture capital and private equity market research and financial advisory company, to seek out potential investment opportunities and provide a strong value-add to our portfolio companies. Through its venture capital and private equity surveys, investment forums, training programs, and investment advisory services, Zero2IPO Group has developed a strong reputation in the China market for helping entrepreneurs connect with investors.

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Investment focus

  • Industry: E-Commerce, Internet, Education
  • Stage:Series A, Series B, Angel
  • Geography: China, India, Taiwan

Investor stats

  • Total investments: 81
  • Round size: Angel $137k–$1.4M; Series A $1.4M–$26M; Series B $2.9M–$42M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: May invest from a new fund soon — raised $40M in 2014

Portfolio highlights

  • AlpsenTek — AlpsenTek is a company engaged in the research and development of machine vision sensors and algorithms.
  • Ke Ning Bio — Ke Ning Bio is an innovative ophthalmic pharmaceutical manufacturer dedicated to developing ophthalmic drugs.
  • Reistone Biopharma — Reistone Biopharma is a clinical stage biopharmaceutical company. It is focused on rapidly developing innovative medicines through global collaborations within Research and Development
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Openspace
VC Fund · Singapore, Central Region, Singapore · 1 investments in Indonesia Payments startups, 11 in the past 12 months

Openspace Ventures is a leading venture capital firm finding and backing Southeast Asian companies creating a transformative impact where tech meets life.

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Investment focus

  • Industry: E-Commerce, Financial Services, Information Technology
  • Stage:Series A, Series B, Series C
  • Geography: Singapore, Indonesia, Philippines

Investor stats

  • Total investments: 96
  • Round size: Series A $1.8M–$16M; Series B $10M–$26M; Series C $3.5M–$170M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely still investing — raised $25M in 2022

Portfolio highlights

  • Halodoc — Halodoc merupakan aplikasi kesehatan yang memberikan solusi kesehatan lengkap dan terpercaya untuk memenuhi kebutuhan kesehatan kamu dan keluarga.
  • Maka Motors — MAKA is dedicated to building the best electric motorcycles for Indonesian riders.
  • AMP — We make life simpler for merchants navigating the exponential growth of eCommerce with our suite of powerful software, global community, and educational resources.
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Payments VC funding in Indonesia at a glance

Stats across 57 deals from 99 investors.

99
investors
in Indonesia Payments startups
57
deals
in Indonesia Payments startups
$24M
median round
in Indonesia Payments startups
42%
lead investors
lead at least one round
21%
Series A
most common funding stage

Access all 99 VC funds in Indonesia Payments startups.

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