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Indonesian fintech firm KoinWorks losses surged 6 8x in 2022

Jakarta-based fintech firm KoinWorks saw its losses widen by 585% in 2022 from a year earlier even as its revenue increased by about 68%.

Gunung sewuJawa tengahCity ofUnited kingdomJakarta rayaAsri cikupaKredit pintarWilly arifinBenedicto haryonoLunaria annua holding pte ltdAccion internationalKoinworks bankVentures growth fundCorporate regulatory authoritySaison capitalAlternate ventures

AC Ventures closes $210m for Fund V and co-investment vehicles

Indonesia-focused venture capital firm AC Ventures has closed $210 million for its Fund V and other co-investment vehicles.

Jakarta rayaAdrian liPandu sjahrirIndofood indomieMichael soerijadjiHelen wongBank central asiaMiddle eastSoutheast asianSoutheast asiaConvergence venturesAgaeti ventures

SG s ZUZU bags $9m in Series B led by SoftBank Ventures Asia

Singapore-based ZUZU Hospitality has bagged $9 million in Series B funding led by venture capital firm SoftBank Ventures Asia.

Dan lynnVikram malhiSoftbank ventures asia corpHospitality solutionsSoftbank group corpSoftbank ventures asiaPlatinum partnersWooshin venture investmentVisor venturesEquity venturesSilicon valleyGolden gate venturesConvergence venturesSoutheast asiaCornerstone venture partners

VC fund AC Ventures is raising US$250mil

JAKARTA: Indonesia’s AC Ventures is raising US$250mil (RM1.12bil) for its fifth fund, banking on its reach in South-East Asia’s largest economy to find the region’s next wave of early-stage startups.

United statesJakarta rayaHelen wongAdrian liMichael soerijadjiSouth east asiaPandu sjahrirCarsome groupEast asiaSequoia capital indiaJungle venturesAgaeti venture capitalConvergence venturesChina based qiming ventures

Data Vantage: ESB, AiTreat, Kredit Pintar, Vuihoc and QE Labs collect funding

Lead investor Northstar contributed $16.2 million to ESB's Series B round

New zealandRepublic ofT ai peiSouth koreaSophie bionutrientsEsensi solusi buanaHsin tung yangSteven tjanNeuroncredit pteLiu xiaosongLinda guoKredit pintarBoga groupJapan airlines translink innovation fundIntelligence groupNorthstar group

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