Led · Series A · Mar 2021

Pandemic Insights is a preventive health software company that combines proprietary algorithms, machine learning, artificial intelligence, and human behavior dynamics to create dynamic personal-risk insights, location-risk indexes, and tailored behavior-modification messaging. Its product suite includes a free mobile app for individuals, a SaaS product for corporations to visualize facility and workforce risk profiles, and a DaaS offering to provide hyper-local risk indexes to public health agencies. The company also plans to enable third-party mobile apps to consume its risk index insights for mapping, travel, lodging, dining, and other solutions. Products are being developed using Amazon Web Services for cloud hosting, AI/ML, DevOps monitoring, AWS Marketplace and AWS GovCloud to assist with FedRAMP. Pandemic Insights intends to operate using a hybrid venture capital and government funding model and aims to deploy a free mobile solution broadly to ensure access for high-risk and underserved communities. The company announced a $5 million Series A tranche-based financing to accelerate product development and go-to-market efforts for consumers, businesses, and public health agencies.

Participated · Series C · Dec 2019

Carsome operates an integrated car e-commerce platform providing end-to-end services spanning the vehicle ownership journey through subsidiary brands such as iCar Asia, WapCar, CarTimes, Carsome Academy, and Carsome Capital. It operates across Malaysia, Indonesia, Thailand, and Singapore, with Malaysia and Singapore currently contributing most to profitability. In FY2025 the company posted its second consecutive year of positive EBITDA, more than doubled earnings to around $23 million, and achieved a 16% increase in gross profit as it sharpened cost discipline and monetisation. Carsome plans to use recent funding to scale operations regionally while maintaining a focus on sustainable, profitable growth. The company is prioritising initiatives in supply chain development and technology collaboration, including integrating data and artificial intelligence into its operations. Management describes the fundraising as reinforcing strategic alignment with investors and supporting cross-border collaboration between Southeast Asia and Greater China.

Participated · Series A · Sep 2019

JULO provides a mobile-first, data-driven underwriting and risk assessment platform to process consumer credit applications and deliver near-instant credit decisions. Its product suite includes personal loans and a digital credit card launched in 2021, which supports non-cash payments and e‑wallet top-ups. The company emphasizes ongoing credit lines after a one-time assessment and claims strong product-market fit, having disbursed more than $300M to date. JULO reports more than 500,000 active users and says lending grew over 3x in 2021, with the loan book on track to increase more than 5x in the next 12 months. The platform is licensed by Indonesia’s Financial Services Authority (OJK). JULO plans to expand analytics, product development, marketing, and talent hiring to scale its offerings and customer acquisition. Julo is a Jakarta-headquartered peer-to-peer lending platform that issues loans primarily through its Android app. The company provides loans of about $300 at interest rates of roughly 3–5% per month and says its alternative-data credit scoring system enables lower rates. Julo works with banks and individual financiers to fund customer loans and has disbursed about $50 million to date. The two-year-old startup has raised about $16 million in total funding so far. Julo plans to use the fresh capital to expand its team and further improve its credit scoring system, and intends to focus on growing within Indonesia. Quona Capital highlighted that a significant majority of Julo’s loans are used for productive purposes that can enhance economic well-being and drive financial inclusion.

Participated · Series B · Sep 2018

Moka offers a mobile app that turns Android and iOS devices into point-of-sale terminals and provides sales reporting, inventory management, table management and loyalty programs. The company says it works with about 12,500 retailers in Indonesia and charges from IDR 249,000 (≈$17) per month for its basic service. Moka reports nearly $1 billion in annual transaction volume from its retail partners. Management is positioning the product as a broader platform and ecosystem, opening integrations to third-party providers for accounting, payroll, HR and other SME services. It is expanding payment capabilities to support many local e‑wallets (OVO, T‑Cash, Akulaku, DANA, Kredivo) and has tied up with SME lenders to help merchants access loans, taking an undisclosed cut on successful referrals. The company raised new capital to fund these platform and payments initiatives and does not plan overseas expansion for at least the next 12 months.

Participated · Series A · Aug 2018

KoinWorks provides a comprehensive financial platform for underserved SMEs, including working capital loans, online bank accounts, cards, point-of-sale, early-wage access and HR management systems. The company has expanded its product set into an SME Neobank that it plans to scale using new funding. KoinWorks says its user base tripled to 1.5 million customers and it has a waitlist of 100,000 SMEs being onboarded to its new software. Monthly loan disbursements have tripled since 2019 to nearly $50 million, and revenue has quadrupled over the same period. Management says the company became cash-flow positive earlier this year and that its non-performing loan rate is under 2%. KoinWorks is headquartered in Jakarta, with holdings in Singapore and tech offices in Yogyakarta, India and Vietnam. KoinWorks is an Indonesia-based peer-to-peer lending platform founded in 2015 that says it was the first Indonesian P2P lender to be registered and is supervised by the Indonesian Financial Services Authority. Its core offering is a machine learning–based online marketplace that matches lenders and borrowers and aims to be a unified “super app” for financial needs. Product lines include KoinRobo (automatically diversified portfolios with fixed returns and social impact), KoinP2P (lending from as little as Rp100,000 with an advertised EAR of 18% p.a.), and KoinBisnis (SME financing up to Rp2 billion without collateral within one day). The company reports more than 300,000 users on its platform. Financially, KoinWorks recently completed fundraising activity, including a $20 million round from existing investors and a subsequent $10 million injection. The articles describe ongoing growth and expansion of product offerings rather than specific revenue metrics. KoinWorks is Indonesia’s largest peer-to-peer (P2P) lending platform registered and supervised by the Indonesia Financial Services Authority (OJK). Founded in 2016 by Benedicto Haryono and Willy Arifin, the platform connects borrowers and retail investor-funders through a single online marketplace. It offers products including business financing, invoice financing, KoinBisnis and KoinPintar, and leverages machine learning to underwrite loans and match funders to borrowers. KoinWorks reports more than 300,000 users, with over 60% of investor-funders being millennials and 70% saying it is their first investment product. The company plans to use new capital to expand its team and partnerships and to further develop systems and technology to increase financial inclusion across Indonesia. Its mission focuses on providing access to productive loans for SMEs historically underserved by traditional banks. KoinWorks operates a machine learning–driven peer-to-peer lending platform that connects investors and borrowers for business, education, health, and employee loans. The company is led by co-founder and chairman Willy Arifin. The platform reports approximately 50,000 lenders. KoinWorks intends to use new funding to invest in technology and improve user experiences. The business focuses on matching lenders and borrowers across multiple loan categories via its P2P marketplace. The article does not disclose additional financial metrics beyond the lender count and the announced funding.