Led · Series A · May 2023

Kecilin builds proprietary data-compression technology and products (including CCTV compression and on-premise compression) to reduce file sizes while preserving quality and format. Founded in 2018 and headquartered in Jakarta, the company serves MSMEs and larger enterprises seeking lower storage and faster transfer. Kecilin’s algorithms target video, document and text compression across modern technology models. In May 2023 the company raised $4.0M in a Pre-Series A round. Management says the fresh capital will be used to stretch new business initiatives and elevate its products. CEO Christopher Farrel has indicated the company plans to expand customer verticals and serve Indonesia and other countries in the coming years.

Participated · Series B · Jan 2023

iSeller provides a modern point-of-sale system for offline stores and an omni-channel solution that integrates online stores and multiple marketplaces. The platform offers integrations with Tokopedia, Shopee, Lazada, and Blibli to simplify online selling for merchants. Led by CEO Jimmy Petrus, iSeller targets SME business growth through tools for faster, smarter, and more efficient operations. The company has expanded to cover 30 cities across Indonesia and is used by more than 100,000 businesses, including customers such as SOGO, OMNILUXE, Jiwa Group, and Agung Sedayu Group. iSeller plans to use recent funding to release a new version of its flagship products focused on improved user experience, faster performance, and greater reliability. The product mix and local expansion position the company to deepen adoption among Indonesian merchants. Founded in 2017, iSeller is Indonesia’s leading digital business platform that offers a fully integrated omnichannel ecosystem to digitize sales and operations. Its platform includes Point of Sale, inventory management, instant online stores, marketplace integration, and food delivery integration. The company is used by more than 60,000 business owners in Indonesia, including brands such as SOGO, OMNILUXE, MOI, Damn! I love Indonesia, IT Gallery, United Bike, Asuransi Sinarmas, MOVI, HMNS, ASHTA, Lemonilo, and Peripera. In October 2021 iSeller raised an $8.0M pre-Series B round. With the new funds, the company plans to enable more merchants to start, run, and grow businesses more easily, manageably, and efficiently.

Participated · Series B · Oct 2021

Founded in 2016, PrivyID provides a comprehensive digital trust platform that includes digital identity issuance, legally binding electronic signatures, e-KYC verification, and document management services. The company serves a broad range of sectors such as financial services, healthcare, and education and was the first non-government entity licensed as a Certificate Authority by Indonesia’s Ministry of Communication and Information Technology. PrivyID currently claims more than 30 million verified users, 1,800 enterprise customers, and processes over 40 million digital signatures annually, giving it a market-leading position in the country. Its platform benefits from direct access to Indonesia’s national identity data and facial biometrics, enhancing accuracy and compliance. With fresh capital, PrivyID plans to roll out additional consumer and enterprise products and accelerate overseas expansion, leveraging Indonesia’s rapidly growing digital economy. Management also aims to deepen its role in the country’s digital transformation initiatives while maintaining regulatory leadership.

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.

Led · 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.