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startup

Kredivo acquires earned wage access start-up GajiGesa
Tech 11 months ago

PREMIUM
Kredivo acquires earned wage access start-up GajiGesa

The acquisition marks another expansion of the fintech business after a launch of its digital banking app called Krom in early 2024.
Indonesian start-ups: When valuations eclipse innovation
Academia 1 year ago

Indonesian start-ups: When valuations eclipse innovation

Priotizing valuations over building real value pumps up hype while undercutting innovation, research and development as well as sustainable solutions, benefiting VC firms as founders, employees and communities lose out.
How investor biases can enable fraud in start-ups
Academia 1 year ago

PREMIUM
How investor biases can enable fraud in start-ups

In the eFishery case, reported sales of 400,000 fish feeders versus the verified 24,000 should have been an instant red flag, but investors prioritized growth potential over verifying operational reality.
The biases behind Indonesian start-ups’ ethical pitfalls
Academia 1 year ago

PREMIUM
The biases behind Indonesian start-ups’ ethical pitfalls

Many start-up founders develop an overconfidence bias, believing they can manage small ethical lapses without long-term consequences, assuming future success will justify present deception. 
eFishery scandal exposes weak governance in Indonesia's tech start-ups
Academia 1 year ago

PREMIUM
eFishery scandal exposes weak governance in Indonesia's tech start-ups

Burning through investor money is often considered a justified strategy by tech start-ups to demonstrate impressive growth metrics.
Closing product marketplace will boost profitability, Bukalapak says
Tech 1 year ago

PREMIUM
Closing product marketplace will boost profitability, Bukalapak says

The country's first e-commerce unicorn is ceasing sales of physical goods to focus on digital goods and services, citing minimal revenue contribution, shift in demand and increasing competition since the company's founding almost 15 years ago.
eFishery appoints new CEO amid embezzlement investigation
Companies 1 year ago

eFishery appoints new CEO amid embezzlement investigation

Tech startup eFishery appoints new interim CEO and CFO amid an investigation into alleged embezzlement by co-founders Gibran Huzaifah and Chrisna Aditya.
OJK shuts down P2P lender Investree amid alleged fraud
Regulations 1 year ago

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OJK shuts down P2P lender Investree amid alleged fraud

The OJK has revoked the license of homegrown P2P lender Investree, which faces a host of problems including fraud allegations and legal action against its founder, who has been slapped with the regulator's maximum sanctions and ordered to return to Indonesia.
GoTo exits Vietnam amid push to pursue profitability
Tech 1 year ago

PREMIUM
GoTo exits Vietnam amid push to pursue profitability

The company explained that Vietnam is a highly fragmented market, with multiple players in transport and food delivery.
Existing travel apps to hold ground amid new player entries
Tech 1 year ago

PREMIUM
Existing travel apps to hold ground amid new player entries

The local OTA market may not be so welcoming to newer players, as it tends to follow a winner-takes-all pattern.
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