Taxonomy

Southeast Asia

In India and Southeast Asia, Ravi leads Flourish’s fintech investments and manages the firm’s portfolio. He brings critical operational experience in scaling tech companies and broad investment knowledge to Flourish’s founder partners across the region. Before joining Flourish, Ravi was the CFO at Agro.Club, a global full-stack B2B grain marketplace...

[Fintech Finance] Qoala Raises USD 47 Million in Series C Funding

Omnichannel InsurTech Qoala announced the completion of its Series C funding round, raising USD 47 million led by PayPal Ventures and MassMutual Ventures. The round was joined by MUFG Innovation Partners, Ohana Holdings and existing investors, Flourish Ventures, Eurazeo and AppWorks, echoing confidence in the company’s mission in driving financial inclusion. Originally...

Why We Invested in Mapan: Rising Social Fintech Empowers Indonesian Women

Flourish and Patamar re-teamed to invest in Mapan’s community of digital saving circles. In 2009, smartphones were a mostly untapped invention – and had not…

[e27] Swiss impact investor leads US$7.5M Series B+ round of insurtech firm Qoala

Qoala will use the money for product and geographic expansion, primarily in emerging markets in Southeast Asia. View the full article on e27

[CXOtoday] 4 Agritech startups are innovating to help farmers increase productivity and yield

Agriculture is gradually evolving into the next high-tech industry. Blockchain, artificial intelligence, and computer vision technologies are being used to improve crop yields, supply chains, and sustainability. According to a 2019 NASSCOM report, India has over 450 agritech startups that are growing at a rate of 25% year on year....

[Tech in Asia] This Indonesian social commerce firm digitalized ‘arisan’ and grew revenue 3x

Nadya Pramitha, a homemaker residing in Jakarta, has been participating in her family’s arisan activities since 2016. Apart from being a family tradition, arisan is seen as a way to save money. Arisan, a traditional rotating savings and credit scheme in Indonesia, involves a group of people coming together to...

[Daily Social] Qoala Announces 113 Billion Rupiah Additional Series B Funding

The total funding in the series B round reached $ 72,5 million or more than 1,09 trillion Rupiah. *28/3/2023: We updated the funding amount information according to the release published by Qoala Startups insurtech Qoala announced that it has completed an additional $7,5 million (over 112 billion Rupiah) in Series B funding....

[Flourish Conversations] The Corner Shop Isn't Dead: How Fintech and Embedded Finance Are Giving Them Extra Power

New research shows the corner shop is here to stay and poised to go digital. A $900B+ industry worldwide, fintechs are now serving corner shops across the retail value chain, developing low-cost, easy-to-use, online tools for sourcing, logistics, business management, sales, and financial services. Flourish Managing Partner, Arjuna Costa sits...

Arjuna is a co-founder and managing partner of Flourish Ventures, an early-stage global venture capital firm that invests in mission-driven entrepreneurs and industry influencers working towards a fair financial system. With a primary focus on venture investing across emerging markets in Asia, Africa, and Latin America, Arjuna is driven by...

Tilman is a co-founder and managing partner of Flourish Ventures, an early-stage global venture capital firm that invests in mission-driven entrepreneurs and industry influencers working towards a fair financial system. He serves on the board of a number of portfolio organizations and as chair of the Advisory Council to the...

Indonesian fintech firm banks $15m, promotes ex-Gojek exec to CEO

Mapan, an Indonesia-based fintech firm, has raised US$15 million in a series A raise co-led by Patamar Capital and PT Astra Digital Internasional, with 500 Global participating. Ardelia Apti, a former Gojek executive who serves as Mapan’s chief commercial officer, was also appointed as the startup’s new CEO. Founded in...

Mapan Core Tea

[TechCrunch] Mapan's services helps low-income Indonesians users afford goods and services

Originally posted on TechCrunch By Catherine Shu Photo Caption: Mapan’s team, with CEO Ardelia Apti in the front. In Indonesia, arisans are traditionally rotating savings and credit associations (RSCA) that let groups of people, primarily women, save and borrow money together. Mapan digitized that concept and turned it into a service where...