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Indonesia Weekly Review: 3 Startup Stories You Don’t Want To Miss This Week [6 February – 11 February]

Indonesia Weekly Review: 3 Startup Stories You Don’t Want To Miss This Week [6 February – 11 February]

Indonesia’s startup world is gaining speed day by day. Here’s looking back at the archipelago’s digital economy this week.

HR Tech Startup Sleekr Launches New App Sleekr Accounting

Cloud-based startup Sleekr has reportedly launched a new app called Sleekr Accounting, that allows users to maintain their accounts.

The app aims to minimise effort and offers accounting solutions, in addition to cash management, sales and procurement, inventory management, and enables users to create financial reports, as per an official statement.

Sleekr Accounting is currently available on Android and the startup will launch it on iOS within a fortnight, the JakartaGlobe report said.

Founded in 2015, Sleekr is designed and built to help small and medium businesses manage their HR and Accounting. It will also launch Sleekr HR on Android and iOS platforms by the end of the February 2017.

Plug and Play Indonesia Invites Applications For Its Accelerator Programme

Silicon Valley-based accelerator Plug and Play is inviting applications from Indonesia-based startups for its new batch. It has also opened a centre in Jakarta, Indonesia. As per its official website, Plug and Play has invested in over 550 startups including Dropbox, Paypal, and Lending Club.

To facilitate its accelerator programme in Indonesia, Plug and Play has partnered with investment firm Gan Capital, reported TechInAsia. As per the terms of the partnership, Wesley Harjono, Director, Gan Kapital has joined Plug and Play Indonesia as its MD.

Startups functioning in the space of mobile development and fintech are eligible to apply for the programme. Interested startups can apply here.

CXA Secures $25 Mn In Series B, Plans Expansion Across Southeast Asia

Singapore-based insurance tech company CXA (ConneXionsAsia) has reportedly raised $25 Mn in its Series B round of funding co-led by B Capital Group (co-founded by Eduardo Saverin) and Singapore-based EDBI. With this investment, Eduardo Saverin will join CXA’s Board of Directors as well.

The round also saw participation by Royal Philips, RGAx and existing investors, including NSI Ventures and BioVeda Capital.

As per an e27 report, with the current round of funding, CXA’s total funding amounts to $30 Mn. The raised funds will be used to scale its existing platform and expand operations beyond Singapore and Hong Kong, especially in China, India, Indonesia, Japan, Malaysia, the Philippines, South Korea, Taiwan, and Thailand.

Launched in 2013 by Rosaline Chow Koo, CXA offers a cloud-based employee benefits platform that combines health insurance brokerage solution, flexible benefit wallets, wellness marketplace, and healthcare big data. It allows employers to use their existing insurance plans and integrate workplace wellness, flexible benefits, and benefits administration within the same.