From mergers and acquisitions to funding\u00a0and contests, here is the next edition of the Indonesia weekly review \u2013 your weekly dose of the latest happenings from the Indonesia startup ecosystem.\r\nUangTeman Raises $12 Mn Series A Funding\r\nIndonesia-based consumer lending platform UangTeman has raised $12 Mn in equity and debt funding. The Series A funding round was led by K2 Venture Capital and Draper Associates.\r\n\r\nAccording to UangTeman\u2019s co-founder and CEO, Aidil Zulkifli the newly-secured funding will go into strengthening the company\u2019s core technology. To further bolster its product line, the startup is looking to set up R&D centres in Singapore and India.\r\n\r\nCommenting on the development, Zulkifli said, \u201cWe have collected quite a bit of data and are hiring more data scientists. It\u2019s a question of the talent pool. We don\u2019t have masters or PhDs in machine learning or algorithm design here in Indonesia.\u201d\r\n\r\nIn the past, K2 Capital infused $825K Seed funding in SaaS-based transportation solutions startup, TempoGO.\r\n\r\n\r\nHR Startup Urbanhire Raises Pre-Series A Funding From Convergence Ventures\r\nEarly-stage venture capital firm Convergence Ventures has led a Pre-Series A funding round into Indonesia-based HR startup Urbanhire, according to a report on DealStreetAsia.\r\n\r\nThe round was joined by US-based Social Capital \u2013 its first investment in Southeast Asia \u2013 along with 500 Startups, Tortola Capital, Denali Capital and Intrafood Group.\r\n\r\nUrbanhire plans to use the funding to expand partnerships with job portals across the region and expand its service globally. Urbanhire founded by Hengki Sihombing, Benson Kawengian and Jepri Sinaga, aims to be a leading hiring platform in Southeast Asia.\r\n\r\nUrbanhire platform allows employers to post and update job openings at multiple job portals at the same time, track applications and coordinate teams throughout the entire hiring process. The startup claims to be serving 2,500 firms and partnering with 40 job portals.\r\nGo-Jek Sweeps In Ticketing Platform Loket\r\nOn-demand mobile platform Go-Jek has acquired Loket, a leading event management and ticketing platform in Indonesia.\r\n\r\nPost-acquisition, Loket\u2019s management and operations will remain independent.\r\n\r\nCommenting on the acquisition, Go-Jek CEO Nadiem Makarim said, \u201cThis collaboration will eventually be able to provide various services that can help promoters solve the main problems of an event; for example, ticket distribution, audience management, and the provision of innovative entertainment. The promoter will then be able to feel the impacts due to the increase of audience satisfaction.\u201d\r\n\r\nPost-acquisition, Loket will be able to tap into Go-Tix, the Go-Jek\u2019s \u00a0mobile-ticketing platform. Go-Tix currently offers more than 250 events and a relationship with two national cinema networks, CGV and Cinemaxx.\r\n\r\n\r\nTelkom Indonesia Eyes 10 Potential M&A Deals\r\nState-owned telco firm Telkom Indonesia has announced to set aside up to $2 Bn or about 25% of last year\u2019s revenue, for capital expenditure this year. The plans were revealed by Finance Director Harry M Zen.\r\n\r\nThe company is also learnt to be reviewing 10 potential merger and acquisitions involving fintech, ecommerce and ICT startups.\r\n\r\n\u201cWe are currently reviewing our business expansion plans for the future. What we can do, we\u2019ll do it ourselves. What we can\u2019t do, we\u2019ll acquire,\u201d as stated by Harry during a media interaction in Jakarta.\r\n\r\nThe company is looking at both foreign and local firms for acquisitions. Telkom raked in $8.7 Bn in revenues last year.\r\n\r\nStay tuned for next week\u2019s edition of Indonesia startup news.