Rexi Christopher

AC Ventures, BCG & BCG X, Kadin Unveil Marquee GenAI Report Mapping The Future Of Indonesian Financial Services. Tap the link to read the full story: https://lnkd.in/gxh9R-hv #CEO #BCG #GENAI #Executive #AndyLees #ACVentures #PanduSjahrir #TusharAgarwal #GunawanWoen #KadinIndonesia #LeightonCosseboom #LeadersandExecutives #InvesmentandMarketTrends #TrendNewsandUpdates #AudienceandReaders #TheExchangeAsia

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Corporate VC fuels Indonesian startup growth. What’s the catch? 👉 Read more: https://buff.ly/3YCkCBP - 🚀 Corporate venture capital (CVC) is vital in Indonesia's startup scene, involved in 45% of deals and providing startups resilience amid challenging climates. - 💼 Startups benefit from strong financial backing, faster funding, and ecosystem integration with CVCs, despite longer due diligence and potential restrictions. - 🔍 Successful CVC collaborations require startups to align their solutions with the parent companies’ needs, offering strategic synergies.

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I’m going to invest $9M into early-stage startups in the next 6 months. 15 companies. $600k per investment. 🚨 Big problem statements 🚨 Sector agnostic  🚨 Building in Indonesia 🚨 Pre-launch, pre-seed, and seed funding 🚨 Open to individuals who are still ideating, as well as, companies with co-founders that are already building - - - If you’re still ideating, comment "STEALTH" below and I'll message you. If you’re already building, comment "BUILD". If you know people building the most defining technology companies, tag them below or share this with your network. - - - Antler is a global early-stage VC investing in the world’s most driven founders across 30 cities including Indonesia and across Southeast Asia. By investing from day zero, we are the earliest backer for startups as well as a long-term capital partner that provides follow-on funding of up to $10M for growth-stage startups at Series A and beyond. Want to reach us sooner? In addition to the above, connect with us at antler.co/indonesia

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You do not need to wait to be a big company to go public (IPO) in Indonesia. IPO process now has different levels and is getting easier and simpler, and the good news is that, IDX (Indonesia’s Stock Exchange) and Hong Kong Stock Exchange can cross-list their companies. Recognized Stock Exchange status allows companies listed on the Indonesia Stock Exchange (IDX), to apply for a secondary listing in Hong Kong. The Indonesian IPO market is primarily regulated by Law No. 8 of 1995 on the Capital Market as amended by Law No. 4 of 2023 on the Development and Strengthening of the Financial Sector (the Capital Market Law), the rules of the Indonesian Financial Services Authority (OJK) and IDX Rule No. I-A on Listing of Shares and Equity-Type Securities other than Shares Issued by Listed Companies, as attached to the Decree of the Board of Directors of the IDX No. KEP-00101/BEI/12-2021 (the IDX Listing Rule). Only Indonesian companies (PT) that are established and exist under the laws of Indonesia may list shares on the IDX. Several kinds of securities may be listed on the IDX, such as shares and bonds. This description focuses on the listing of shares. Currently, there are four boards on the IDX where issuers may list their shares: the Main Board, which is generally used for listings by companies that meet the core business activities, financial, net tangible asset, shareholder and profit standards required for listing on the Main Board of the IDX; the Development Board, which is generally used for listings by companies that cannot meet the core business activities, financial, net tangible asset, shareholder and profit standards required for the Main Board; the Acceleration Board (only small and medium-sized enterprises (SMEs) are eligible to be listed on this board), which is aimed at listings by SMEs that cannot meet the requirements for listing on the Development Board or Main Board; and the New Economy Board, which is used for listings by companies that utilise technology to create innovative products or services and fits the listing criteria on the Main Board. This recognition and cross border listing agreement between HKEX and IDX will increase the number of companies between China and Indonesia to build cooperation and do cross border transactions and investments. My business trip to Hong Kong and mainland China is for a trade mission that is aimed at strengthening the business tie and trade relationship between the private sector and also State Owned Enterprises (SOE). China buys from us a lot of energy commodities, such as coal and nickel, and Indonesia needs newly developed technology from China to be applied in its growing manufacturing and industries. With technology from China, Indonesia’s manufacturing can scale up production and make it more efficient, while also having the opportunity to be the next leading economy in Asia, and the main destination of investment in the region. 

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$88B by 2030 Today, we at Saison Capital are excited to publish the first deep-dive report on asset tokenization in Indonesia. In collaboration with BRI Ventures, D3 Labs and Tiger Research Inc., our report estimates that demand for asset tokenization in Indonesia could reach US$88 billion by 2030. In particular, we see Indonesia taking the lead in tokenized commodities. Indonesia’s large natural resources industry could leverage tokenization to improve capital-raising processes and enhance global competitiveness. Combined with a young population, an expanding middle class, and robust fintech and digital payment sectors, the future of asset tokenization of Indonesia has arrived Read the report at https://projectwira.id Many thanks to Abigail Hsu for driving the bulk of research, and our incredible partners - Markus Liman Rahardja / James Eugene / Chung Ying Lai / Tigran Adiwirya / Daniel Kim / Seungsik Yoon

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🌟 Contributor Spotlight 🌟 Pandu Sjahrir is the founding partner of AC Ventures, a Southeast Asian venture capital firm with US$650 million in assets under management, investing in early-stage startups across Indonesia and ASEAN. He focuses on growth and turnaround companies, with expertise in leadership development, business growth, and optimising capital structures. His article discusses the urgent need for Indonesia and Southeast Asia to shift towards renewable energy sources, particularly in response to the region's rapid digital growth and increasing energy demands. It emphasises the significant opportunities for tech entrepreneurs and investors to capitalise on the untapped renewable energy sector, warning that reliance on fossil fuels is unsustainable and action must be taken immediately. Read it here: https://lnkd.in/dusYBFBT #e27community #e27contributorspotlight #Asia #climatetech 

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"The advantage of an IPO is that if executed well and timed correctly, the funds raised can be substantial." - Rivan Kurniawan, director of investment consultancy firm Indovesta Utama Mandiri. 🏦 Despite sluggish VC funding and M&A activity, the number of Indonesian tech companies going public on the IDX has surged, driven by the allure of substantial funding and the ability to maintain control of the company post-listing. While the IDX offers a potential avenue for funding, startups need to carefully consider the inherent risks, including market volatility, limited investor base, and potential for low-quality listings. 🔥 Will the recent wave of tech IPOs in Indonesia be a successful path to growth and innovation, or will it lead to a wave of underperforming companies and disappointed investors?

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AC Ventures, Boston Consulting Group (BCG), BCG X, and the Indonesian Chamber of Commerce and Industry (KADIN) have published a report titled “Harnessing the Power of GenAI in Indonesian Financial Services.” This study examines the adoption and impact of GenAI in the financial sector, providing strategic advice for leaders on integrating this technology into their operations. In a recent episode of the Indonesia Digital Deconstructed podcast, co-authors Andy Lees of BCG X and Pandu Sjahrir of AC Ventures discussed the transition from pilot projects to scalable solutions, the need for workforce upskilling, and the necessary infrastructure investments for sovereign AI. As Indonesia navigates the potential of GenAI, the report emphasizes aligning initiatives with clear business objectives and addressing the digital divide to ensure equitable benefits for all. 🔗 Read the full article: https://lnkd.in/gXsEYkfc 🎧 Listen to the podcast: https://lnkd.in/g-HQxk6v #genai #indonesia #economictransformation

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AC Ventures, in partnership with Boston Consulting Group (BCG) and its tech build and design unit BCG X as well as the Indonesian Chamber of Commerce and Industry (KADIN), have launched a marquee sector report titled “Harnessing the Power of (Gen)AI in Indonesian Financial Services.” Pulling together new data and insights gathered from the nation’s largest financial institutions and in-depth interviews with five fintech innovators, it provides strategic advice for business and government leaders alike on integrating AI and GenAI into their products, teams, and operations. While major financial institutions and fintech startups have quickly adopted the technology in Indonesia, many initiatives are still in the pilot stage and have not yet delivered substantial business value at scale. This report unveils critical and proprietary insights into the fundamental effects of AI and GenAI on the sector, offering key recommendations and a clear framework for implementation. It also features advice for policymakers as the nation transitions to a new administration and explores sovereign AI development for national interests. 🗞 Check out the full story below! 📓 Get the report for free: https://lnkd.in/g3CpNM_j #GenAI #reports #Indonesia #financialservices

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Top 10 VC Investors in Indonesia (2024) 1. Alpha JWC Ventures - Fintech, Consumertech 2. MDI Ventures - multi-stage, telcom 3. AC Ventures - early-stage, environmental and social impact 4. Prasetia Dwidharma - early stage, SEA only 5. Skystar Capital - early stage, SEA only 6. Kejora Capital - early and growth stage 7. Indogen Capital - post-seed, SEA 8. init 6 - early stage, Indonesia mostly 9. Teja Ventures - early stage consumertech 10. AVSTAR Capital - decentralized finance, web 3.0, gaming #indonesia #venturecapital #vc #vcfirms #startups

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As one of the leading and fastest-growing BNPL players, Kredivo launched the 2024 Indonesian PayLater User Behavior Report in partnership with Katadata Insight Center (25/6). The fifth edition of the annual report shifted focus from e-commerce to in-depth developments of BNPL in Indonesia, analyzing consumer behaviors, shopping patterns and preferences in both online and offline transactions, as well as its contribution in accelerating financial inclusion. With a bottom-up approach using primary data, this report also explores the latest insights into the BNPL landscape, highlighting its potential and emerging trends. #gokredivo Download the full report here: https://kredivocorp.com/ (EN version starts from p.64) Read the news here: (ID) https://lnkd.in/gwdm92Wf 

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A recent report by AC Ventures, Boston Consulting Group (BCG), BCG X, and the Indonesian Chamber of Commerce and Industry (KADIN) reveals that 51% of Indonesian financial institutions are deploying GenAI for daily tasks. While 85% of global institutions view GenAI as disruptive, only 18% have a clear strategy for implementation, highlighting a major opportunity for Indonesia's financial sector to lead in innovation. Pandu Sjahrir, Founding Partner at AC Ventures, notes, “AI and GenAI have the potential to transform Indonesia’s economy by enhancing financial services and driving sustainable growth.” 👉 Read the full article via TechNode.com here: https://lnkd.in/e832GkW8 📄 Get the full report for free: https://lnkd.in/g2a6FQN9 #genai #financialservices #indonesia #acventures #bcg #innovation

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We are going to invest $9M into early-stage startups in the next 6 months. 15 companies. $600k per investment. 🚨 Big problem statements 🚨 Sector agnostic  🚨 Building in Indonesia 🚨 Pre-launch, pre-seed, and seed funding 🚨 Open to individuals who are still ideating, as well as, companies with co-founders that are already building - - - If you’re still ideating, comment "STEALTH" below and I'll message you. If you’re already building, comment "BUILD". If you know people building the most defining technology companies, tag them below or share this with your network. - - - Antler is a global early-stage VC investing in the world’s most driven founders across 30 cities including Indonesia and across Southeast Asia. By investing from day zero, we are the earliest backer for startups as well as a long-term capital partner that provides follow-on funding of up to $10M for growth-stage startups at Series A and beyond. Want to reach us sooner? In addition to the above, connect with us at antler.co/indonesia

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A former Googler who returned to Indonesia to build an agriculture business. A former GoJek employee looking to build something zero to one. A seasoned FMCG marketer looking into opportunities in fintech. What drew them to join SuperApp (YC W18), Pinhome, and Tonik respectively? In our self-produced documentary Against All Odds, we don’t just take a look at the personal lives of the CEOs behind some of our portfolio companies, but also the leaders who have joined them on their mission. We find common threads across the stories of Debeasinta B. Budiman, VP of Strategic Partnerships and co-founder at SuperApp (YC W18), Qurrat Abu Ayub (Abu), Chief Strategy Officer at Pinhome, and Wanda Pascua, Head of Marketing at Tonik. 1️⃣ They have a clarity or ambition for their journey aligning with what the company could provide. “I told Dara (CEO) I wanted to have an exercise building something from zero to one.” - Abu shared how his desire to become an entrepreneur was met with an opportunity from Dara and Ahmed to help build Pinhome from the ground up. “I don’t think I would be here if it were a traditional bank.” - Wanda shared how Tonik’s unique approach to branding convinced her to jump from FMCG to banking, as an opportunity to bring her experience into the digital bank 2️⃣ They were tapped to open up new opportunities for the business. “We experimented with more than 100 SKUs in diverse categories…” - Debby shared how one of her early projects was to explore the private label opportunity for SuperApp. They ultimately found potential in this business and this attracted other leaders like Nadira Zahiruddin came in later on to scale this business even further. “What else about property can become an opportunity to retain users on our platform?” - Abu shared how he pushed for Pinhome to not only introduce home services on its platform but also grow an agency to meet a gap in the market at the time. 3️⃣ They have stakes in the mission of the business. Abu’s career comes full circle as he today helps informal workers become more resilient and even afford their own homes, through Pinhome Home Services, not unlike his work before Pinhome. Debby also comes full circle with her childhood dream to improve the lives of people in the low-income city where she grew up, as she today is helping develop more accessible, quality products for these markets through SuperApp’s hyperlocal supply chain and manufacturing networks. “[We] want to equip Filipinos to use their finances properly and to be provided with the right tools.” - Wanda Pascua Watch their full story: https://lnkd.in/geCGV8uX Against All Odds producer Paulo J will also be at the Singapore FinTech Festival this November 8th at the Pay-it-Forward lounge, Hall 4, 9 am to 10 am to sign copies of the Against All Odds book and Insignia Ventures Academy’s Backing the Bold! 📸 L-R: Debby, Abu, and Wanda

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🛵 GOJEK TO EXIT VIETNAM ON SEPTEMBER 16, 2024 🚀🌏 GoTo Group has announced that Gojek will end its operations in Vietnam on September 16, 2024, as part of a strategic shift towards markets with higher growth potential. Vietnam, contributing only a small portion of the company's gross transaction value, no longer aligns with GoTo’s profitability goals. During this transition, the company is committed to supporting employees, drivers, and partners. This follows similar exits by Uber in 2018 and Beamin in 2021, highlighting the competitive nature of Vietnam’s ride-hailing market. 🛵 Uber (2018): Uber exited Vietnam as part of a broader deal when it sold its Southeast Asian operations to Grab. 🛵 Beamin (2021): A food delivery platform from Korea, Beamin, left Vietnam after facing strong competition from local players like GrabFood and Now. More: https://lnkd.in/d7n37yJC #Gojek #Vietnam #RideHailing #BusinessTransformation CEL Demand Supply Alignment www.cel-consulting.com #CEL #SimCEL #Supply #Demand #Supplychain

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