By Mars Woo
Sleekr is among the five companies that received between $2 million and $3 million from Money Forward.
Last month, Bank Indonesia issued a regulation banning the use of cryptocurrencies by fintech companies involved in payment systems and said it is examining whether there’s a need to regulate trading on virtual currency exchanges.
Indonesia and Papua have long pushed for greater control over Grasberg and the new ownership structure may ease tensions.
The estimated investment required for Nabati’s project expansion is $133 million.
The companies are already computing the funds they expect to collect from the issuance.
RedDoorz has appointed Bhanu Chopra as an independent director and Philip Wolf as a board advisor.
Surya Citra Media, Edwin Soeryadjaya, PT Sukses Perdana Mandiri, and PT Sinar Ganda Jaya are among the strategic investors investing in the issue
The five-year financing package comprises $20 million from IFC’s own account plus another $20 million that IFC helped mobilize from three other organizations.
The two firms have applied to Bank Indonesia for an e-money licence.
Natali Ardianto, the former co-founder and CTO of Tiket.com, shares his journey in this post as he moves on to pursue new opportunities.