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[Weekly Updates] Facebook and PayPal Invest in Gojek; Kejora Setups New Fund; and More

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Last week was all about funding. Two big names are joining Gojek’s list of investors. Facebook and PayPal join Google and Tencent in its (still) Series F funding. It’s said PayPal will be integrated into Gojek ecosystem soon.

In other news, Kejora Ventures and SBI Holdings launches $30 million Orbit Fund, while job marketplace Job2GO bags seed funding from BANSEA angel investor network.

Facebook and PayPal Invest in Gojek

Gojek announces Facebook and PayPal as the new investors in the latest round with undisclosed amount. Google and Tencent, existing investors, are also joining the round. The two investors want to support Gojek’s mission, through GoPay, in driving digital economic growth in Southeast Asia, with a focus on payment and financial services.

Through this collaboration, PayPal will open its network, which has reached 25 million merchants worldwide, to Gojek ecosystem.

Kejora and SBI Holdings Launches “Orbit Fund”, Ready to Invest 426 Billion Rupiah for Indonesia’s Early Stage Startups

Kejora Ventures and SBI Holdings today (03/6) launched the Orbit Fund. It is a joint venture in the form of a venture capital company focused on early-stage startups funding in Indonesia. In its debut, they’ve prepared $30 million or equivalent to 426 billion Rupiah.

They are currently targeting edutech, healthtech, consumer goods, agritech, fintech, and online media sectors. Seed funding will be channeled starts from $200,000 to $3 million.

Job2GO Secures Seed Funding from an Angel Investor Network BANSEA

The HR-tech (human resources technology) startup Job2GO announces it has received seed funding from BANSEA angel investor network. The value is not disclosed. The funding is to focus on the improvement of technology products and user acquisition.

BANSEA (The Business Angel Network of Southeast Asia), established in 2001, currently supports thousands of entrepreneurs in the region through a network of investors from individuals and companies they own.

Job2GO Secures Seed Funding from an Angel Investor Network BANSEA

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The HR-tech (human resources technology)startup Job2GO announced the seed funding from BANSEA angel investor network. The value is not revealed.  The funding is to focus on the improvement of technology products and user acquisition.

BANSEA (The Business Angel Network of Southeast Asia), established in 2001, currently supports thousands of entrepreneurs in the region through a network of investors from individuals and companies they own. They participated in several startup funding such as Carousell, Carro, Xfers, 99.co, and others.

“We’re quickly adjust to the challenges and opportunities and study similar companies in developed countries like India. We are confident that Job2GO will present the right solution for the Indonesian and Southeast Asian markets. The new normal post-Covid-19 will present a golden opportunity for our solutions,” Job2GO’s Founder & CEO Kurniawan Santoso said.

Meanwhile, BANSEA Chairman James Tan said, “BANSEA is here to continuously connect startups like Job2Go with angel investors. This investment is one of BANSEA’s ways to supports the startup ecosystem in Southeast Asia and we look forward to playing our role in the startup ecosystem. ”

Job2GO business growth

Kurniawan also said to DailySocial, the Job2GO application reached 15 thousand users, with 500 companies offering various vacancies.

As general information, Job2Go has the vision to help blue collar workers and gig workers; offers various types of jobs from salesforce, merchandising, SPG, marketing staff, administrative staff, and others.

In terms of products, the Job2Go application is equipped with Artificial Intelligence (AI) technology to get a match between supply and demand for work. It also provides information on on-demand job vacancies and other jobs available in locations near job seekers.

“In 2020, Job2GO focuses on providing the best experience for users (job seekers and employment seekers) by enhancing platforms and features. In addition, we also tighten cooperation with the employment ecosystem such as the Pre-Work Card to channel workers after receiving training,” he added.

Job2GO is targeting the low-medium skill workers, among those who are quite affected by this pandemic. In response to this, Kurniawan said, “They are workers who are the economy’s backbone, affected in Q1 2020 yet to be believed rebounding as soon when companies return to operating under new normal.”

In Indonesia, there are also several other startups besides Job2GO that offer similar services. There are Workmate (formerly Helpster), Heikaku, and others.

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Original article is in Indonesian, translated by Kristin Siagian

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Job2GO

Job2GO Dapatkan Pendanaan Awal dari Jaringan Angel Investor BANSEA

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Startup di bidang HR-tech (human resources technology)  Job2GO mengumumkan perolehan pendanaan tahap awal dari jaringan angel investor BANSEA. Nilai pendanaan tidak disebutkan. Adapun fokus alokasi dana investasi untuk penyempurnaan produk teknologi dan akuisisi pengguna.

BANSEA (The Business Angel Network of Southeast Asia) didirikan sejak tahun 2001, saat ini telah mendukung ribuan pengusaha di kawasan regional melalui jaringan investor dari kalangan perorangan dan perusahaan yang dimiliki. Mereka turut berpartisipasi dalam pendanaan startup seperti Carousell, Carro, Xfers, 99.co, dan lain-lain.

“Kami memahami dengan cepat tantangan dan peluang yang ada dan mempelajari perusahaan sejenis di negara yang sudah maju seperti India. Kami yakin Job2GO akan menghadirkan solusi yang tepat untuk pasar Indonesia dan Asia Tenggara. Tatanan new normal pasca Covid-19 akan menghadirkan kesempatan emas untuk solusi yang kami hadirkan,” sambut Founder & CEO Job2GO Kurniawan Santoso.

Sementara itu, Chairman BANSEA James Tan mengatakan, “BANSEA hadir untuk secara berkesinambungan menghubungkan startup seperti Job2Go dengan para angel investors. Investasi ini adalah salah satu cara BANSEA mendukung ekosistem startup di Asia Tenggara dan kami berharap dapat terus memainkan peran kami di dalam ekosistem startup.”

Perkembangan bisnis Job2GO

Kepada DailySocial, Kurniawan menambahkan, saat ini pengguna aplikasi Job2GO sudah mencapai 15 ribu orang, dengan 500 perusahaan yang menawarkan berbagai lowongannya.

Seperti diketahui Job2Go memiliki visi untuk membantu pekerja kerah biru dan gig workers; menawarkan berbagai pilihan jenis pekerjaan mulai dari tenaga penjualan, merchandising, SPG, staf pemasaran, staf administrasi, dan lain-lain.

Dari sisi produk, aplikasi Job2Go dibekali teknologi Artificial Intelligence (AI) untuk mendapatkan kecocokan antara penawaran dan permintaan kerja. Selain itu juga menyediakan informasi lowongan pekerjaan on-demand dan pekerjaan lain yang tersedia di lokasi dekat para pencari kerja.

“Di tahun 2020, Job2GO berfokus untuk memberikan pengalaman terbaik untuk pengguna (pencari kerja dan perusahaan pencari tenaga kerja) dengan penyempurnaan platform dan fitur. Selain itu kami memperkuat jalinan kerja sama dengan ekosistem ketenagakerjaan seperti Kartu Pra-Kerja untuk menyalurkan tenaga kerja setelah mendapatkan pelatihan,” imbuh Kurniawan.

Segmen yang disasar Job2GO adalah low-meidum skill workers, kalangan pekerja yang cukup terdampak karena pandemi ini. Menanggapi ini, Kurniawan menyampaikan, “Mereka adalah segmen pekerja yang menjadi tulang punggung perekonomian, terdampak di Q1 2020 namun diyakini akan rebound dalam waktu yang cepat ketika perusahaan kembali beroperasi di bawah new normal.”

Di Indonesia, selain Job2GO juga ada beberapa startup lain yang tawarkan layanan serupa. Di antaranya Workmate (dulu Helpster), Heikaku, dan lain-lain.

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