CONNECT WITH US:
Jan 14, 2022 02:00 JST
Source: 1982 Ventures PasarMIKRO
1982 Ventures backs Indo AgriTrading Marketplace PasarMIKRO
Promoting Market Access & Financial Inclusion for Farmers thru B2B Agri Commodity Platform
JAKARTA / SINGAPORE, Jan 14, 2022 - (ACN Newswire) - 1982 Ventures has invested in PasarMIKRO, an Indonesian-based Agri Commodity Marketplace startup that empowers disadvantaged farmers by simplifying transactions for both farmers and traders.
Since their pilot in December 2020 PasarMIKRO has helped farmers to trade and finance the distribution of over 5,000 tonnes of eggs and other commodities. Image Credits: Dien Wong (Co-founder and CEO of PasarMIKRO) with customers.
PasarMIKRO'S app allows farmers and traders an easy way to manage existing trading relationships and discover new traders on the platform. Image Credits: Detik.com.
- PasarMIKRO has raised funds from 1982 Ventures and prominent angels.
- PasarMIKRO is an ag-tech startup aiming to disrupt Indonesia's USD$130B agriculture market by connecting farmers and traders.
- PasarMIKRO will use the funds to expand its team and to reach out to more farming communities in Indonesia.
PasarMIKRO was founded by former Altermyth co-founder Dien Wong. Since their pilot in December 2020 the company has helped farmers to trade and finance the distribution of over 5,000 tonnes of eggs and other commodities. Despite the effects of the pandemic, Indonesia's USD$130 billion agriculture market remains one of the top industries ripe for disruption.
Dien Wong states, "PasarMIKRO is looking after Indonesia's main providers, farmers and traders who are often overlooked. We are transforming the landscape for a more inclusive digital economy. We foresee that with the digitization of the ecosystem, it will enable a scalable future food value chain."
The Indonesian-based company provides various services for farmers and traders for their daily transactions such as bookkeeping, lending, and marketplace for farmers and the ecosystem to sell their products easily without limitations.
PasarMIKRO has established partnerships with Bank Rakyat Indonesia (BRI), one of Indonesia's largest banks, and Rabo Foundation, a social fund backed by European agricultural bank Rabo Bank with a mission to give smallholder farmers the prospect of a sustainable future.
Herston Elton Powers, Managing Partner of 1982 Ventures stated, "Unlike other platforms, PasarMIKRO works with the entire supply chain to enable more efficient agricultural financing and transactions. We have not seen an inclusive financing model in Southeast Asia achieve what appears to be such a product-market fit, and begin scaling as early as PasarMIKRO. PasarMIKRO is incredibly capital efficient and has seen impressive disbursement growth since day one."
Scott Krivokopich, Managing Partner of 1982 Ventures stated, "Indonesia's agriculture ecosystem is massive and long overdue for modernization. Dien's decades of experience in game development and time spent in the field with farmers is the driving force behind PasarMIKRO's impressive growth."
The funds will be used to expand PasarMIKRO's team and reach out to more farming communities in Indonesia.
For media enquiries:
PasarMIKRO is a business-to-business aggregated agriculture marketplace with integrated financing facilities. The platform aims to simplify the transaction of farmers and traders in Indonesia's agriculture market. For more information visit:
About 1982 Ventures:
1982 Ventures is the leading seed fund investing in fintech startups in Southeast Asia. Our focus makes us the first port of call for fintech founders and the first money in. Our investments include Southeast Asian Open Banking API Platform Brick, Indonesian Personal Finance App Pina, Indonesia's first Earned Wage Access platform Wagely, Philippine MSME book-keeping app Lista, Vietnam's leading investment platform Infina, Vietnam's leading "Buy Now, Pay Later" Fundiin, Vietnam's Rent-to-Own Home Financing app Homebaseand Singapore's automated financial data delivery platform Bluesheets.
1982 Ventures is investing in and supporting the best founders to positively impact the future of financial services in Southeast Asia. For more information visit:
Sectors: Agritech, PE, VC & Alternatives, Startups
Copyright ©2022 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Project-Finance Agreement Signed for MC-Hokuden Hydro Power Alliance
May 23, 2022 11:15 JST
Mitsubishi Motors to Launch the All-New eK X EV in Japan
May 23, 2022 09:36 JST
NEC and Toyota Technical Development Develop Stable Wireless Control System for Cars and other Moving Objects in Factories
May 23, 2022 09:24 JST
MC and Morgenrot Enter into Capital and Business Alliance
May 20, 2022 20:19 JST
ROOKIE Racing and TOM'S SPIRIT Announce Team Setups for Super Taikyu Series Fuji 24 Hours Race
May 20, 2022 13:42 JST
MC and Kurashiki City Sign Regional Development Agreement
May 20, 2022 10:55 JST
BDO announces winners of the BDO ESG Awards 2022
May 19, 2022 22:20 JST
MHI-MS Introduces the New "MC" Flexo Folder Gluer: The Latest Innovation from the World's Leading Industrial Firm
May 18, 2022 20:36 JST
Lexus to Unveil All-New RX on June 1, 2022
May 18, 2022 19:38 JST
Fujitsu Signs Strategic Collaboration Agreement with AWS to Accelerate Digital Transformation in Finance and Retail Industry
May 18, 2022 14:51 JST
Yew Lee Pacific Group Berhad Launches Prospectus for ACE Market IPO
May 17, 2022 13:30 JST
Alba Signs Agreement with Mitsubishi Power & SEPCOIII as EPC Contractor for Block 4 in Power Station 5
May 17, 2022 12:26 JST
Fujitsu and RIKEN start joint research on next-generation IT drug discovery technology using the supercomputer Fugaku and simulation integrated AI
May 17, 2022 11:32 JST
Fujitsu Charts Path to Purpose-driven Leadership with "Technology and Service Vision 2022"
May 16, 2022 13:12 JST
Mitsubishi Shipbuilding and NYK Line Obtain Approval in Principle (AiP) from Classification Society ClassNK for Large LCO2 Carrier
May 16, 2022 12:41 JST
World Premiere of the New Lexus "UX"
May 13, 2022 19:14 JST
GR YARIS Rally1 Geared Up for Gravel Debut
May 13, 2022 17:38 JST
Mitsubishi Heavy Industries Achieves Record-Breaking Cash Flow in FY2021 and Plans Increased Dividends
May 12, 2022 14:32 JST
MHIENG Establishes Branch Office in Canada Focused on Decarbonization Business
May 11, 2022 12:34 JST
Hitachi High-Tech and Invivoscribe Partner to Advance Molecular Diagnostics
May 10, 2022 15:18 JST
More Latest Release >>
Singapore's 1982 Ventures Raises US$12.5M in the First Close of Seed Fund
December 16 2021 16:00 JST
1982 Ventures invests in Lista, the MSME book-keeping app for the Philippines
November 10 2021 16:00 JST
1982 Ventures Invests in Infina, Vietnam's 'Robinhood' Investment App
June 28 2021 19:00 JST
More Press release >>