Top 30 InsurTech Startup Investors in Indonesia (September 2026)

Portfolio highlights

• IDfy — Secure Customer Onboarding | Smarter Fraud Detection | DPDP Compliance & Privacy Governance made Easy for Banks, E-Commerce, and Logistics.
• KLAR Smile — KLAR Aligner merupakan solusi tepat untuk mendapatkan gigi rapi yang aman, cepat, tidak sakit, dan terjangkau tanpa mengganggu penampilanmu.
• Nafas — Nafas creates an air quality sensor network to monitor the quality of outdoor air. Nafas collects data from real sensors that are designed to be installed outside and withstand the elements. To provide the most accurate local data, Nafas has installed over 30 sensors throughout Jakarta.

Portfolio highlights

• CYFIRMA — CYFIRMA, offers market-leading cyberthreat visibility products and services, powered by artificial intelligence (AI) and machine learning, CYFIRMA’s flagship platform delivers comprehensive, real-time insights into emerging cyberthreats, attack motives and methods—customized to a client’s industry and IT environment.CYFIRMA defends againstcyberattacks by supplying organizations with real-time threat visibility and situational awareness to enables them to take a more proactive strategic, management and tactical security management actions. By aggregating, correlating and analyzing information from hundreds of thousands of sources on the open and dark web, CYFIRMA helps clients anticipate what types of attacks are most likely to occur and provide the most effective response.
• Panviva — Connect, Collaborate and Communicate with your employees and customers like never before. Panviva provides complete and innovative knowledge management solutions focused on streamlining and making information more accessible.
• Whale — Whale provides an omnichannel marketing platform that transforms marketing operations, digitalizes store operations and unifies offline & online brand experiences leveraging AI + IoT + Big Data to “Connect Brands with Customer”.Founded in 2017, Whale has since empowered 400+ global FMCG, F&B, Fashion and Automotive brands includingP&G, Unilever, Starbucks, UNIQLO, ARMANI, Watsons, Xiaomi, Midea, Lotus, POP MART etc. with over 150,000 stores across APAC, enabling brands to embrace the full potential of digital transformation.Equipped with AI capabilities, patented ReID technology and enterprise-grade security, Whale platforms comprising of Space Data Platform (SDP), Whale Marketing Cloud (WMC), Whale Open Platform (WOP) and Whale Analytics, serve as the end-to-end digitalization engine that enables brands to seamlessly engage with each customer.Whale is backed by Temasek Holding, NIO Capital, Source Code Capital, Linear Capital, Alpha Commune, BAI Capital and The Jiangmen, with 6 offices across Singapore, Hangzhou, Shanghai, Beijing and Shenzhen.

Portfolio highlights

• Qoala — Asuransi online yang siap melindungi kamu dan orang tersayang, di mana aja, kapan aja. Premi murah, proses klaim mudah, dan 100% digital!
• Homage — Homage provides non-medical and medical services to seniors and adults. Their services include disability assessments, activities of daily living assistance, nursing procedures, and rehabilitation services, including physiotherapy, speech therapy, and occupational therapy. They also provide health screening, mobile medicine, telemedicine,ambulance, and medication delivery services.
• EngageRocket — We help organizations make better people decisions using real-time analytics. Our customers use EngageRocket platform to measure and improve employee experience.

Portfolio highlights

• ForU AI — ForU AI operates as a real-world AI agent.
• Monit — Monit menggabungkan manajemen kas, pembayaran bisnis, kontrol pengeluaran, dan kartu kredit korporat dalam satu pengalaman terintegrasi
• CrediLinq.Ai — CrediLinq is a technology infrastructure company that is enabling B2B platforms to offer embedded finance to their customers.B2B PayLater for buyers and B2B PayNow for sellers is a huge opportunity to both improve conversion, increase average order volumes and dramatically reduce operational burden. The future of B2B payments and purchasing willvery much look like the current consumer-level experience – we at CrediLinq.Ai are accelerating that change.

Portfolio highlights

• Sikoia — Streamline your decision-making with centralized customer data, comprehensive case management, and automated risk evaluation without complicated integrations.
• Aspire — Multi currency business account, for start-ups & SMEs, to manage your company spends & expenses, accounts receivables & payables, invoices, bills, corporate cards & cross-border payments.
• Scrut Automation — Scrut Automation makes ISO 27001, SOC 2, GDPR and PCI DSS compliance easy, with 70% less Manual effort

Portfolio highlights

• BON Credit — AI powered financial assistant from Bon Credit helps uncover savings, manage finances, and make smarter money decisions with AI. Start saving smarter today!
• EquityList — Equity management with online cap table management and employee stock option programs (ESOP) administration. Available free for Indian startups
• Orbital Sentry — Orbital Sentry delivers real-time wildfire detection and continuous geostationary monitoring to protect communities, reduce losses, and power next-generation risk intelligence. Our persistent infrared data helps insurers, governments, and first responders act faster and build true climate resilience

Portfolio highlights

• Jutsoo — Upload a statement and Jutsoo captures, codes, and reconciles every transaction. You review and sign off.
• MiyaHealth — MiyaHealth develops technologies to improve the healthcare experience for patients.
• Sinbad Indonesia — Solusi belanja grosir online untuk menyuplai stok toko Anda dari distributor utama. Aplikasi Sinbad membuat belanja grosir online dijamin lebih hemat dan mudah.

Portfolio highlights

• fileAI — Automate and analyze any file with AI. fileAI builds proprietary AI components for complex agentic workflow automation.
• Diaflow — The ultimate intelligent platform for business processes automation via internal tools & apps
• Konvy — Konvy.com is a beauty e-commerce platform that provides cosmetics and skincare products. Konvy.com products include skin creams, makeup accessories, perfume, food supplements, and many more. L'Oréal, Shiseido, Sulwhasoo, Eucerin, and La Roche-Posay are among its brands.

Portfolio highlights

• Beff — Beff is a company that focuses on Global AI and battery development. It intends to reduce material waste and CO2 emissions during battery production and secure resources in a sustainable manner.
• AI Mage — AI Mage is an IT company that provides AI solutions for anime production business industries.
• Umami United — Umami United is a plant-based food brand with unique focus on Japanese food technologies and traditional ingredients to make delicious and healthy food to unite people at one table. The wide lineups are designed to be vegan-friendly, buddhist friendly, and halal friendly for all.

Portfolio highlights

• Jet Commerce — Jet Commerce is a digital marketing company that offers one-stop e-commerce enabler services and solutions for B2B and B2C sectors. It provides end-to-end e-commerce solutions that prioritize the customer experience for brands and local sellers, including Online Strategy, Platform Management, Performance Reporting, Operations, Merchandising, andCustomer Relationship Management. It ensures a seamless experience and seizes opportunities that every brand or business has in this growing digital age.
• Thin Red Line — Thin Red Line dedicates the software and hardware opportunities of the AR track.
• WonderMind — WonderMind is a K12 education technology company that is involved in education. It employs innovative teaching technology and methodologies to create a vibrant learning environment and enhance students' learning outcomes and creativity.

Portfolio highlights

• Cauridor — Cauridor is a Financial Services company.
• Stream — Stream is a company that helps make payments simpler, faster, and reliable.
• Jurisphere — Jurisphere.ai is an enterprise-grade AI platform tailored for law firms and in-house legal teams, integrating document review, legal research, drafting, and workflow automation into a unified workspace. The company's platform uses attorney verified AI workflows to surface relevant cases and insights from large volumes of legal documents,generate and refine contract drafts.

Portfolio highlights

• Clouted — Clout Kitchen is THE Virality Engine for brands and creators, designing data-driven viral campaigns with distribution marketing.
• PowerUp Money — Select, review, and rebalance your mutual funds with expert advice & 20 years of data. PowerUp Money helps you keep your portfolio in top form.
• Neo Asset Management — India's Premier New Age Asset Management and Financial Advisory Firm #neogroup #DoGood

Portfolio highlights

• Segari — Segari operates as an online grocery company that offers fresh food products. The company was founded in 2020 and is headquartered in Jakarta, Jakarta Raya, Indonesia.
• PickUp Coffee — PickUp Coffee is a start-up that aims to increase the accessibility of espresso and milk-based beverages. PickUp Coffee is located in Taguig, Philippines.
• ToumAI Analytics — ToumAI Analytics is a software development company providing voice analytics, real-time analytics, and reporting services.

Portfolio highlights

• Pharmacity — Pharmacity is a pharmacy. They offer prescription and non-prescription drugs, health, personal, and beauty care products, oriental medicine, functional foods, vitamin supplements, and minerals to consumers through their online web store and physical pharma stores.
• Marengo Asia Healthcare — Marengo Asia Healthcare is a platform that will run multispecialty hospital chains formed by Samara Capital, Havells Family Investment Office, and Godrej Family Investment Office.
• Global Care Medical Center — Global Care Medical Center is a network of hospitals and clinics that provides multi specialty inpatient and outpatient healthcare services.

Portfolio highlights

• Nexedge — Nexedge is a wealth management firm that offers investment management, estate planning, and business advisory services.
• IHW — iHW is an AI semiconductor company that develops ultra-low-power analog AI chips using Analog Compute-in-Memory (ACiM) technology for mobile and edge devices. The company builds analog-digital computing architectures to improve power efficiency and performance in on-device AI processing.
• Medifab — Medifab is a bio-healthcare center that offers 3D system testing, measurement analysis, and OEM service.

Portfolio highlights

• Embat — Embat develops cloud-based treasury management software designed to help finance teams manage cash flow, banking operations, and financial forecasting in real time. The company provides a platform that connects bank accounts, enterprise resource planning systems, and payment systems to centralize visibility of cash positions across multipleentities and currencies. Its software supports automated reconciliation, payment execution, liquidity forecasting, and financial reporting through a unified interface. The platform also includes AI-driven features that assist with transaction matching, anomaly detection, and cash flow prediction to reduce manual finance operations. Embat works with mid-sized and large enterprises to streamline treasury workflows, improve liquidity management, and support financial decision-making. The company integrates with a wide network of financial institutions and enterprise systems to enable continuous financial data synchronization and operational control.The platform uses automation and AI features to reduce manual treasury tasks, including transaction matching, accounting entries, and financial reporting workflows. It integrates with a wide range of banking systems and corporate ERPs to synchronize financial data continuously. Embat also enables centralized payment management, allowing finance teams to initiate, approve, and track transactions across multiple banking relationships. Its tools support cash visibility, debt monitoring, and financial scenario planning for operational decision-making.
• GenLogs — Carrier sourcing. Carrier vetting. Carrier Compliance. Shipper prospecting. Asset monitoring. Asset recovery. Freight Intelligence. All in one Truck Intelligence platform!
• skan.ai — Skan.ai uses cognitive technologies to map, model, and manage business processes by creating digital twins of human/digital interactions. Skan.ai replaces human interviews and observation, which are not accurate, by cognitive tooling that learns based on observation of human/digital work. Skan does this at scale and learns /reconstructs business processes grounds up. This approach is significantly faster, more accurate, and has much greater depth and coverage.

Portfolio highlights

• SIRCLO — SIRCLO is a leading omnichannel commerce enabler in Indonesia, driven by the mission to unlock the digital potential of people and businesses.
• Member.id — Your company was build by a team of people who gets geeky about collecting points, They are avid travelers and consumers who have experienced first-hand the benefits of staying loyal to a brand. We feel that other people should be able to experience the same advantage. That is why member.id was conceived. Our mission is to change the loyaltylandscape in Indonesia by offering capabilities ranging from loyalty program strategy development, design, management and analytics.
• PouchNATION — PouchNATION is a SaaS company for cashless and guest management solutions digitising the venues and events operations using intelligent NFC wearable technology in Southeast Asia. We aim to empower business owners to operate worry-free in the future.

Portfolio highlights

• PT. Matahari Putra Prima — PT. Matahari Putra Prima provides network expansion, renovations, sustainable retail management, daily basic necessity products, inventory management, and more efficient store formats. They also support with the expanding usage of digital payments.
• LinkAja — Kini Pembayaran, Pinjaman, & Investasi Online dalam satu genggaman. Cukup scan QR / kode tiket untuk pembayaran offline di seluruh merchant.
• Jago — Atur keuangan dengan mudah, inovatif, dan kolaboratif bersama Jago

Portfolio highlights

• Pace — The AI operations partner for the world's leading insurers.
• Allium — Allium empowers crypto analytics teams with on chain data infrastructure
• Gradial — Gradial is the marketing execution layer for modern enterprise marketing teams. AI agents author, optimize, tag, and QA across AEM, Salesforce, Jira, and all the other systems your team uses so you can launch campaigns faster, boost AI search visibility, and scale without adding headcount.

Portfolio highlights

• TerraPay — TerraPay, a mobile-first international payment network, has been founded with the vision to send money to any mobile. TerraPay interconnects financial services providers -- mobile wallet service providers, money transfer operators, banks and payment platforms – to create a “one network” for secure and seamless transnational movement of funds. Thenetwork facilitates a broad transaction set including interpersonal transfers, e-payments and government disbursements.TerraPay is platform agnostic and supports standard open APIs for integration with any mobile wallet provider. Through a single connection, partners gain access to a global payment network enabling rapid services up-scaling whilst minimizing Opex and Capex investments. As a fully regulated financial intermediary services network, TerraPay offers services beyond principal core transaction, routing and processing functions and assumes end-to-end responsibility for, regulatory compliance foreign exchange management and funds settlement.
• PSL — With a production capacity in excess of the 1 million ton mark, they are India’s largest producer/manufacturer of HSAW pipes - the line-pipe industry's preferred pipe.But their leadership in the pipe industry is not confined to the domestic market alone, though the market is huge and still growing - global recognition is reflected in thehuge orders already in hand from the US even before the commissioning of their 300,000 MT capacity plant in Missisipi not to mention the USD 45 million order of their pipe mills in Sharjah in the UAE.These facilities are backed by sound technology, state-of-the-art infrastructure, technical collaborations with leading Design & Engineering consultancies of Germany and Italy and most importantly, by a human resources pool that is amongst the best in the industry - ensuring that your project is completed on target, time after time.
• Lagos Free Zone — Your Gateway To A New Frontier

Portfolio highlights

• sevDesk — Deutschlands beliebteste Buchhaltungssoftware: Rechnungen& Angebote erstellen, Buchhaltung erledigen, Kunden- &Lagerverwaltung u.v.m.
• Cambridge Aerospace — Our mission is to eliminate the risk of existential war in Europe.
• Arrakis Technologies — Arrakis partners with ambitious companies to deploy secure AI in production, taking them from experimentation to real-world impact at warp speed.

Portfolio highlights

• CN AI — CN AI provides consulting services using AI.
• Starling Medical — An AI enabled urinary catheter that allows neurogenic bladder patients the normal use of a toilet and the real time detection of their UTIs.
• DELOS — Leading the Indonesia Blue Revolution. We are at the forefront of aquaculture shrimp farming & sustainable lobster fishing industry.

Portfolio highlights

• Pilot Global — Pilot Global operates as an education platform to acquire and scale early childhood businesses.
• SeIndonesia — Se’Indonesia is a fastest growing Indonesian Quick Service Restaurant chain. providing high-quality protein that is flavorful, nutritious, accessible, and affordable. The company specializes in smoked beef bowls, leveraging a proprietary smoking process that delivers distinct taste and aroma rooted in Indonesian culinary tradition.Founded with avision to revolutionize the food industry, Se’Indonesia emphasizes product integrity, operational scalability, and efficient delivery formats. Through its commitment to honest cooking and accessible nutrition, the company is positioned to lead the next generation of quick-service food solutions across Indonesia and beyond.
• Zenith Learning Group — Zenith Learning Group's mission is to deliver a holistic, world-class education to learners across South East Asia through technology.

Portfolio highlights

• TESOLLO — TESOLLO develops multi-joint robotic grippers and robotic hands for precise grasping and manipulation in industrial automation, humanoid robotics, and research.
• H&B Asia — H&B Asia specializes in sourcing, importing, and distributing fresh fruits and agricultural products. The company works closely with global growers and suppliers to bring high-quality produce into the Korean market. It focuses on building strong partnerships, ensuring consistent supply, and supporting efficient logistics across the fooddistribution value chain.
• ACT-ion Battery Technologies — ACT-ion is pioneering a transformative approach to battery material manufacturing, specializing in advanced lithium battery cathode active materials (CAMs). Our innovative, clean, and efficient continuous process revolutionizes production, driving cost savings and enhanced performance for the energy

Portfolio highlights

• Banyu — Banyu is a seaweed company that handles difficulties such as low-quality inputs, labor-intensive agricultural practices, and fluctuating market prices. It sells seaweed for food production, biofertilizers, and bioplastics.
• Jago Coffee — Jago Coffee serves freshly brewed coffee beverages wherever you are through a fleet of fully electric mobile cafes.
• Kozystay — Indonesia's largest short term rental property management Group. Managing high end rental premium apartments & luxury villas in Jakarta, Bali, Bandung, Surabaya & beyond!

Portfolio highlights

• FUNDtastic — FUNDtastic is an online investment platform. Is an easy and safe way to buy and sell mutal funds, gold and other investment instruments.

Portfolio highlights

• FUNDtastic — FUNDtastic is an online investment platform. Is an easy and safe way to buy and sell mutal funds, gold and other investment instruments.
• Prometheus Biosciences — At Merck, we're following the science to tackle some of the world's greatest health threats. Get a glimpse of how we work to improve lives.
• 5E Advanced Materials — 5E Advanced Materials, Inc is enabling global Decarbonization with Boron

Portfolio highlights

• Aman — Aman provides modern technology for growing companies to set up and manage their employee benefits, simplifying complexity of benefit administation and delivering a world-class experience. Our platform enables companies to competitively recruit, engage and retain top talents.

Portfolio highlights

• Groccery store — Groccery store is a local Groccery store based in Hlotse, Leribe, Lesotho, designed to address a key challenge in the community
• Excel And Impact Agro — Excel And Impact Agro aims to tackle the chronic shortage of vegetable production in Côte d'Ivoire.
• Mercy Community School — Mercy Community School is a community-driven education initiative based in Linda Compound, Lusaka, Zambia.

Portfolio highlights

• AEOL — AEOL is a ventilation and air purifier products manufacturing company.
• Toss — Toss is a South Korea-based mobile financial service platform operated by fintech startup Viva Republica.Its application offers peer-to-peer money transfers, manages credit scores and bank accounts, access loan and insurance plans, split bill options, QR payment and other similar services that enable users to manage their finance.Toss wasestablished in 2011 by Seunggun Lee in Seoul, Seoul-t'ukpyolsi.
• Qoala — Asuransi online yang siap melindungi kamu dan orang tersayang, di mana aja, kapan aja. Premi murah, proses klaim mudah, dan 100% digital!