{"id":182,"date":"2020-11-06T00:00:00","date_gmt":"2020-11-06T00:00:00","guid":{"rendered":"https:\/\/markupbackup.wordpress.com\/2021\/07\/21\/durians-daily-125-indonesias-efishery-collaborates-with-marketplace-lender-to-provide-idr-30bn\/"},"modified":"2021-07-23T07:37:28","modified_gmt":"2021-07-23T07:37:28","slug":"durians-daily-125-indonesias-efishery-collaborates-with-marketplace-lender-to-provide-idr-30bn","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=182","title":{"rendered":"Daily Markup #125: Indonesia\u2019s eFishery collaborates with marketplace lender to provide IDR 30bn\u2026"},"content":{"rendered":"<p><strong>Fintech for farmers<\/strong><\/p>\n<ul>\n<li>Bandung-based and 500-backed aquaculture company <a href=\"https:\/\/efishery.com\/\" target=\"_blank\" rel=\"noopener\">eFishery<\/a> is partnering P2P marketplace lender Investree to offer fish farmers financial assistance amidst the pandemic.<\/li>\n<li>A total of IDR 30bn will be channeled to the farmers, whose income levels have been heavily impacted by the coronavirus crisis.<\/li>\n<li>Loans will be deployed in both conventional and Shariah-compliant structures, according to <a href=\"https:\/\/www-compasslist-com.cdn.ampproject.org\/c\/s\/www.compasslist.com\/amp\/insights\/p2p-lender-investree-collaborates-with-efishery-to-provide-loans-for-aquaculture-smes\" target=\"_blank\" rel=\"noopener\">reports<\/a>. To ensure the creditworthiness of farmers, eFishery will provide data to Investree from its suite of IoT devices and conduct field checks at farms. Investree will then collate the information before giving out the loans accordingly.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"798\" data-height=\"449\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7d9d37bdbd.jpg\"><figcaption class=\"wp-caption-text\">Credit: Investor\u00a0Daily<\/figcaption><\/figure>\n<ul>\n<li>Fish farmers often find it difficult to secure loans from banks and financial institutions. eFishery solves this with eFisheryFund, a digital platform with financing facilities offered in collaboration with independent lenders, said CEO and co-founder Gibran Huzaifah.<\/li>\n<li>In this case, Investree acts as a partner to raise awareness for eFisheryFund.<\/li>\n<li>\u201cWe will continue to develop this collaboration so we can support up to 1,000 fish farmers by the end of 2020,\u201d Gibran said.<\/li>\n<li>This week, eFishery announced a <a href=\"https:\/\/www.linkedin.com\/posts\/gibran-huzaifah-6358a04a_aquaculture-was-perceived-as-an-unsexy-sector-activity-6729746881053908992-GAf7\/\" target=\"_blank\" rel=\"noopener\">partnership with Baba Rafi Enterprise<\/a>, which runs the world\u2019s largest chain of kebab restaurants, to build a franchise model for shrimp farms. Using eFishery\u2019s aqua-tech expertise, both companies will find new ways to scale local shrimp farms, starting with 200 and expanding to the thousands over the next few years.<\/li>\n<\/ul>\n<p><strong>Young and inspiring<\/strong><\/p>\n<ul>\n<li>EDGE is the youth wing of Action Community for Entrepreneurship (ACE), the national driver for the startup ecosystem in Singapore.<\/li>\n<li>In its inaugural 35 Under 35 list, EDGE celebrates \u201cyouth who have made significant contributions to the startup ecosystem in Singapore over the past year to inspire Singaporean youth to pursue entrepreneurship and adopt an entrepreneurial mindset.\u201d<\/li>\n<li>The Class of 2020 was largely evaluated for their entrepreneurial achievements and contributions. The judging panel also looked into how the inaugural list have expanded their imprint beyond Singapore.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"1131\" data-height=\"1600\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7d9d3e0a6f.jpg\"><figcaption class=\"wp-caption-text\">Credit: EDGE\u200a\u2014\u200aYouth Wing of\u00a0ACE<\/figcaption><\/figure>\n<ul>\n<li>Several 500-backed founders made the list. They are:<br \/>Val Yap of <a href=\"https:\/\/www.parcelperform.com\/\" target=\"_blank\" rel=\"noopener\">Parcel Perform<br \/><\/a>Cameron Priest of <a href=\"https:\/\/www.tradegecko.com\/\" target=\"_blank\" rel=\"noopener\">Tradegecko<br \/><\/a>Rohit Jha of <a href=\"https:\/\/transcelestial.com\/\" target=\"_blank\" rel=\"noopener\">Transcelestial<\/a>\u00a0<br \/>Yong Yi Sung of <a href=\"https:\/\/grain.com.sg\/\" target=\"_blank\" rel=\"noopener\">Grain<br \/><\/a>Walter Oh of <a href=\"https:\/\/www.boxgreen.co\/\" target=\"_blank\" rel=\"noopener\">Boxgreen<br \/><\/a>Victor Liew of <a href=\"https:\/\/www.xfers.com\/sg\/\" target=\"_blank\" rel=\"noopener\">Xfers<br \/><\/a>Siu Rui Quek of <a href=\"https:\/\/www.carousell.com.my\/\" target=\"_blank\" rel=\"noopener\">Carousell<br \/><\/a>Oswald Yeo of <a href=\"https:\/\/glints.com\/my\" target=\"_blank\" rel=\"noopener\">Glints<\/a><\/li>\n<li>Congrats, founders!<\/li>\n<li>Check out the full list <a href=\"https:\/\/edge.org.sg\/edge-35-under-35\/\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/li>\n<\/ul>\n<p><strong>Giving a ride<\/strong><\/p>\n<ul>\n<li>As part of a trial exercise, 500-backed <a href=\"https:\/\/www.rideneuron.com\/\" target=\"_blank\" rel=\"noopener\">Neuron Mobility<\/a> deployed its fleet of e-scooters in Slough, an industrial town located west of central London.<\/li>\n<li>With the UK going under a new lockdown, the company is extending a free monthly pass to frontliners serving in Slough\u2019s National Health Service (NHS) and Emergency Services so they can get to where they\u2019re needed most, safely and quickly. The free pass can be activated through Neuron Mobility\u2019s app.<\/li>\n<li>\u201cWe want to show our sincere gratitude to Slough\u2019s NHS and Emergency Services staff as they continue to travel to work every day to care for people, while many of us have the option to work from home,\u201d <a href=\"https:\/\/www.uktech.news\/news\/neuron-mobility-provide-free-passes-to-nhs-and-emergency-service-workers-in-slough-20201105\" target=\"_blank\" rel=\"noopener\">said<\/a> Zachary Wang, CEO of Neuron Mobility.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"1200\" data-height=\"675\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7d9d4a56e8.jpg\"><figcaption class=\"wp-caption-text\">Credit: The\u00a0Driven<\/figcaption><\/figure>\n<ul>\n<li>Painted in striking orange, Neuron Mobility scooters are built with rider safety in mind. Some features include a 999 emergency button which tells if someone has had a fall and helps the rider call the emergency services and \u201cFollow My Ride\u201d, a real-time location-sharing feature that provides added security while riding alone.<\/li>\n<li>A world\u2019s first, Neron helmets are <a href=\"http:\/\/transport-network.co.uk\/A-long-term-plan-for-e-scooters-in-the-UK\/16930\" target=\"_blank\" rel=\"noopener\">app-controlled<\/a>, meaning they can only be unlocked by the rider.<\/li>\n<li>Last month, the Singapore-based company announced it has secured US$12 million for a Series A round, bringing the total sum to <a href=\"https:\/\/techcrunch.com\/2020\/09\/29\/e-scooter-startup-neuron-mobility-adds-12m-to-its-series-a-for-expansion-in-australia-and-new-zealand\/?guccounter=1&amp;guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&amp;guce_referrer_sig=AQAAAN4bU_fjk3dZhdq-ncV_tcBTM9k7S-kohGrQ5kgH2FpwQxQhogEbiFmL_SbCBde_bCgjQg9hVMkpJMtqeh25HoaZ1lzmezJ3C85cNwzCyXZlICWL2BlBXkuRsIEMrO6BecyUsQO2rXPXbPXj0NaXbx_yywgWME7vauQW_aFRcOF4\" target=\"_blank\" rel=\"noopener\">US$30.5 million<\/a>.<\/li>\n<\/ul>\n<hr>\n<p><strong>Missed out the last Daily Markup? Go <\/strong><a href=\"https:\/\/dailymarkup.com\/\" target=\"_blank\" rel=\"noopener\"><strong>here<\/strong><\/a><strong> to check it out.<\/strong><\/p>\n<p><strong>You can also find us on <\/strong><a href=\"https:\/\/www.linkedin.com\/company\/500-durians\/\" target=\"_blank\" rel=\"noopener\"><strong>LinkedIn<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/www.facebook.com\/500durians\/\" target=\"_blank\" rel=\"noopener\"><strong>Facebook<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/twitter.com\/500Startups_SEA\" target=\"_blank\" rel=\"noopener\"><strong>Twitter<\/strong><\/a><strong>, and <\/strong><a href=\"https:\/\/www.instagram.com\/500durians\/?hl=en\" target=\"_blank\" rel=\"noopener\"><strong>Instagram<\/strong><\/a><strong>.<\/strong><\/p>\n<figure><img decoding=\"async\" data-width=\"400\" data-height=\"400\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7d9d4ea07c.jpg\"><\/figure>\n<p>500 Startups is a venture capital firm on a mission to discover and back the world\u2019s most talented entrepreneurs, help them create successful companies at scale, and build thriving global ecosystems. In Southeast Asia, 500 Startups invests through the pioneering 500 Southeast Asia family of funds. The 500 Southeast Asia funds have backed over 240 companies across multiple sectors from internet to consumer to deep technology. It continues to connect founders with capital, expertise and powerful regional and global networks to help them succeed.<\/p>\n<p><em>This post is intended solely for general informational or educational purposes only. 500 Startups Management Company, L.L.C. and its affiliates (collectively \u201c500 Startups\u201d) makes no representation as to the accuracy or information in this post and while reasonable steps have been taken to ensure that the information herein is accurate and up-to-date, no liability can be accepted for any error or omissions. All third party links in this post have not been independently verified by 500 Startups and the inclusion of such links should not be interpreted as an endorsement or confirmation of the content within. Information about portfolio companies\u2019 markets, competitors, performance, and fundraising has been provided by those companies\u2019 founders and has not been independently verified. Under no circumstances should any content in this post be construed as investment, legal, tax or accounting advice by 500 Startups, or an offer to provide any investment advisory service with regard to securities by 500 Startups. No content or information in this post should be construed as an offer to sell or solicitation of interest to purchase any securities advised by 500 Startups. Prospective investors considering an investment into any 500 Startups fund should not consider or construe this content as fund marketing material. The views expressed herein are as at the date of this post and are subject to change without notice. One or more 500 Startups fund may have a financial interest in one or more of the companies discussed.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fintech for farmers Bandung-based and 500-backed aquaculture company eFishery is partnering P2P marketplace lender Investree to offer fish farmers financial assistance amidst the pandemic. A total of IDR 30bn will be channeled to the farmers, whose income levels have been heavily impacted by the coronavirus crisis. Loans will be deployed in both conventional and Shariah-compliant [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":2131,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[392,45,351,346,436,356,408,435,397,386],"class_list":["post-182","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-boxgreen","tag-carousell","tag-efishery","tag-glints","tag-grain","tag-neuron-mobility","tag-parcelperform","tag-tradegecko","tag-transcelestial","tag-xfers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #125: Indonesia\u2019s eFishery collaborates with marketplace lender to provide IDR 30bn\u2026 - Markup<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailymarkup.com\/?p=182\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #125: Indonesia\u2019s eFishery collaborates with marketplace lender to provide IDR 30bn\u2026 - Markup\" \/>\n<meta property=\"og:description\" content=\"Fintech for farmers Bandung-based and 500-backed aquaculture company eFishery is partnering P2P marketplace lender Investree to offer fish farmers financial assistance amidst the pandemic. A total of IDR 30bn will be channeled to the farmers, whose income levels have been heavily impacted by the coronavirus crisis. Loans will be deployed in both conventional and Shariah-compliant [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dailymarkup.com\/?p=182\" \/>\n<meta property=\"og:site_name\" content=\"Markup\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/facebook.com\/500southeastasia\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-06T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-23T07:37:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/0aY0Nx4e0gpf15GbE.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"393\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Felicia Chia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dailymarkup.com\/#website\",\"url\":\"https:\/\/dailymarkup.com\/\",\"name\":\"Markup\",\"description\":\"Serving bite-sized news on 500 Southeast Asia&#039;s portfolio companies and insights to fuel your momentum in life and business.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/dailymarkup.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dailymarkup.com\/?p=182#primaryimage\",\"url\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/0aY0Nx4e0gpf15GbE.jpeg\",\"contentUrl\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/0aY0Nx4e0gpf15GbE.jpeg\",\"width\":700,\"height\":393},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dailymarkup.com\/?p=182#webpage\",\"url\":\"https:\/\/dailymarkup.com\/?p=182\",\"name\":\"Daily Markup #125: Indonesia\u2019s eFishery collaborates with marketplace lender to provide IDR 30bn\u2026 - Markup\",\"isPartOf\":{\"@id\":\"https:\/\/dailymarkup.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/dailymarkup.com\/?p=182#primaryimage\"},\"datePublished\":\"2020-11-06T00:00:00+00:00\",\"dateModified\":\"2021-07-23T07:37:28+00:00\",\"author\":{\"@id\":\"https:\/\/dailymarkup.com\/#\/schema\/person\/9500d05faff850f12de850d9051b7b67\"},\"breadcrumb\":{\"@id\":\"https:\/\/dailymarkup.com\/?p=182#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/dailymarkup.com\/?p=182\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/dailymarkup.com\/?p=182#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/dailymarkup.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Daily Markup #125: Indonesia\u2019s eFishery collaborates with marketplace lender to provide IDR 30bn\u2026\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/dailymarkup.com\/#\/schema\/person\/9500d05faff850f12de850d9051b7b67\",\"name\":\"Felicia Chia\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dailymarkup.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b574d076fbdac43064ec75a7d589d309319c819283cc558025e0ef88192ee849?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b574d076fbdac43064ec75a7d589d309319c819283cc558025e0ef88192ee849?s=96&d=mm&r=g\",\"caption\":\"Felicia Chia\"},\"url\":\"https:\/\/dailymarkup.com\/?author=7\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Daily Markup #125: Indonesia\u2019s eFishery collaborates with marketplace lender to provide IDR 30bn\u2026 - Markup","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/dailymarkup.com\/?p=182","og_locale":"en_US","og_type":"article","og_title":"Daily Markup #125: Indonesia\u2019s eFishery collaborates with marketplace lender to provide IDR 30bn\u2026 - Markup","og_description":"Fintech for farmers Bandung-based and 500-backed aquaculture company eFishery is partnering P2P marketplace lender Investree to offer fish farmers financial assistance amidst the pandemic. 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