Fresh Funding, Safer Internet Rules, and Impact Investing Gains Momentum 🇮🇩🚀

Dear Readers,

The weekly newsletter RISE by DailySocial is back! This week, we bring you a range of captivating updates, from startup funding news to the latest regulatory developments. We also have an exclusive insight into impact investing, based on our interview with one of Indonesia's active angel networks investing in this sector.

Warm regards,
The DailySocial Team

Here are some of the key stories covered by DailySocial News over the past week:

• Skor Technologies, a credit scoring platform startup, secured a US$6.2 million pre-series A funding round. Led by Argor Capital with participation from QED Investors and Saison Capital, this brings the company’s total funding to over US$12 million. Initially offering Skorlife to help consumers understand their credit scores, Skor Technologies shifted focus in March 2024 to Skorcard, a digital credit card service developed in collaboration with Bank Mayapada. This product aims to address the low credit card penetration in Indonesia, which remains below 3%. [Read more]

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