connects startups and investors

Tinuku ~ bridges the financing needs of startups and fund-raisers. Indonesia Creative Economy Agency in cooperation with Angel Investment Network Indonesia (Angin) released a new application to facilitate pioneer business with bank and nonbank investors. Applications will serve multiple possibilities to bring together new developers and funders.

Tinuku connects startups and investors

Head of Sub-Directorate of Public Funds of Non-Banking Access Deputy Capital Access Bekraf, Hanifah, said the application allows fund-seekers or startup business actors to register as recipients of investment by listing business segments, funding needs and market share.

The application will automatically connect the startup business to prospective investors who are interested, both in terms of business segments, funding needs and future business prospects.

"If they have found interested investors as needed, then the app will lead to an offline team," said Hanifah.

Angin is also committed to spurring investment up to US$4 million or double the portion of investments disbursed so far to invest capital for startups and new companies at a very early stage.

"Venture capital also will not take risks to finance a newly established and small-scale company, here we are specifically targeting new startups," said Angin Founder Shinta Kamdani.

Angin was established in 2013 and has invested in 23 startups including Taralite, Qontak, Burgreens, BerryKitchen, Landmaap, and KitaBisa. Segments are also diverse are financial technology, agriculture, hygiene technology, education, food and beverage, and health services.

Currently, Angin consists of 46 angel investors who have experience and different business segments. Kamdani said this year the company is optimistic to have the number of angel increased by about 20 investors.