1982 Ventures backs Indo AgriTrading Marketplace PasarMIKRO

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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.
– 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 plans to use the funds for expansion and outreach to more farmers in Indonesia.

PasarMIKRO is a former Altermyth cofounder 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 changing the landscape to make it more inclusive. The digitization of the ecosystem will allow for a future scaleable food value chain, as we expect. “

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. PasarMIKRO is the first inclusive financing model to scale in Southeast Asia. We have never seen a model that can achieve such a product-market match. PasarMIKRO has been a great capital efficiency model and has experienced impressive growth in disbursement since its inception. “

Scott Krivokopich, Managing Partner of 1982 Ventures stated, “Indonesia’s agriculture ecosystem is massive and long overdue for modernization. PasarMIKRO’s remarkable growth is due to Dien’s extensive experience in game development, as well as his time in the field working with farmers. “

The funds will be used to expand PasarMIKRO’s team and reach out to more farming communities in Indonesia.

For media enquiries:
dienw@pasarmikro.id

About PasarMIKRO:
PasarMIKRO is a business-to-business aggregated agriculture marketplace with integrated financing facilities. This platform is designed to facilitate the transactions of farmers and traders in Indonesia’s agricultural market. For more information visit: https://www.pasarmikro.id.

About 1982 Ventures:
1982 Ventures is the leading seed fund investing in fintech startups in Southeast Asia. We are the first to call for fintech founders, and we bring in the money. Our investments include the Southeast Asian Open Banking API Platform Brick and the Indonesian Personal Finance App Pina. We also invest in the first Earned Wage Access platform Wagely. Lista is a Philippine MSME book-keeping application. Infina is Vietnam’s top investment platform. Fundiin is Vietnam’s most popular “Buy Now,Pay Later” platform. Bluesheets, Singapore’s financial data delivery platform Bluesheets, Rent-to-Own Home Financing App Homebase, and 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: https://1982.vc.


Topic: Press release summary

Source: 1982 Ventures / PasarMIKRO
Sectors: Agritech, PE, VC & Alternatives, Startups

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