1982 Ventures backs Indo AgriTrading Marketplace PasarMIKRO
1982 Ventures has invested in PasarMIKRO, an Indonesian-based
Agri Commodity Marketplace startup that empowers disadvantaged
farmers by simplifying transactions for both farmers and
- PasarMIKRO has raised funds from 1982 Ventures and prominent
- PasarMIKRO is an ag-tech startup aiming to disrupt Indonesia's
USD$130B agriculture market by connecting farmers and traders.
- PasarMIKRO will use the funds to expand its team and to reach out
to more farming communities in Indonesia.
PasarMIKRO was founded by former Altermyth co-founder 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
transforming the landscape for a more inclusive digital economy. We
foresee that with the digitization of the ecosystem, it will enable
a scalable future food value chain."
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
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. We have not seen an inclusive financing model in
Southeast Asia achieve what appears to be such a product-market
fit, and begin scaling as early as PasarMIKRO. PasarMIKRO is
incredibly capital efficient and has seen impressive disbursement
growth since day one."
Scott Krivokopich, Managing Partner of 1982 Ventures stated,
"Indonesia's agriculture ecosystem is massive and long overdue for
modernization. Dien's decades of experience in game development and
time spent in the field with farmers is the driving force behind
PasarMIKRO's impressive growth."
The funds will be used to expand PasarMIKRO's team and reach out to
more farming communities in Indonesia.
For media enquiries:
PasarMIKRO is a business-to-business aggregated agriculture
marketplace with integrated financing facilities. The platform aims
to simplify the transaction of farmers and traders in Indonesia's
agriculture market. For more information visit:
About 1982 Ventures:
1982 Ventures is the leading seed fund investing in fintech
startups in Southeast Asia. Our focus makes us the first port of
call for fintech founders and the first money in. Our investments
include Southeast Asian Open Banking API Platform Brick, Indonesian
Personal Finance App Pina, Indonesia's first Earned Wage Access
platform Wagely, Philippine MSME book-keeping app Lista, Vietnam's
leading investment platform Infina, Vietnam's leading "Buy Now, Pay
Later" Fundiin, Vietnam's Rent-to-Own Home Financing app
Homebaseand Singapore's automated financial data delivery platform
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.
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