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 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 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 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. 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.

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About PasarMIKRO:
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: https://www.pasarmikro.id.

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 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

ING backs first of its kind sustainable securitisation transaction for Bayfront Infrastructure Management

ING acted as joint global coordinator and sole sustainability structuring advisor for Singapore government sponsored Bayfront Infrastructure Management on its second infrastructure asset-backed securitised (IABS) issuance, Bayfront Infrastructure Capital II. This was successfully priced at $401 million and leverages Bayfront’s sustainable finance framework, which ING played a key role in developing.

A significant milestone in the securitisation of project and infrastructure debt in Asia, this is the first time a sustainability tranche is included in such an issuance.

“This is a feature we think will be more commonly seen going forward given the increasing demand for sustainable investment opportunities globally and a focus on generation of sustainable infrastructure assets in emerging markets” said Jordan Batchelor, ING’s head of Global Balance Sheet Distribution APAC.

Launched in 2019, Bayfront is a strategic partnership between the Singapore government and the Asian Infrastructure Investment Bank that aims to address the infrastructure financing gap in the Asia-Pacific region on the back of growing demand in recent years. The focus on sustainability gives institutional investors such as insurance companies, pension funds and specialised asset managers an opportunity to contribute to the achievement of UN Sustainable Development Goals in the region.

The transaction offers investors exposure to a portfolio of 27 project and infrastructure loans, diversified across 13 countries and eight industry sub-sectors. Approximately $184.8 million, or 46%, of the portfolio is considered eligible sustainable (green or social) assets in accordance with Bayfront’s sustainable finance framework. Additionally, ING supported Bayfront in receiving a positive second party opinion from international verification body DNV, as well as a dedicated pre-issuance report showcasing the alignment of the included eligible assets with its sustainable finance framework.

More importantly, the unique sustainability tranche has proven that sustainability and material gains to the bottom line can go hand-in-hand.

Helge Muenkel, head of Asia Pacific Sustainable Finance & Global Capital Markets explained: “This transaction shows there can be quantifiable benefits for businesses, despite the additional work and costs involved in making a bond issuance sustainable. The final pricing resulted in a differential of 5bps tighter for the sustainable tranche, which is highly instructive for the CFOs and heads of Treasury that we speak to and signals that the commitment to a greener future can pay off in the longer run. More importantly, it links new institutional investors to sustainable infrastructure assets and brings capital to sustainable projects that contribute to a better future.”

AU21 Backs XFai’s Reimagined Future of DeFi

AU21, one of the most reputable venture capital firms in the world focusing on blockchain and digital assets, has decided to partner with XFai through a strategic investment. The partnership comes at an important time, as XFai’s proposed changes in the DeFi space are quickly gaining momentum as the project’s public token sale — referred to as Liquidity Generation Event (LGE) — is quickly approaching. AU21 is proud to be bound to XFai by providing its support and access to its network for XFai to reach a wider audience within the DeFi space and help revolutionize the industry.

XFai is a project set to chart a new course for how investors and projects interact within the DeFi ecosystem. It develops various tools that chart the liquidity depth and the order book of both DEX (decentralized exchanges) and CEX (centralized exchanges). Using its native-built DLO (DEX Liquidity Oracle), XFai shifts the liquidity between DEX and CEX dynamically to allow investors on DEX to benefit from free-flowing token liquidity, ultimately freeing the investors to enjoy optimized trading grounds on decentralized exchanges. XFai’s DLO is equipped with anti-slippage technology and an efficient one-sided provisioning, allowing both investors and liquidity farmers to minimize costs while enjoying transparency that shows the actual impact of their trading actions. Moreover, DLO allows partnered small and mid-cap tokens to benefit from APY earnings, allowing holders and projects to gain a bolstered income by choosing to stake their tokens in the liquidity pool.

AU21, the newest investor to be announced as part of XFai’s increasing list of stellar venture capital partners, has an impressive track record of leading projects to astounding success. Founded in 2017, AU21 quickly rose to become one of the most renowned names in the blockchain space. The venture capital firm has been involved in the success of various projects such as the Graph, Synthetix, Centrifuge, Polkadot and Elrond.

“We are proud to announce our backing of XFai and their autonomous liquidity management solution for cryptocurrencies. The DEX Liquidity Oracle achieves several technological milestones in decentralized liquidity provision, and will serve to create a more efficient and accessible marketplace for digital assets,” comments AU21.

About AU21

XFai is set to open the doors to public investors on April 8 through its Liquidity Generation Event (LGE). Unlike traditional Token Generation Event (TGE), the LGE is designed to allow participants to purchase the XFIT tokens and stake them in the liquidity pool in one step and one interface, compared to the normal procedure which would involve up to 4 steps and the hassle of navigating multiple interfaces. The unique launch mechanism, developed by XFai, is expected to set a new standard on how tokens are offered to the public. The LGE also dramatically lowers the likelihood of failed transactions, protecting the participating investors from paying high gas fees for those transactions. Moreover, the one-step mechanism is designed to save the participants from paying exuberantly high gas fees, which has been severely affecting the recent DeFi space. XFai’s XFIT LGE is set to launch on April 8, 2021.

We thank the support of AU21, and look forward to changing the current DeFi landscape for the better through the guidance of AU21.

About XFai

XFai develops tooling for the DeFi space, graphing it to build game-changing products. The XFai DLO is set to invite mid and small-cap tokens to start earning APY on their token holdings, while the XFai LGE is set to become industry-first in providing a more efficient, transparent, and fair way for everyone to get involved at an early stage. The LGE for XFai’s native token, XFIT, is set to launch on 8th April 2021. We invite everyone to join the DeFi revolution, spearheaded by XFai.