Plug and Play Singapore announced today that two new partners have joined their Fintech and Insurtech programs, both coming from Indonesia. Astra International will be joining the Fintech program while Sequis Life will be joining the Insurtech platform. In this collaboration, both Indonesian companies will gain access to the global startups in Plug and Play’s ecosystem. Sequis Life joins MSIG and Willis Towers Watson in the Insurtech program, while Astra International joins Krung Thai Bank, and TVS Credit in participating in Plug and Play’s second Fintech program starting at the end of February.
“In order to be ready for the future, collaboration with startup companies has become one of Astra’s main priorities,” said Aloysius Budi Santoso, Chief Corporate Human Capital Development for Astra International. “This partnership with Plug and Play Singapore will create opportunities for us to search, select, and work with companies that can provide additional value to our current challenges.”
“As we reach our 35th year of serving the Indonesian community, we are excited to partner with Plug and Play to bring new life and health technologies to our customers,” said Tatang Widjaja, President Director and CEO at Sequis Life. “Connecting with startups through Plug and Play will bring us one step closer to achieving our goal to provide a seamless customer journey.”
Headquartered in Silicon Valley, Plug and Play’s global innovation platform provides connections between startups with emerging technologies and corporations looking to further develop their digitalization strategies and improve existing business models.
“We’re quite excited to start working with our first two Indonesian partners in our Fintech and Insurtech programs here in Singapore. Our goal is to become a regional innovation powerhouse for financial services, and in order to do so, it’s imperative to work with key players in all of the major markets in Southeast Asia,” said Kayvon Deldar, Program Head of Plug and Play’s Fintech and Insurtech programs in Singapore. “Indonesia is a huge area of opportunity for our startups to successfully scale in the region, and we’re looking forward to seeing flourishing partnerships from Astra International and Sequis Life as they work with our international pool of startups.”
Plug and Play Singapore has programs focused on Fintech, Insurtech, and Mobility, with plans to launch Supply Chain & Logistics and Travel & Hospitality later this year.
