About Cermati
Cermati is a company based in Jakarta (Indonesia) founded in 2014 by Carlo Gandasubrata, Oby Sumampouw, and Andhy Koesnandar.. Cermati has raised $2.92 million across 6 funding rounds from investors including Beenos, MDI Ventures and Djarum. Cermati offers products and services including Credit Card Comparison, Loan Comparison, and Insurance Comparison. Cermati operates in a competitive market with competitors including PasarPolis, Lifepal, tanamduit, HaloMoney and CekAja, among others.
- Headquarter Jakarta, Indonesia
- Founders Carlo Gandasubrata, Oby Sumampouw, Andhy Koesnandar
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Pt Agregasi Cermat Indonesia
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.92 M (USD)
in 6 rounds
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Latest Funding Round
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Investors
Beenos
& 4 more
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Employee Count
Employee Count
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Products & Services of Cermati
Cermati offers a comprehensive portfolio of products and services, including Credit Card Comparison, Loan Comparison, and Insurance Comparison. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for comparing and applying credit card options online.
Service to compare various loan products and their terms.
Tool for evaluating and selecting insurance plans digitally.
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Funding Insights of Cermati
Cermati has successfully raised a total of $2.92M across 6 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Last Round
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Series C - Cermati | Valuation | MDI Ventures | |
| Sep, 2018 | Amount | Series B - Cermati | Valuation | Djarum |
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| Nov, 2017 | Amount | Series A - Cermati | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cermati
Cermati has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Beenos, MDI Ventures and Djarum. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Corporate-backed venture capital is directed toward fintech and cloud sectors.
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Founded Year | Domain | Location | |
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Early-stage tech and offline focused VC firm investing in geographies such as Europe and South East Asia
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Founded Year | Domain | Location | |
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Venture capital firm investing in Southeast Asian startups and publishing reports on technology and sustainability.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cermati
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Cermati
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cermati Comparisons
Competitors of Cermati
Cermati operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as PasarPolis, Lifepal, tanamduit, HaloMoney and CekAja, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online insurance quotes for cellphone and health coverage are compared.
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| domain | founded_year | HQ Location |
Insurance policies are compared and purchased online through the platform.
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| domain | founded_year | HQ Location |
Financial planning and advisory services are provided to individuals.
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| domain | founded_year | HQ Location |
Financial products and services are compared via an online platform.
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| domain | founded_year | HQ Location |
Financial and insurance products are compared via an online platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cermati
Frequently Asked Questions about Cermati
When was Cermati founded?
Cermati was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Cermati located?
Cermati is headquartered in Jakarta, Indonesia. It is registered at Jakarta, Jakarta, Indonesia.
Who is the current CEO of Cermati?
Andhy Koesnandar is the current CEO of Cermati. They have also founded this company.
Is Cermati a funded company?
Cermati is a funded company, having raised a total of $2.92M across 6 funding rounds to date. The company's 1st funding round was a Series A of $1.02M, raised on Jul 09, 2015.
What does Cermati do?
Cermati was founded in 2014 and is based in Jakarta, Indonesia, within the fintech sector. A comparison platform is operated for various financial products, including personal and home loans, car and health insurance, credit cards, and savings accounts. Utility bill payments are also enabled via an Android app. Operations focus on facilitating informed choices for users in Indonesia.
Who are the top competitors of Cermati?
Cermati's top competitors include tanamduit, PasarPolis and Lifepal.
What products or services does Cermati offer?
Cermati offers Credit Card Comparison, Loan Comparison, and Insurance Comparison.
Who are Cermati's investors?
Cermati has 5 investors. Key investors include Beenos, MDI Ventures, Djarum, Finch Capital, and East Ventures.
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