SMEPack and X3labs Get Funding from SKALA by Innovation Factory

Indonesia with its large population and thriving digital landscape is an attractive market for innovative startups, particularly in the technology industry. The SKALA by Innovation Factory Accelerator Program provides active support and guidance to assist startups in developing their business. SKALA is the first pre-seed accelerator program in Indonesia that focuses on metrics and growth.

This year, two startups received strategic funding, mentoring and business support from SKALA which not only served expansion but also developed strong core products and sustainable businesses.

The following highlights the top 2 Founders Spotlight by SKALA Accelerator Program:

Now Indonesian SMEs can connect to the HASSLE-FREE global market with the SMEs Pack.

Founded in 2020 by Hendriansyah, SMEs Pack is a startup that has revolutionized the SME business by addressing supply chain and distribution issues. This B2B trade aggregator operating in Southeast Asia, the Middle East and Australia connects SMEs with direct buyers to offer transparent prices and sustainable quantities.

Hendriansyah is originally from Jepara, which is known for its furniture industry. It was there that he witnessed the competitiveness of the furniture industry through his parents' furniture export company where this experience sparked a passion to support and empower SMEs.

He recognizes the tremendous potential and talent that lies within the business, but also understands the challenges they pose to larger, more established companies. Hence the desire to create a platform that could provide resources, guidance and networking opportunities to help them thrive in this competitive environment.

By empowering SMEs and fostering a collaborative environment, SMEs Pack aims to contribute to the growth and success of this business, not only in Jepara but also in other regions.

Exploring the Crypto Market to redefine Digital Asset Management with x3Labs

X3labs is a finance company focused on the fast growing crypto market in Southeast Asia. Founded in 2019 by Daniel Suwahjo, Willbert, and Dendito, this innovative startup offers a digital asset management platform to help businesses manage their crypto assets effectively. In addition, X3labs provides secure physical cards equipped with military-grade security features to store crypto assets.

The company also offers wealth management services, enabling individuals to generate income from their crypto assets. The story behind X3labs started as a response to a significant cryptocurrency scandal in 2022, which resulted in the bankruptcy of several well-known platforms.

At that time, cryptocurrency gained immense popularity due to its new approach to financial services and the founders were inspired by its promise to provide financial freedom and access to financial products that were not available before. However, their optimism is dashed when they lose their life savings due to mismanagement and risks associated with a trusted platform they have personally invested in.

This devastating event highlighted the need for trustworthy and decentralized banking solutions in the crypto industry. Therefore, the founding team set about creating a platform that would provide the promised empowerment and financial security.