Issue link: http://endeavor.uberflip.com/i/210522
ENDEAVOR IMPACT REPORT 2012 – 2013 ENTREPRENEUR SPOTLIGHT INDONESIA Endeavor Indonesia supports 5 entrepreneurs from 5 companies. Niki Luhur company Kartuku selected 2012 industry Mobile Payments employees at selection 300 employees 2013 354 revenue 2011 $3.9m revenue 2012 $5.4m ENDEAVOR MAIN OFFICE JAKARTA (2012) news In its first year of operations, Endeavor Indonesia screened over 1,000 entrepreneurs, ultimately bringing the five candidates with the most high‐impact potential to International Selection Panels, where they were successfully selected as Endeavor Entrepreneurs. The office also developed a portfolio of 37 mentors, including business leaders from the media, finance, consulting, and energy sectors. 52 Sugianto Tandio, the founder of Tirta Marta, won a Schwab Foundation Social Entrepreneur of the Year 2013 award. Forbes Indonesia highlighted Endeavor's presence in Indonesia in its June 2013 edition. Vincent Iswaratioso, the CEO of Indomog, was featured by The Jakarta Globe as a pioneer in the online payments industry. Indomog recently signed an agreement with a leading local chain, adding 7,000 outlets to its distribution channel. Indonesia's payment ecosystem has historically struggled with widespread inefficiencies—poor infrastructure, insecure cardholder data storage, and registers prone to human and mechanical error. And with the number of credit and debit cards in circulation growing at 15% per year over the last five years, the market is in dire need of modernization. Enter Kartuku, the country's first provider of integrated end–to–end electronic payment services. Led by Niki Luhur, Kartuku counts 11 out of 12 major Indonesian banks as clients, as well as a number of large retailers. Looking ahead, Niki plans to add bill payment, data analytics, and market intelligence to Kartuku's roster of services.