Ecosystem Roundup: eFishery ex-CEO denies billion-rupiah salary claim | Kredivo acquires GajiGesa for ~US$12M | TECHCOOP raises US$70M

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Ecosystem Roundup: eFishery ex-CEO denies billion-rupiah salary claim | Kredivo acquires GajiGesa for ~US$12M | TECHCOOP raises US$70M - e27

Quick Summary:

Dear reader, The unravelling of Indonesia’s eFishery offers a sobering reminder of how quickly a celebrated success story can collapse.

Once Southeast Asia’s darling in the aquatech space and Indonesia’s only homegrown unicorn as of 2023, eFishery now faces an existential crisis amid allegations of systematic financial fraud spanning five years.

Gibran Huzaifah’s salary slips for Jan, Sept, Oct, and Nov 2024 show that his gross salary was about 313M rupiah (US$19,138, while his take-home pay was around 206M rupiah (US$12,550) per month.