5 Indonesian Startups Backed by Y Combinator: Super, Verihubs, Upbank, Mature, and Titipku

Y Combinator (YC) is one of the world’s most prestigious startup accelerators, with alumni that include Airbnb, Dropbox, and Stripe. In recent years, Y Combinator has also opened doors for Indonesian startups, helping them scale and attract global investors.

In this article, we’ll explore five Indonesian startups that have joined Y Combinator—Super, Verihubs, Upbank, Mature, and Titipku—and how they are shaping the future of Indonesia’s tech ecosystem.

Why Y Combinator Matters for Indonesia

Indonesia is home to over 270 million people, a fast-growing digital economy, and a large population outside major cities that is still underserved. Startups solving problems in commerce, fintech, and identity verification have massive opportunities.

With YC’s mentorship, funding, and network, Indonesian startups gain credibility and the tools to scale globally.

1. Super: Social Commerce for Non-Metro Cities

Batch: YC Winter 2018

What They Do:Super is a social commerce platform designed for communities outside Indonesia’s big cities. Using a “community leader as agent” model, Super allows people in small towns to make group purchases, lowering prices and improving access to daily goods.

Why It Matters:

• Solves logistics and affordability challenges in rural Indonesia

• Raised $28 million in Series B funding (2021) led by SoftBank Ventures Asia and later secured $70 million in Series C (2022)

• Seen as Indonesia’s answer to Pinduoduo in China

  
  

2. Verihubs: AI-Powered Identity Verification

Batch: YC Summer 2021

What They Do:Verihubs provides AI identity verification, fraud detection, and compliance solutions. Its products include face recognition, anti-deepfake detection, and real-time verification systems.

Why It Matters:

• Trusted by banks, government institutions, and enterprises

• Ranked highly in international benchmarks (NIST FRVT) for face recognition

• Fills a growing need for digital trust as more Indonesians use fintech and online platforms

  
  

3. Titipku: Digitizing Traditional Markets

Batch: YC Summer 2021

What They Do:Titipku connects consumers with vendors in Indonesia’s traditional wet markets. Instead of visiting multiple stalls, users can order groceries from several merchants through one app, with personal shoppers handling fulfillment.

Why It Matters:

• There are over 16,000 local markets and 8 million merchants in Indonesia

• Helps micro-entrepreneurs and SMEs move from offline to online

• Supports digital inclusion for communities still reliant on traditional trade

  
  

4. Upbank: Emerging Fintech for SMEs

Batch: Reported as YC Winter 2022 (limited public info)

What They Do:Upbank, sometimes referred to as UpBanx, is a neobank-style startup providing digital banking and financing solutions for small and medium enterprises (SMEs).

Why It Matters:

• Early signals suggest a focus on transparent SME loans and easy transfers

• Reflects Indonesia’s demand for digital-first financial services

• Still early stage, with fewer public details compared to Super, Verihubs, or Titipku

  
  

5. Mature: A Hidden YC-Backed Player?

Batch: (Unverified, limited public records)

What We Know:Unlike the other startups, there’s very little public information about an Indonesian YC-backed startup named Mature. It’s possible that:

• The company uses a different spelling or name variation

• It’s very early stage and under the radar

• The YC connection is informal or not widely published

  
  

Key Takeaways

These five startups illustrate several patterns in Indonesia’s YC ecosystem:

• Commerce & Inclusion: Startups like Super and Titipku focus on bringing affordable goods and services to underserved communities

• Fintech & Trust: Verihubs and Upbank address critical issues of identity, compliance, and digital finance

• Early-Stage Opportunities: Companies like Mature show that more Indonesian founders are exploring YC, even if visibility is still limited

  
  

Final Thoughts

Y Combinator’s presence in Indonesia is still relatively new, but it signals global confidence in the country’s startup ecosystem. With a large population, rising internet adoption, and unique challenges, Indonesia has the potential to produce the next wave of billion-dollar companies.

Super, Verihubs, Titipku, Upbank, and Mature are just the beginning. As more Indonesian startups join Y Combinator, the country’s digital economy will continue to attract international attention.