Jakarta, Indonesia
RateS is a pioneering Indonesia-focused, membership-based social commerce platform that aims to empower small businesses and individuals with the tools needed to initiate online ventures. Launched in 2016, RateS addresses crucial inefficiencies in the online retail space, particularly around sourcing, distribution, and credit, thereby enabling resellers to enhance their selling capabilities both online and offline.
What sets RateS apart is its smart use of technology to modernize. By creating a social distribution channel, RateS effectively leverages its network of resellers and agents to penetrate rural Indonesia, tapping into previously underserved markets. Operating within the Blockchain and E-Commerce industries, the platform is well-positioned at the intersection of technology and grassroots entrepreneurship.
The company received its last investment sum of $1.50M in the form of debt financing from Genesis Alternative Ventures on January 24, 2022. This indicates solid investor confidence and provides the company with the necessary capital to fuel its growth ambitions across Indonesia.
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