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TipTip is the go-to monetization platform for content creators across Southeast Asia and a one-stop-shopping & learning for digital contents and live sessions for everyone. As the creator economy grows across Southeast Asia, TipTip aims to accelerate creators income-earning opportunities by introducing innovative ways for creators to engage directly with their supporters through interactive video sessions and direct selling their digital creation. We provide native monetization features, such as on-platform tipping, as well as local KYC & payment integration to help creators earn more income. Our mission is to boost the creator economy by providing ways for creators to monetize their creations, and help broaden access for everyone to gain knowledge/digital creations directly from their trusted experts.

For more information about TipTip, please visit https://www.tiptip.co

Media Contact: media@tiptip.co

TipTip Announces Over US$ 13 Million Series A Funding Round Led by East Ventures

Jakarta, 28 November 2022 – TipTip, a monetization platform for content creators in Southeast Asia, secured its US$ 13 million Series A funding round, following the startup’s US$ 10 million seed round funding earlier this year. The Series A funding was led by East Ventures with continued participation from Vertex, SMDV, B.I.G. Ventures and prominent angels.
TipTip was founded in October 2021 by Albert Lucius to fill the void in serving the fast growth of content creators in the region. TipTip offers a marketplace that connects content creators and their fans, where they can create content, showcase and monetize by selling their digital content creations. The platform has seen incredible market acceptance since its official launch in Indonesia back in July 2022. Revenues grew more than 20x in the last two months alone since October 2022. TipTip’s hyperlocal strategy has also seen success in establishing hybrid online/offline presence across 40 cities in Indonesia.

Albert Lucius, CEO and Founder of TipTip, addressed the success in securing the investment. “We are incredibly honored and delighted by the continued trust and support of Southeast Asia’s leading investors in our oversubscribed Series-A round. We truly appreciate the partnership and we will use the funding to accelerate our platform adoption, diversify our product offerings and position TipTip as the top platform for content creators in Southeast Asia.”
The platform currently houses more than 2,500 content creators and over 30,000 users and aims to recruit more than 30,000 creators and 300,000 users by early next year. On average, creator-promoters earn more than US$200 within 30 days of being active at TipTip. Creators can earn income on the platform by selling their digital contents directly or via TipTip’s promoter network, as well as engaging fans through live sessions.

Willson Cuaca, Co-Founder and Managing Partner at East Ventures, said, “We strongly believe in Albert’s leadership at TipTip. His past experience in building & running Kudo before being acquired by Grab in 2017 continues to be pivotal in navigating the turbulent economy as we head into 2023. We expect TipTip to continue its exponential growth trajectory on the back of its hyperlocal strategy which adapts really well to the changing creator and customer behavior in the post- COVID era. There are immense growth opportunities on the horizon and we are really excited to continue supporting TipTip.”

Joo Hock Chua, Managing Partner of Vertex, added, “We believe in TipTip’s creator-promoter-supporter approach, which is designed to serve the long-tail market of the creator ecosystem. The company is uniquely positioned to solve real problems content creators are facing, which is monetization within their micro communities. With the assistance of TipTip’s promoter network, the platform enables creators to monetize their contents directly without depending on sheer number of views or advertising clicks.”

With an over 675 million population, TipTip aims to play a vital role in growing the creator economy in Southeast Asia.Triawan Munaf, President Commissioner of TipTip, former Minister of Indonesia’s National Creative Agency (BEKRAF)explained “As a platform founded by an Indonesian and managed by experienced regional leaders from Southeast Asia, I believe that TipTip is well positioned to understand and serve the local needs across the region. I am very proud to support TipTip’s mission to enhance the monetization experiences for content creators in Southeast Asia, starting from Indonesia.”

TipTip, a one-stop platform for content creators, raised US$ 10 million in seed funding led by East Ventures

TipTip, a soon-to-be-launched startup has successfully secured the seed funding prior to its exclusive launch in April 2022

This funding will accelerate TipTip in tapping into the content creator economy in the region, with the current focus on product development and platform adoption

JAKARTA, 29 March 2022 — TipTip, a one-stop platform for content creators across Southeast Asia, today announced that it has secured US$ 10 million in the seed funding round, marking one of the biggest seed rounds ever. This funding was led by East Ventures, with the participation from Vertex, EMTEK, SMDV, and prominent family offices.

TipTip was founded by Albert Lucius, where he brought his extensive experiences in the tech industry, including his successes in making a breakthrough impact through Kudo, which was acquired by Grab in 2017. Currently, TipTip operates in Indonesia and Singapore; and has amassed a team of more than 70 employees.

TipTip aims to be the go-to platform for creators to monetize their passions through personalized video sessions, the sale of premium digital contents, and direct interaction opportunities with their followers. It also serves as the solution to fill the massive features gap faced by content creators across emerging economies throughout Southeast Asia, such as lack of monetization opportunities, limited local payments & KYC integrations, as well as challenges related to content creation & distribution over mobile devices.

“We are elated to receive this round of funding and the trust from the investors prior to the public launch of TipTIp. It has further strengthened our belief in the potential of the content creator economy, and how the solutions offered by TipTip can serve as a one-stop solution for all content creators in the region,” said Albert Lucius, Founder of TipTip.

The investment will accelerate TipTip in tapping into the content creator economy in the region. The company is currently preparing for its upcoming by invitation exclusive launch in April 2022. It will also be followed by the public launch for the Indonesian market shortly after. Moreover, the funding will also be utilized to expand its team and accelerate platform adoption.

Commenting on the investment, Willson Cuaca, Co-Founder and Managing Partner of East Ventures said, “We believe in the potential of the content creator economy in the region, especially in how it has been accelerated during the Covid-19 pandemic. It is obvious to us that some of the consumer behavior that formed during the pandemic will stay beyond the pandemic, TipTip is well-positioned to capture that. This is a product for the post-pandemic world, that was designed during the pandemic.”

About East Ventures

East Ventures is a pioneering and leading sector-agnostic venture capital firm headquartered in Singapore. Founded in 2009, East Ventures has transformed into a holistic platform that provides multi-stage investment, including Seed and Growth for over 200 companies in Southeast Asia.

As an early believer in the startup ecosystem in Indonesia, East Ventures is the first investor of Indonesia's unicorn companies, namely Tokopedia and Traveloka. Other notable companies in East Ventures’ portfolio include Ruangguru, SIRCLO, Kudo (acquired by Grab), Loket (acquired by Gojek), Tech in Asia, Xendit, IDN Media, MokaPOS (acquired by Gojek), ShopBack, KoinWorks, Waresix, and Sociolla.

East Ventures was named the most consistent top performing VC fund globally by Preqin, and the most active investor in SEA and Indonesia by various media. Moreover, East Ventures is the first venture capital firm in Indonesia to sign the Principles of Responsible Investment (PRI) supported by the United Nations (UN). East Ventures is committed to achieving sustainable development and bringing positive impacts to society through its initiatives and ESG-embedded practices.

For more information about TipTip, please visit https://www.tiptip.co

Media Contact: media@tiptip.co