Hann Liew and Lucas Ooi, co-founders of Malaysian fintech Jirnexu, are leaving their leadership roles at the company, while Grab Indonesia’s president Ridzki Kramadibrata has stepped down from his executive position.
Co-founders of Malaysian fintech Jirnexu step down from leadership roles
Malaysia-based fintech firm Jirnexu’s co-founders Hann Liew and Lucas Ooi have left their leadership positions at the company, Liew stated in a LinkedIn post.
“…Lucas and I felt it was the right time to take a step back from day-to-day leadership and hand over the reins to the executive team,” Lew wrote.
“So, since the end of 2022, while Yuen Tuck Siew continues as Group CEO, he has been and continues to be ably supported by Jack Low, Martin Goh, Khoon Eong Lim, James Barnes and the rest of the JEMs to take RinggitPlus to further heights in 2023 and beyond,” he added.
RinggitPlus is a website for comparing financial products run by Jirnexu. Jirnexu was known as Saving Plus before it was founded in 2012. It helps banks and insurance firms streamline their application procedures and offers online tools and guidance to its users.
In 2018, Jirnexu closed a $11-million Series B round led by Japanese financial services firm SBI Group and joined by US-based SIG Asia Investments. The round brought Jirnexu’s total funding to $17 million.
Ridzki Kramadibrata moves to advisory role at Grab Indonesia
Grab Indonesia’s president Ridzki Kramadibrata has stepped down from his executive position and joined the company’s board of commissioners, effective from July 1, 2023, according to a post on his LinkedIn page. In his new position, Kramadibrata will provide advice regarding the business policies and governance of Grab Indonesia.
According to a company’s statement, Kramadibrata joined Grab Indonesia in June 2016 as a managing director where he helped develop Grab Indonesia’s operational area to 100 cities. He was then promoted to president in January 2019.
When the COVID-19 pandemic hit in 2020, Kramadibrata led Grab’s humanitarian programme to provide assistance to affected communities and collaborated with the Indonesian government to distribute vaccines to vulnerable communities in the country.
Before Grab, he was the Indonesian COO and regional director for AirAsia. Kramadibrata also held leadership positions in telco companies such as Bakrie Telecom and Smart Telecom.
Leadership reshuffles are likely to become more commonplace in Southeast Asia’s startup ecosystem as more and more mature enterprises prepare for the next chapter of their journey.
This development came only a few months after Grab announced in May that its co-founder Tan Hooi Ling will be stepping down from her operating roles by the end of 2023 to assume an advisory role with the company.
Earlier in June, Grab Holdings announced cuts of over 1,000 jobs to manage costs and reorganise the company in a competitive landscape. However, it is unclear how many people were affected in Indonesia.