Rezycology, a waste management startup, has raised $200,000 (approximately Rp 3.3 billion) in funding from the Canadian government and Impact Investment Exchange (IIX), a Singapore-based investment company. This investment was announced on 12/01, marking a significant milestone for the company.

The funding is part of the Impact Investment Readiness in Indonesia (IIRI) program, a joint initiative between Global Affairs Canada (GAC) and IIX. The program is designed to support companies focused on women's empowerment and social impact in Indonesia, providing them with training and access to investors.

Foreign Investment and Technical Assistance to Support Growth

In addition to the financial investment, Rezycology will receive technical assistance, which includes business capacity-building support. Rezycology CEO Octalia Stefani, also known as Fani, emphasized that the support goes beyond just funding. “So this is not just funding, but also support for business capacity development,” she explained in a statement.

The IIRI program aims to strengthen social enterprises through relevant business and financial training, as well as investment preparedness. The program helps businesses connect with investors and financial institutions, which is expected to create more opportunities for growth.

Rezycology's Role in Waste Collection and Recycling

Rezycology plays an important role in Indonesia’s waste management industry by collecting waste from scavengers and waste collectors. The company processes this waste into raw materials for recycling factories. It also provides digital waste management services to corporations and offers a shared ownership model for recycling factories.

Rezycology’s model is designed to improve conditions for waste collectors, who are often part of the informal sector. “We collaborate with collectors and scavengers. Rezycology helps them get more competitive prices according to the quality of the collected materials,” Stefani said.

Digital Platform Improves Price Transparency for Waste Collectors

The startup has developed a digital platform that acts as a marketplace for waste collection, allowing waste collectors to track prices and material quality. “If contamination can be reduced, prices rise, margins increase, and income becomes more stable,” Stefani added.

This digital tool helps waste collectors improve their earnings by monitoring price trends and minimizing contamination.

PHOTO: REZYCOLOGY

This article was created with AI assistance.

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