ratex
(3)
Jake Goh and the business of making business easier
He began by helping shoppers pay less across borders. With RateS, Goh Jian Kai (Jake) turned his attention to the work that keeps would-be shopkeepers from making their first sale.
RateS
RateS was a Singapore-born, Indonesia-focused social commerce platform that let anyone - housewives, students, small shop owners - start an online business with no inventory and no upfront capital. The app sourced products directly from suppliers and handled warehousing, logistics, payments and financing, while its network of micro-entrepreneurs handled sales through their social networks. Spun out of the foreign-exchange startup RateX, RateS grew to more than 500,000 resellers across Indonesia's tier-2 and tier-3 cities before being acquired by e-commerce enabler SIRCLO in 2023.
Garrison John
Garrison John is a chief executive associated with RateS, the Indonesia-focused social commerce platform that turns housewives, students, and small-town hustlers into online resellers. The company began life in Singapore in 2017 as the e-commerce payments startup RateX before pivoting into social commerce across Indonesia's tier-2 and tier-3 cities. Listed on LinkedIn with a Harvard education and based in the New York City metropolitan area, John sits at the intersection of Wall Street financing logic and warung-level commerce, where the whole game is shaving inefficiency out of sourcing, supply chain, inventory, and working capital for half a million resellers.