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.