ASEAN gets a tailored risk tracking tool

This article is a part of Startup Spotlight, a series that features young, up-and-coming startups.

Image credit: Timmy Loen

In 2021, Bobby Yulandika Putra sat across from Indonesian regulatory examiners who flagged a repeating control gap at his bank. Manual workflows and disconnected software made risk management nearly invisible until audit day.

Recognizing the market need, he launched Prospero to automate regulatory compliance. He later partnered with software engineer Paul-Adrian Mandravel in 2025 to build out the platform.

😟 Problem

Around 98% of over 129,000 financial institutions in Indonesia rely on spreadsheets for risk management. These manual workflows delay risk reporting by weeks, creating damage weeks before anyone can act on it. 

Existing enterprise tools like IBM OpenPages and MetricStream cost upwards of US$90,000 annually. These platforms take up to two years to deploy and lack native alignment with regional regulators.

💡 Solution

The startup offers a cloud-native risk intelligence platform that consolidates five separate tools into a single workflow. The platform’s features include: 

• Automating risk assessments and generating risk registers in real time.
• Monitoring risk indicators through an early warning system integrated via API.
• Triggering automated issue management and assigning personnel when risk thresholds are breached.
• Providing certified curricula and strategic advisory services for risk practitioners.

Image credit: Prospero

📊 Market size

The global enterprise risk management sector represents a US$30 billion market. Within Southeast Asia, the total addressable market reaches US$760 million annually.

Regulatory mandates pushing financial institutions toward digitized risk tracking continue to expand this opportunity.

🤝 Team

• Bobby Yulandika Putra. CEO and co-founder. He spent over 15 years in Indonesian financial risk management.
• Paul-Adrian Mandravel. CTO and co-founder. He brings over a decade of experience in software engineering, API integration, data security, and cloud deployment for regulated industries

🚀 Traction

• Secured five enterprise clients on multi-year contracts with a 95% retention rate.
• Signed an international reseller agreement in Malaysia to expand regional operations.
• Reduces reporting time by four times while deploying in under four weeks.
• Putra won the Founder of the Year title at the Global Startup Awards in 2026.

🏆 Competition

💰 Financials

🚩 Risks