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Bukalapak Snaps up Majority Stake in Malaysia’s iPrice
Indonesian e-commerce platform Bukalapak has acquired a majority stake in Malaysian price comparison platform iPrice. Details of the transaction was not disclosed. This acquisition comes on the heels...
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What Does Indonesia’s Fintech Scene Look Like in 2023?
Indonesia’s fintech industry is expanding rapidly, driven by rising consumer adoption, demand for innovative digital financial products and a dynamic venture capital (VC) landscape. Moving forward, the...
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Can Value Chain Innovation Enhance Indonesia’s Digital Finance Landscape?
Indonesia’s financial services industry (FSI) is set for considerable growth and innovation as it adapts to the rapidly evolving global business environment. The robust growth of the Indonesian...
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TOPPAN IDGATE Offers Highly Secure Authentication for Digital Banking
Digital technology is increasingly transforming financial services. In the era of mobile devices, digital services through mobile apps have become part of our daily lives. The question now is whether...
View ArticleIndonesian VC East Ventures Raises US$250 Million for Its Growth Plus Fund
Indonesia-focused venture capital firm East Ventures announced the first and final close of its US$250 million Growth Plus fund. The fund will specifically target its own portfolio companies that...
View ArticleIndonesian Credit Scoring Firm Skorlife Raises US$4 Million Seed Funding
Indonesian credit scoring firm Skorlife has secured US$4 million in a seed funding round led by Hummingbird Ventures and joined by QED Investors, AC Ventures, and Saison Capital. Skorlife had...
View ArticleIndonesian Digital Mortgage Firm Ringkas Snags US$3.5 Million Seed Funding
Ringkas, an Indonesian digital mortgage startup, has raised a US$3.5 million seed funding round in a bid to address homeownership challenges in the country, according to a report by e27. Led by East...
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EWA Firm Paywatch Expands to Indonesia With Bank KB Bukopin Partnership
Earned Wage Access (EWA) service provider Paywatch has expanded its footprint to Indonesia with a partnership with Indonesia’s Bank KB Bukopin. The firm joins the growing EWA landscape in Indonesia...
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TOPPAN IDGATE Deploys Facial Recognition Tech on Kiosks for Digital Onboarding
It can be difficult for financial institutions to rely exclusively on physical branches for comprehensive service for certain markets, particularly those spanning large territories. In such cases,...
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Patrick Walujo Steps up as President Director and CEO of GoTo
Andre Soelistyo has resigned from his position as the president director of Indonesian superapp and e-commerce platform provider GoTo. The move was approved by shareholders during GoTo’s annual general...
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Grab Indonesia’s President Ridzki Kramadibrata Moves on to Commissioner Role
Southeast Asian superapp Grab Indonesia has appointed Ridzki Kramadibrata as a member of the Board of Commissioners, effective 1 July 2023 onwards. Ridzki joined Grab Indonesia as a Managing Director...
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Are Super Apps the Path to Success for Indonesia’s E-Wallets?
In recent years, Asia has seen an explosion in the usage of e-wallets, particularly in Indonesia, where transaction values of 33.4 percent year-on-year (y/y) to IDR 407.53 trillion (approx. US$27.63...
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79% of Indonesian Financial Institutions Believe in Data-Driven Decision-Making
In an era driven by data and technological innovation, the financial sector finds itself at the intersection of analytics and business strategy. Indonesian financial institutions (FIs) recognise the...
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Unleash Digital Mastery at AWS Cloud Day Indonesia
In the rapidly evolving landscape of technology, the ability to adapt, innovate, and embrace change has become a cornerstone of organisational success. The imperative to embrace innovation and...
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A Smarter Way for Corporate Banking Authentication
In the wake of the pandemic that struck in 2020, businesses have been severely affected. A study by the World Bank found that one-quarter of businesses saw their sales fall by 50%. Today, three and a...
View ArticleIndonesian Lender Investree Raises US$231 Million Series D
Investree, an Indonesian B2B marketplace lending platform for Micro, Small and Medium Enterprises (MSMEs), has raised US$231 million in a Series D funding round. The fundraise was led by Qatar’s JTA...
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KakaoBank to Snap Up 10% Stake in Indonesia’s Superbank
KakaoBank, a South Korean digital-only bank, is set to acquire a 10% stake in Superbank, a new digital-focused bank in Indonesia formerly known as Bank Fama. Superbank is backed by a consortium...
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7 Hot Fintech Startups in Indonesia to Watch
Indonesia’s fintech sector has evolved tremendously over the past decade, witnessing a sixfold increase in its number players from a mere 51 active fintech companies in 2011 to 334 in 2022, data from...
View ArticleHarnessing Responsible AI in the Financial Sector
Artificial Intelligence (AI) has become integral to our daily lives, driving technological advancements and enhancing various industries, including finance. However, the increasing use of AI also...
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Indonesia’s LUNA Secures Funding to Expand Its Reach
LUNA, an Indonesian embedded fintech and vertical SaaS platform for retailers and MSMEs, has raised funding from TNB Aura, Seedstars, 1982 Ventures, Century Oak Capital, and Prasetia Dwidharma. The sum...
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