Clik here to view.
Mastercard Rolls Out Cashless Payments for Jakarta’s MRT Commuters
Payment giant Mastercard has partnered with PT MRT Jakarta (Perseroda) to provide more payment options to commuters for cashless transit experiences. This announcement coincides with the renaming of...
View ArticleClik here to view.
JULO Steps up Digital Loans with Embedded Device Protection Insurance
JULO, an Indonesian fintech offering digital peer-to-peer lending, announced that it has launched ‘JULO Cares’, an embedded insurance coverage. This new offering, backed by global general insurer...
View ArticleClik here to view.
Payments Innovation in Indonesia to Drive Economic Growth and Financial...
Payments innovation in Indonesia holds significant promise for contributing to the nation’s economy and helping bring about a more inclusive, accessible, and equitable financial system. This system is...
View ArticleClik here to view.
Indonesian Neobank KOMUNAL Gears Up for Expansion with US$5.5M Funding
Indonesian fintech company KOMUNAL has secured US$ 5.5 million in a Series A+ funding round led by Sumitomo Corporation Equity Asia. The fundraise also saw participation from several venture capital...
View ArticleClik here to view.
Indonesian Agritech Semaai Raises US$4.7M, Sets Sights on Fintech Partnerships
Indonesian agritech startup Semaai has secured US$4.7 million in a pre-series A funding round led by CyberAgent Capital, bringing its total funds raised to US$ 7.6 million. The raise was also joined by...
View ArticleClik here to view.
Warburg Pincus-Backed Oona Insurance Names Vincent Soegianto as Indonesia CEO
Oona Insurance, a digital general insurance platform in Southeast Asia set up by Warburg Pincus, announced the appointment of Vincent C. Soegianto as the new CEO for its operations in Indonesia. A...
View ArticleClik here to view.
TOPPAN IDGATE Boosts Trust With Digital Identity Solutions for Banks
Effective digital identity solutions for banks are essential to prevent fraud and spoofing. This becomes intertwined with Anti-Money Laundering (AML) and behavior analysis in recent times. As we...
View ArticleClik here to view.
Swiss Global Enterprise Strengthens Its Regional Presence in Southeast Asia
As of January 1, 2024, Switzerland Global Enterprise (S-GE) has integrated its Singapore and Jakarta locations into the new Swiss Business Hub Southeast Asia + Pacific. This sees S-GE strengthen its...
View ArticleFormer Lazada Execs’ Insurance Marketplace Lifepal Acquired by Roojai
Thailand-based Roojai Group announced the acquisition of Lifepal, an Indonesian digital direct-to-consumer (D2C) insurance marketplace, according to a report by TechNode Global. Lifepal was founded in...
View ArticleClik here to view.
Reshaping the Chief Financial Officer Role in the Digital Age
Digital transformation and the proliferation of new technologies have catalysed an expansion in the Chief Financial Officer’s role, evolving CFOs from rearward-facing controllers to forward-looking...
View ArticleClik here to view.
East Ventures’ Managing Partner Koh Wai Kit Steps Down, Transitions to...
Indonesian venture capital firm East Ventures’ Koh Wai Kit, who had been serving as the Managing Partner since his appointment in 2021, has stepped down from his role. This was confirmed by sources...
View ArticleIndonesia’s Crypto Boom Stumbles, Trading Volumes Plummet 60% Amid Tax Concerns
Indonesia’s cryptocurrency market, previously known for its rapid adoption rates, experienced a significant downturn last year, as trading volumes on local crypto exchanges plummeted by 60% compared to...
View ArticleClik here to view.
DOKU Releases Wallet as a Service for E-Wallet Infrastructure Integration
Fintech firm DOKU recently announced the release of its new service, Wallet as a Service (WaaS). This new service provides an e-wallet infrastructure with APIs. This enables businesses to integrate...
View ArticleClik here to view.
Adrian Gunadi Steps Down as Investree CEO Amid Misconduct Claims
Indonesian lender Investree‘s co-founder and CEO Adrian A Gunadi has tendered his resignation, effective 31 January 2024. This move comes amid allegations of misconduct and various challenges faced by...
View ArticleClik here to view.
WeLab’s Bank Saqu Onboards 300K Users in Indonesia Within 2 Months of Launch
Bank Saqu, a newly launched Indonesian digital bank, has raked up 300,000 users within the first two months of its operation. The digital bank, a joint venture between Hong Kong’s WeLab and Astra...
View ArticleClik here to view.
Investree Plans Major Restructuring After CEO Adrian Gunadi’s Resignation
Investree, a peer-to-peer (P2P) lending fintech platform in Indonesia, has announced plans for a significant restructuring process to support its debtors who are facing financial difficulties. Adrian...
View ArticleInvestree Gets US$7M Lifeline from SBI Holdings, Earmarks Majority for Salaries
Beleaguered Indonesian peer-to-peer (P2P) lender Investree has reportedly secured a critical US$7 million rescue package from its existing investor SBI Holdings, according to DealStreetAsia. Investree...
View ArticleModalku’s Co-Founder Iwan Kurniawan Steps Down After 8 Years
SME digital financing platform Modalku’s Co-Founder Iwan Kurniawan announced that he will be officially stepping down from his leadership role after nearly eight years. Iwan, who spearheaded the...
View ArticleGoTo Shoots Down Rumours of Merger Talks With Grab
Indonesia’s GoTo Group, a ride-hailing service in Southeast Asia, denied reports that it is discussing a merger with Grab Holdings, another major player in the region. This announcement comes after...
View ArticleBezos-Backed B2B Marketplace Ula Reportedly Shutting Down Indonesia Office
B2B e-commerce marketplace Ula is reportedly on the verge of shutting down its Indonesian office. The news comes after the company experienced a period of “hibernation” in recent months, with its...
View Article