From Libra to WhatsApp Pay — A Glance at Facebook’s Fintech Play
For years, social networking giant Facebook has shown interest in the fintech market, partnering with PayPal to build digital payment capabilities into its Messenger app, testing and introducing...
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Fintech Lending to Drive Indonesia’s Economic Growth
As the world’s fourth most populous country in the world, with more than 60% of its population of working age, Indonesia has unique economic potential. However, one of the key elements needed for the...
View ArticleSingaporean Insurtech Axinan To Provide Digital Insurance for Indonesian...
Singapore-based insurtech firm Axinan announced today their partnership with leading Indonesian e-commerce unicorn Bukalapak during a press conference. The collaboration between Axinan and Bukalapak...
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TranSwap Gets Regulator Approval to Launch Remittance Services in Indonesia
Home-grown cross-border payments platform TranSwap today announced that it has successfully obtained its money remittance Fund Transfer Operator license from Bank Indonesia, which will enable them to...
View ArticleKredivo Closes up to US$20m Credit Line with Partners for Growth
Jakarta-headquartered Kredivo, a digital credit platform for retail borrowers across Indonesia, and Partners for Growth V, L.P. (PFG), a venture debt firm in the U.S. and Australia, announced today...
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Indonesia-Based Lending Fintech Raises US$ 24 Million in Gobi Partners Led Round
Indonesia based SuperAtom has closed its latest funding round of US$24 million. The round was led by Gobi Partners through the Meranti ASEAN Growth Fund with NYSE-listed Cheetah Mobile as a...
View ArticleGrab Reportedly Eyeing to Merge OVO and Dana in a Bid to Compete with Gojek
Ride-hailing giant and super-app aspirant Grab is rumoured to be in talks to merge Indonesian digital payments firm OVO with DANA in which Grab is eyeing to acquire a majority interest in. Currently,...
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Indonesian Micro Saving Fintech Receives Over US$3M in Funding Led by...
Pluang, a fintech startup providing digital micro-savings for Indonesians (formerly known as EmasDigi), officially announced today its US$3 million Series A funding led by Go-Ventures. Prior to the...
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Indonesian P2P Lending Firm PinjamWinWin Secures Funding from SOSV MOX
PinjamWinWin, a Peer-to-Peer (P2P) lending fintech company, today announces that it has raised funding from SOSV. The P2P lending firms claims to have successfully disbursed over US$9 million in loans,...
View ArticleSouth East Asia Largest Online Travel Startup Aims To Issue 5 Million Payment...
Traveloka and Indonesia’s Bank BRI entered into a partnership to launch PayLater Card. The card can be used in Indonesia and around the world for both online and offline transactions by leveraging the...
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Indonesia’s P2P Lending Sector Sees 642% Growth in Disbursements
Peer-to-peer (P2P) lending is a booming sector in Indonesia’s rapidly growing fintech industry, representing 43% of the country’s fintech companies, according to a paper by the Asian Development Bank...
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Kredivo’s Parent FinAccel Raises US$90 Million; Doubles Down on Growth in...
Singapore-headquartered FinAccel, a fintech firm that enables Indonesian consumers to buy online and pay later under the brand Kredivo, has raised US$90 million in a Series C equity funding round to...
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The Digital Ecosystems That Will Help Indonesia Reach 80% Financial Inclusion
The Southeast Asia Internet Economy Report 2019 by Google, Temasek, and Bain & Company predicts that Indonesia’s digital economy will more than triple to US$133 billion in 2025, driven largely by...
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OVO and Bareksa Partner to Enable Investments for All Indonesians
Ovo, one of Indonesia’s leading digital payment and digital financial services platform kicks off its collaboration with Bareksa, an integrated online mutual fund marketplace. From early February...
View ArticleIndonesia’s is WeChat Pay and Alipay’s Next Battleground
The mobile payment scene in Indonesia is burgeoning, with research indicating that it will exceed US$ 15 billion by this year. This trend is largely driven by heavy investments into the space by major...
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Standard Chartered Goes Big on Platformification Strategy with Nexus
Today, Standard Chartered launched its “Banking as a Service” solution, nexus. Through nexus, digital platforms and ecosystems like e-commerce, social media or ride hailing companies, will be able to...
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5 Emerging Fintech Startups from Indonesia to Watch in 2020
The Indonesian fintech industry witnessed steady growth in 2019 with several companies in the sector reaching notable scale and recognition. Ovo, a digital wallet, emerged as the country’s fifth...
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10 Fastest Growing Fintechs in Indonesia According to IDC
IDC Financial Insights today released the 2020 update of its FinTech Fast 101 research which details a list of fast-growing fintechs in Asia/Pacific excluding Japan (APEJ) from 11 key markets. IDC’s...
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The State of Finance App Marketing: Finance Apps on the Rise in Southeast Asia
AppsFlyer released its first edition of the State of Finance App Marketing report, which tracked 4.6 billion app installs across more than 3,000 different apps globally since H2 2017 to H2 2019,...
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Insurtech Qoala Raises US$ 13.5 Million Despite COVID-19 Funding Slump
Qoala an insurtech headquarted out of Jakarta, today announced its successful US$13.5 million Series A fundraise. The round was led by Centauri Fund – a JV between funds from South Korea’s Kookmin Bank...
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