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Indonesian BNPL Platform Kredivo Poised for an IPO Through US$2.5 Billion...
FinAccel, the parent company of Buy Now, Pay Later (BNPL) platform Kredivo, plans to go public through a special purpose acquisition company VPC Impact Acquisition Holdings II (VPCB) sponsored by...
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BRI Ventures to Launch Indonesia’s First VC Course With Local University
BRI Ventures, the corporate venture capital arm of Indonesia’s state-owned BRI Group, has collaborated with the School of Business and Management ITB (SBM ITB) to launch venture capital university...
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Mambu: Fintech Innovation Could Solve Indonesia’s Financial Inclusion Challenges
A recent study of 2,000 global consumers by Mambu, a banking and financial services platform, revealed that both banked and unbanked individuals feel underserved, with 56% of banked customers claiming...
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Indonesia and Thailand Launch Instant Cross-Border QR Payment Linkage
Bank Indonesia (BI) and the Bank of Thailand (BOT) launched a cross-border QR payment linkage between Indonesia and Thailand today. Under this linkage, consumers and merchants in both countries will be...
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Driving Financial Inclusion With BNPL and Smarter Decisioning
While news headlines broadcasting Buy Now, Pay Later’s (BNPL) incredible adoption trajectory are a daily occurrence, innovative lenders know that BNPL offers more than a growth story. It’s an...
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Former Lazada Execs’ Insurtech Lifepal Raises US$9 Million in Series A Fundraise
Lifepal, an Indonesian digital direct-to-consumer (D2C) insurance marketplace, announced it has raised an oversubscribed US$9 million Series A funding round, bringing the total capital raised to US$12...
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Indonesian P2P Lender Ringan Deploys OneConnect’s Digital Lending Solutions
Peer-to-peer lending app Ringan, deploys a suite of digital lending solutions built by OneConnect Financial Technology, an associate of Ping An Group, to provide Indonesians a seamless and secure loan...
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Indonesian Islamic Finance Struggles To Compete With Conventional Services
Banking and financial services platform Mambu released its research series named the Disruption Diaries which seeks to understand what people think of the key trends driving the development of...
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Indonesian BNPL Kredivo Begins SE Asian Expansion Plans with Vietnamese Launch
Kredivo, an Indonesian Buy Now, Pay Later (BNPL) platform, announced its expansion into Vietnam through a joint venture with Phoenix Holding, a family investment company based in the country. This move...
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Regulatory Tailwinds: A Look Into Indonesia’s New Digital Banking Framework
When Bank Indonesia released a new set of regulations for commercial banks last week, attention turned towards the long-awaited digital banking guidelines which were released alongside it. Indonesia...
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Financial Firms Should Leverage Data from Third-Party Providers
Financial services firms including banks, insurance providers and peer-to-peer (P2P) lenders are increasingly relying on predictive models built using artificial intelligence (AI) and machine learning...
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Indonesian Payments Firm Xendit Minted as Unicorn With US$150 Million Fundraise
Indonesian payments firm Xendit is now a unicorn with the closing of its US$150 million Series C funding round. The round was led by Tiger Global Management with participation from existing investor...
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Payments Firm OY! Indonesia Bags US$30 Million in Series A Led by SoftBank
Indonesian payments aggregator OY! Indonesia announced that it has raised US$30 million (Rp. 443.2 billion) in a Series A funding round led by SoftBank Ventures Asia (SBVA). The financing round was...
View ArticleFinAccel Raises Additional US$125 Million PIPE Investment Ahead of IPO Plans
FinAccel, the parent company of Buy Now, Pay Later (BNPL) platform Kredivo, announced that three of its existing investors has joined its PIPE deal which is in excess of US$125 million. The investors...
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Indonesian E-Commerce Firm Ula Bags US$87 Million From Jeff Bezos, Tencent
Indonesian B2B e-commerce marketplace Ula has raised US$87 million in a Series B funding round co-led by Prosus Ventures, Tencent and B-Capital. The trio are joined by Amazon founder Jeff Bezos’ Bezos...
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Ribbit Capital Snaps up a Minority Stake in Indonesian Digital Bank Jago
Venture capital firm Ribbit Capital has snapped up a minority stake in Bank Jago, a Gojek-backed digital bank. Ribbit Capital had previously invested in Tinkoff, Revolut, BharatPe, Robinhood, Affirm,...
View ArticleFintech Activity Accelerates in Indonesia With Multiple Startup Fundraises
Fintech activity is accelerating in Indonesia, a trend marked by significant startup venture capital rounds, accelerated growth of local fintech startups, and increased participation of foreign...
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Indonesia: An Insider’s View into ASEAN’s Fintech Crown Jewel
Indonesia’s fintech industry is entering a new era of growth and maturity, triggered by the COVID-19 pandemic, booming venture funding activity, and a proactive regulatory environment that has...
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Buy Now, Pay Later Adoption Takes off in Indonesia
Buy now, pay later (BNPL), also referred to as paylater, has become one of the most popular payment options in Indonesia. After digital money (82.2%), it’s the second most used fintech product in the...
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Booming Indonesian Digital Finance Sector to See Revenues Reach US$8.6B by 2025
Indonesia, the largest economy in Southeast Asia and the eighth largest in the world in terms of purchasing power parity, has become one of the fastest growing fintech markets in the region. By 2025,...
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