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Siam Commercial Bank Pours in US$100 Million Into Indonesia’s Akulaku
Akulaku, an Indonesian Buy Now Pay Later (BNPL) player, announced that it has received US$100 million from the Siam Commercial Bank (SCB). This follows Akulaku’s successful fundraise of US$125 million...
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AirAsia Rolls Out Financial Marketplace “Airasia Money” in Indonesia
AirAsia announced that it has rolled out a marketplace for financial products called ” airasia money” in Indonesia. Integrated within the AirAsia superapp, airasia money is a marketplace for financial...
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7 Early-Stage Fintech Startups from Indonesia to Follow in 2022
In Southeast Asia, Indonesia is fast becoming a fintech powerhouse as investors continue to pour money into young, innovative startups seeking to tap into the country’s massive population of...
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FinAccel Scraps SPAC Merger Deal With Victoria Park
FinAccel, the parent company of Indonesian Buy Now, Pay Later (BNPL) platform Kredivo, has scrapped its plans to merge with VPC Impact Acquisition Holdings II (VPCB), a publicly traded special purpose...
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Indonesia’s GoTo Set to Raise up to US$1.1 Billion With IPO
Indonesia’s GoTo Group announced its plan to carry out an initial public offering (IPO) on the Indonesia Stock Exchange (IDX). The IPO is expected to raise proceeds of at least IDR 15.2 trillion...
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Earned Wage Access Firm wagely Raises US$8.3 Million in Pre-series A Funding
wagely, an Indonesian financial wellness platform, announced that it has raised US$8.3 million in an oversubscribed pre-series A funding as the company scales its platform to help workers access their...
View ArticleBank Rakyat Indonesia Partners Modal Rakyat to Bolster P2P Lending
Bank Rakyat Indonesia (BRI) has formed a partnership with Modal Rakyat, a fintech startup company that has grown incredibly fast in terms of funding value as well as numbers of lenders and debtors. As...
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FinAccel Snaps up 75% Stake in Bank Bisnis to Bolster Its Digital Banking Plans
FinAccel Teknologi Indonesia, a directly controlled subsidiary of FinAccel which is the parent company of Kredivo, has announced the acquisition of a majority stake in Bank Bisnis Internasional, an...
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Investment App Gotrade Raises US$15.5 Million, Expands to Indonesia
Fractional share trading startup Gotrade has raised US$15.5 million in a Series A round led by Velocity Capital Fintech Ventures, bringing its total funding to US$22.5 million. The funding round also...
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Gobi Partners, Ozora Launch US$10 Million Fund for Indonesian Female Founders
Venture capital (VC) firms Gobi Partners and Ozora Yatrapaktaja have partnered to launch a US$10 million seed fund for women-led startups in Indonesia, called the Ratu Nusa Fund. The fund will support...
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Indonesian Digital Lender JULO Bags US$80 Million Funding From Credit Saison
Indonesian digital lender JULO announced that it has secured US$80 million funding from Credit Saison, a Japanese financial services company affiliated to Mizuho Financial Group. This funding includes...
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BIS and Bank Indonesia Launch the Third G20 TechSprint Focused on CBDCs
The Bank for International Settlements (BIS) Innovation Hub and Bank Indonesia has launched the third G20 TechSprint Initiative, focused on developing new solutions for central bank digital currencies...
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Funding Societies Makes Co-investment in Indonesia’s Bank Index
Funding Societies, Southeast Asian SME digital financing platform also known as Modalku in Indonesia, announced its investment into Indonesia’s Bank Index alongside Carro, a Southeast Asian automotive...
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Indonesia’s Incumbent BRI Pushes BRImo Mobile App as Part of Its Digital...
Bank Rakyat Indonesia (BRI), one of Indonesia’s oldest and largest financial institutions, has embarked on a major digital transformation plan by embracing data, innovative technology and industry...
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Indonesia’s East Ventures Raises US$550 Million for Its Latest Fund
East Ventures, an Indonesia-focused venture capital firm, has raised a total of US$ 550 million in the final close of its latest funds. The venture firm said that it will allocate US$ 150 million for...
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Indonesian Lender Investree Set to Acquire 18.4% Stake in Bank Amar
Investree, an Indonesian B2B marketplace lending platform for Micro, Small and Medium Enterprises (MSMEs), is set to acquire an 18.4% minority stake in PT Bank Amar Indonesia, a licensed commercial...
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Indonesian Insurtech Qoala Raises US$65 Million in Series B
Indonesian insurtech startup Qoala announced that it has successfully raised US$ 65 million in a Series B funding round led by European investment firm Eurazeo. With the new funds, Qoala aims to add...
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Indonesian Fintech Unicorn Xendit Raises US$300 Million Series D
Xendit, an Indonesian payment gateway for businesses, announced that it closed US$300 million in a Series D funding round, bringing its total funds raised to US$538 million. Coatue and Insight Partners...
View ArticleIndonesian Robo-Advisor Bibit Raises US$80 Million in Fundraise Led by GIC
Indonesian digital investment app Bibit announced that it has raised more than US$80 million in a funding round led by GIC, joined by Prosus Ventures and other existing investors. Bibit said that the...
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Indonesian Crypto Investment Platform Pintu Raises US$113 Million Series B
Pintu, an Indonesian crypto asset trading and investment platform, announced that it has closed a Series B funding round of US$113 million (Rp. 1.6 trillion). Investors joining the round include Intudo...
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