Indonesia

Visa to Invest in GOJEK and Collaborate on Digital Payments Across Southeast Asia

Visa, has invested in GOJEK, as part of the latter’s ongoing Series F fundraising round. The two companies will work together to provide greater options for cashless payments and more seamless experiences for consumers across Indonesia and Southeast Asia. With

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Go-Jek Has Brought in Rival E-Wallet LinkAja Into its Ecosystem

Go-Jek announced that it will integrate its rival e-wallet, LinkAja by the end of this year, which means that it will operate alongside Go-Pay within its extended ecosystem. Go-Pay is an extension of Go-Jek and often, seen as a rival

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Indonesia’s OVO Adopts Refinitiv’s World Check to Boost KYC Capabilities

OVO, one of Indonesia’s leading digital payments platform, has selected Refinitiv’s World-Check to support its Know-Your-Customer (KYC) and Anti-Money Laundering (AML) procedures to minimize its exposure to financial crime risks. This partnership comes at a time when OVO looks to

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Indonesian P2P Lender Koinworks Raises SGD$ 16.5 Million in Series B Round

KoinWorks, one of Indonesia’s key players in the peer-to-peer (P2P) lending space, OJK, today announced its Series B fundraise of S$16.5 million (IDR 170 billion). Prior to this funding round, Koinworks was seated firmly among the 10 top funded fintech

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Indonesia’s Central Bank Governor Unveils 5 Key Payments Initiative

Bank Indonesia Governor, Perry Warjiyo recently unveiled “Indonesia’s Payment System 2025 Vision” a strategic framework consisting of 5 key initiatives to future proof Indonesia’s payments ecosystem for a digital future. According to a press statement issued by the central bank,

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Bukalapak’s Fintech Could Outgrow its E-Commerce, Said Co-Founder

One cannot talk about startups in Indonesia without bringing up Bukalapak, arguably one of the biggest e-commerce platforms in the nation. Bukalapak has graduated from its startup roots and gained the coveted title of Indonesian unicorn. They are now in the

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Singapore’s tryb Invests in Indonesian Property Crowdfunding Platform Gradana

tryb announced today that it lead the pre-series A round for Gradana, a peer-to-peer property crowdfunding platform based in Indonesia. According to Gradana’s CEO Angela Oetama, one of the key challenges towards buying and renting property in Indonesia is the

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10 of the Top Fintech Startups in Indonesia for 2019

Fintech has entered a new age in Indonesia, most ostensibly represented when the wild wild west of the peer-to-peer lending scene in Indonesia is finally regulated by the Otoritas Jasa Keuangan (OJK), the country’s financial services authority. Standing as a nation

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An Indonesian Plot Twist: Fintech Akulaku Buys Stake into a Bank

Alibaba-backed Akulaku is the top funded fintech startups in Indonesia, and now a shareholder of a local bank as reported by Katadata. Akulaku reportedly made an Rp 500 billion (approximately SG$48 million) stake into PT Bank Yudha Bhakti Tbk (BBYB),

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Insurance & Indonesia: What Grab’s New US$1.46 Bil Brings to The Table

Grab has been accused of being the most capitalised startup in Southeast Asia’s history, and with this recent closing of a whopping Series H we find it hard to disagree. Grab opened this round round since June last year, and at its

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