Indonesia

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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Ping An Aims to Bring In China’s Fintech Expertise to Indonesia

Ping An, the world’s largest insurer by value,  has announced the launch of it’s fintech arm OneConnect in Indonesia. The fintech arm will be offering a suite of services ranging from Artificial Intelligence, Blockchain, Biometrics and other tech that were

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UnPAY, Tencent Research Institute Released Whitepaper on Indonesia’s Payment Market

UnPAY and Tencent Research Institute have jointly published a whitepaper (in Chinese) on Indonesia’s payment market. This whitepaper focuses on hotspots and key issues of the payment system in Indonesia and is the second of its “Venturing Out” series. It aims

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Commonwealth Bank’s Wealthtech App Gains Swiss Expertise from Additiv

In today’s digital world, investors increasingly demand to be able to stay abreast of market developments and manage their financial assets from their mobile devices. However, most financial institutions struggle with delivering this experience as they are tied up in

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GO-JEK Announces Singapore Partnership with Carousell

Ride-hailing service GOJEK has today announced a partnership with Carousell, Singapore’s most popular consumer-to-consumer marketplace, to reward Carousell users who are new GOJEK riders with S$13 in ride vouchers. From today to Mar 6, Carousell users who download the GOJEK

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With Go-Jek’s New Acquisition, Could Blockchain Be A Secret Weapon Against Grab?

Thanks to Go-Jek’s diversification strategy, it’s pretty easy to get a glimpse about the company’s future direction based on what companies they’ve acquired or shook hands with. This time around, it’s come out that the US$9 billion-worth company gained a majority stake

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KinerjaPay Receives US$200 Mil Funding From Indonesian Investment Firm

KinerjaPay, a digital payment and e-commerce platform, announced that it has received US$200 from PT. Investa Wahana Group, Indonesia, divided into US$100 million in shares of the Company’s Series F and and another US$100 million in shares of the Company’s Series G

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5 of Indonesia Fintech’s Biggest Funding Rounds of 2018

DailySocial Indonesia recently released a report about their findings on the Indonesian fintech scene, recently notable with the rise of peer-to-peer (P2P) lending. Between December 2017 to November 2018, DailySocial observed at least 14 disclosed funding for fintech startups, noting

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