Posts From Fintechnews Indonesia

Indonesian P2P Lender Amartha Secures US$ 28 Million From Women’s World Banking

Amartha, a P2P lending platform in Indonesia, received new funding worth US$ 28 million (IDR 405 billion) led by Women’s World Banking Capital Partners II (WWB) and MDI Ventures. WWB Capital Partners II is the second gender lens investment fund

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Indonesian Robo Advisor Bibit Bags US$ 65 Million in Funding Round Led by Sequoia

Bibit.id, a digital investment app in Indonesia, has announced that it has raised US$ 65 million in a funding round led by Sequoia Capital India. The round was joined by Prosus Ventures, Tencent and Harvard Management Company while existing investors

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Payments Firm 2C2P Partners Brankas to Bring Open Banking to Indonesia

Brankas, an Indonesian open banking provider, announced a strategic partnership with payments firm 2C2P to introduce their modern open banking solution to Indonesia. Through Brankas‘ API integration, customers of 2C2P’s merchants will be directly connected to major Indonesian banks including

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OVO Ties up With Prudential Indonesia to Offer Shariah-Compliant Digital Life Insurance

Indonesian e-wallet unicorn OVO has expanded its partnership with Prudential Indonesia to launch a digital shariah life insurance product with affordable premiums. The Asuransi Jiwa Kumpulan Syariah PRUTect Care product is provided by Prudential Indonesia through insurance broker PT Salvus

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Bank Rakyat Indonesia Bags the Celent Award for Financial Inclusion

Celent, a global research and advisory firm for the financial services industry, announced Bank Rakyat Indonesia (Bank BRI) as the winner of the Celent Model Bank 2021 Award for Financial Inclusion. The award recognizes several initiatives from Bank BRI that

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Validus’ Indonesian Arm Batumbu Granted Digital Lending License From OJK

Validus’ Indonesian subsidary Batumbu has received regulatory approval to operate as a licensed digital financing platform from the Indonesian Financial Services Authority (OJK). Since the launch of its operations in 2019, Batumbu said that it has disbursed over S$207 million

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Indonesian E-Wallet Linkaja Selects Arttha Payments to Modernise Its Core System

Indonesian e-wallet LinkAja has selected Indian software company PureSoftware’s Arttha Digital Payments suite to power its core systems. The move is said to be in line with LinkAja’s aim to expand and strengthen its position as a payment services provider

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Traveloka Plans to Launch BNPL Services in Thailand and Vietnam

South East Asian online travel startup Traveloka announced plans to launch buy now, pay later services in Thailand and Vietnam to its 40 million active monthly users. Traveloka’s president said in an interview to Reuters that the startup had recently partnered

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OVO’s CEO Provides an Insiders’ Look into Indonesia’s Thriving Fintech Scene

Indonesia is considered the crown jewel for many fintechs looking to expand to the ASEAN market. Over the past 15 years, Indonesia has made remarkable progress in reducing poverty which is now below 10%, according to the World Bank. During

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Indonesian E-Wallet OVO Rolls Out in-App Investment Product

Indonesian e-wallet unicorn OVO has tied up with Manulife Aset Manajemen Indonesia (MAMI) and its strategic partner Bareksa to roll out an instant redemption mutual fund. OVO claims that this offering is the first of its kind in Indonesia. The

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