Posts From Fintechnews Indonesia

Indonesian VC East Ventures Names Avina Sugiarto as Partner

East Ventures, an Indonesia-focused venture capital firm, announced the appointment of Avina Sugiarto as a Partner at the firm. Avina joined East Ventures as a Venture Partner in January 2022, where she brings 12 years of experience in investing across

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Earned Wage Access Startup Kini Raises US$ 4.3 Million Seed Funding

Kini, an Indonesian on-demand payroll provider, raised US$4.3 million in a seed funding round led by East Ventures, with participation from other investors. The firm will allocate the fresh funds to continue building out its HR-fintech product suite as well

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Indonesian Insurtech Rey Assurance Secures US$4.2 Million Seed Funding

Indonesian insurtech Rey Assurance announced that it has secured US$4.2 million in seed funding to advance its digital health products and technology platform. The funding round was joined by Trans-Pacific Technology Fund (TPTF), Genesia Ventures, and RDS. Rey said that it

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Indonesian Social Commerce Firm Mapan Secures US$15 Million Series A

Indonesian social commerce startup Mapan announced it has closed a US$15 million Series A funding round. The round was co-led by Patamar Capital and PT Astra Digital Internasional, a subsidiary of PT Astra International, with participation from BRI Ventures, SMDV,

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Indonesia’s Finantier Joins Mastercard’s New Start Path Open Banking Programme

Indonesia’s Finantier was one of the five open banking startups from around the world join Mastercard’s new Start Path Open Banking programme. Other companies handpicked for this inaugural class include Dapi, mmob, Mono and Paywallet. These five companies will join

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Flip’s US$100 Million Series B Round Sees Participation from Tencent and Block, Inc

Flip, Indonesian consumer payments platform, announced a second close of a Series B funding round that brings its total funds raised to more than US$100 million. The round was led by Tencent with participation from Block, Inc. (formerly Square, Inc.) and

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Indonesian 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 funds raised will be used for the

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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 co-led the round with additional investment from Accel, Tiger

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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 over 250 employees this year with a

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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 bank with the backing of Singaporean conglomerate Tolaram. By acquiring

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