Posts From Fintechnews Indonesia

Indonesian Fintech Komunal Bags US$8.5M in Fundraise Led by East Ventures

Indonesian fintech firm Komunal announced that it has raised US$ 8.5 million in a funding round led by venture capital firm East Ventures. This funding round is also participated by AlphaTrio Sustainable Technology Fund, Skystar Capital, Sovereign’s Capital, Ozora, and

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Earned Wage Access Firm wagely Enables In-App Bill Payments

wagely, an Indonesian earned wage access firm, announced that it has enabled a bill payments feature for its users. Employees of wagely’s partners can now top-up Perusahaan Listrik Negara (PLN) electricity tokens and mobile phone balances. They will also be

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East Ventures to Invest US$500K in Winners of Its Hackathon for Laid-off Tech Talent

Indonesia-focused venture capital firm East Ventures announced that it has selected 30 teams from its hackathon programme for laid-off tech employees, PASTI BISA, Maju Terus Pantang Mundur (IDPB MTPM). The programme received a total of 270 submissions where 120 shortlisted

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FinAccel Appoints Slack’s Former CFO Allen Shim to Its Board Ahead of IPO Plans

FinAccel, the parent company of Indonesian Buy Now, Pay Later (BNPL) platform Kredivo, announced that Allen Shim has joined its Board of Directors. Allen was the senior finance leader for Slack since it was an early-stage startup and most recently

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Indonesia’s BI-FAST to Expand Its Real-Time Payment Services and Banks Participation

Indonesia’s domestic real-time payments scheme BI-FAST, launched by Bank Indonesia and powered by ACI Worldwide, has announced plans to launch a wide range of new real-time payment services. BI-FAST payment services will be extended to include bulk credit, direct debit

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FinAccel Makes Senior Exec Appointments Ahead of New Digibank Launch

FinAccel, the parent company of Indonesian Buy Now, Pay Later (BNPL) platform Kredivo, announced a flurry of senior appointments to bolster its management team to prepare for the upcoming launch of its digital bank Krom. Formerly known as Bank Bisnis

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Indonesian VC East Ventures Launches Accelerator Programme for Laid-off Tech Talent

East Ventures, an Indonesia-focused venture capital firm, has launched its fourth edition of the PASTI BISA programme to aid those affected by recent layoffs in the tech ecosystem. The latest edition dubbed as Maju Terus Pantang Mundur (IDPB MTPM), which

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Indonesian Digital Trust Startup Privy Raises US$48 Million Series C

Indonesian digital signature and identity provider Privy announced that it has secured US$48 million in a Series C funding round led by global investment firm KKR. The round also witnessed participation from existing investors MDI Ventures, GGV Capital and Telkomsel

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Bank Rakyat Indonesia Bolsters Its Digital Savings Offering to Expand Its Reach

Indonesians have been increasingly turning towards a digital lifestyle especially during the pandemic where banks were forced to accelerate their digitisation to accommodate their customers’ needs. In line with this, banks need to create a digital platform that performs as

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airasia Super App Completes ASEAN Expansion Spree for 2022 With Indonesia Launch

The airasia Super App, a digital venture of Capital A, completes its ASEAN expansion plans for 2022 with its official launch in Indonesia, focusing on Bali as a key international tourist market. The app was launched in Malaysia back in

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