Posts From Fintech News Indonesia
Grab Indonesia’s President Ridzki Kramadibrata Moves on to Commissioner Role
Southeast Asian superapp Grab Indonesia has appointed Ridzki Kramadibrata as a member of the Board of Commissioners, effective 1 July 2023 onwards. Ridzki joined Grab Indonesia as a Managing Director in January 2016 before he was promoted as the President
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Patrick Walujo Steps up as President Director and CEO of GoTo
Andre Soelistyo has resigned from his position as the president director of Indonesian superapp and e-commerce platform provider GoTo. The move was approved by shareholders during GoTo’s annual general meeting this year. Soelistyo, moving into the role of Commissioner, will
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EWA Firm Paywatch Expands to Indonesia With Bank KB Bukopin Partnership
Earned Wage Access (EWA) service provider Paywatch has expanded its footprint to Indonesia with a partnership with Indonesia’s Bank KB Bukopin. The firm joins the growing EWA landscape in Indonesia with its rivals GajiGesa and Wagely. Paywatch is one of
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Indonesian Digital Mortgage Firm Ringkas Snags US$3.5 Million Seed Funding
Ringkas, an Indonesian digital mortgage startup, has raised a US$3.5 million seed funding round in a bid to address homeownership challenges in the country, according to a report by e27. Led by East Ventures and Crestone Venture Capital, the round
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Indonesian Credit Scoring Firm Skorlife Raises US$4 Million Seed Funding
Indonesian credit scoring firm Skorlife has secured US$4 million in a seed funding round led by Hummingbird Ventures and joined by QED Investors, AC Ventures, and Saison Capital. Skorlife had previously raised a US$.2 million pre-seed round in September 2022
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Indonesian VC East Ventures Raises US$250 Million for Its Growth Plus Fund
Indonesia-focused venture capital firm East Ventures announced the first and final close of its US$250 million Growth Plus fund. The fund will specifically target its own portfolio companies that demonstrate strong potential. East Ventures added that its Seed and Growth
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What Does Indonesia’s Fintech Scene Look Like in 2023?
Indonesia’s fintech industry is expanding rapidly, driven by rising consumer adoption, demand for innovative digital financial products and a dynamic venture capital (VC) landscape. Moving forward, the sector is poised for further growth, owing to compelling market demographics, low formal
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Bukalapak Snaps up Majority Stake in Malaysia’s iPrice
Indonesian e-commerce platform Bukalapak has acquired a majority stake in Malaysian price comparison platform iPrice. Details of the transaction was not disclosed. This acquisition comes on the heels of Bukalapak’s decision to shift its focus from competing head-to-head with other
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Mobee Launches Digital Asset Exchange in Indonesia, Raises Funding
Mobee has launched its new digital asset exchange in Indonesia licensed by BAPPEBTI, Indonesia’s regulatory body for trading digital assets, and raised an undisclosed sum in a funding round led by 1982 Ventures. The round was also joined by Indonesian
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Indonesian Insurtech Qoala Extends Series B With US$7.5 Million Fundraise
Indonesian insurtech startup Qoala announced the close of it US$ 7.5 million Series B+ funding round led by Switzerland’s responsAbility Investments. Qoala had previously raised US$ 65 million in a Series B round in May 2022. This funding round was
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