Posts From Fintechnews Indonesia
Indonesia’s P2P Lending Sector Sees 642% Growth in Disbursements
Peer-to-peer (P2P) lending is a booming sector in Indonesia’s rapidly growing fintech industry, representing 43% of the country’s fintech companies, according to a paper by the Asian Development Bank Institute released earlier this month. In December 2018, disbursement of credit
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Grab Reportedly Eyeing to Merge OVO and Dana in a Bid to Compete with Gojek
Ride-hailing giant and super-app aspirant Grab is rumoured to be in talks to merge Indonesian digital payments firm OVO with DANA in which Grab is eyeing to acquire a majority interest in. Currently, Grab already own shares in OVO and
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Indonesia-Based Lending Fintech Raises US$ 24 Million in Gobi Partners Led Round
Indonesia based SuperAtom has closed its latest funding round of US$24 million. The round was led by Gobi Partners through the Meranti ASEAN Growth Fund with NYSE-listed Cheetah Mobile as a co-investor. Founded in 2018, SuperAtom is a startup incubated
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Grab Takes The Fight to Go-Jek’s Home Turf with US$ 2 Billion Investment
Grab announced today it will invest US$2 billion into Indonesia over a period of five years with the capital invested by SoftBank, to accelerate the development of the country’s digital infrastructure. The investment will go towards creating a next-generation transportation
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Go-Jek Has Brought in Rival E-Wallet LinkAja Into its Ecosystem
Go-Jek announced that it will integrate its rival e-wallet, LinkAja by the end of this year, which means that it will operate alongside Go-Pay within its extended ecosystem. Go-Pay is an extension of Go-Jek and often, seen as a rival
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Indonesia’s OVO Adopts Refinitiv’s World Check to Boost KYC Capabilities
OVO, one of Indonesia’s leading digital payments platform, has selected Refinitiv’s World-Check to support its Know-Your-Customer (KYC) and Anti-Money Laundering (AML) procedures to minimize its exposure to financial crime risks. This partnership comes at a time when OVO looks to
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Indonesian P2P Lender Koinworks Raises SGD$ 16.5 Million in Series B Round
KoinWorks, one of Indonesia’s key players in the peer-to-peer (P2P) lending space, OJK, today announced its Series B fundraise of S$16.5 million (IDR 170 billion). Prior to this funding round, Koinworks was seated firmly among the 10 top funded fintech
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Indonesia’s Central Bank Governor Unveils 5 Key Payments Initiative
Bank Indonesia Governor, Perry Warjiyo recently unveiled “Indonesia’s Payment System 2025 Vision” a strategic framework consisting of 5 key initiatives to future proof Indonesia’s payments ecosystem for a digital future. According to a press statement issued by the central bank,
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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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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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