Posts From Fintech News Indonesia
East Ventures’ Managing Partner Koh Wai Kit Steps Down, Transitions to Advisory Role
Indonesian venture capital firm East Ventures’ Koh Wai Kit, who had been serving as the Managing Partner since his appointment in 2021, has stepped down from his role. This was confirmed by sources close to DealStreetAsia. Prior to his tenure
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Former Lazada Execs’ Insurance Marketplace Lifepal Acquired by Roojai
Thailand-based Roojai Group announced the acquisition of Lifepal, an Indonesian digital direct-to-consumer (D2C) insurance marketplace, according to a report by TechNode Global. Lifepal was founded in 2019 by former Lazada executives Giacomo Ficari and Nicolo Robba, to offer over 300
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Warburg Pincus-Backed Oona Insurance Names Vincent Soegianto as Indonesia CEO
Oona Insurance, a digital general insurance platform in Southeast Asia set up by Warburg Pincus, announced the appointment of Vincent C. Soegianto as the new CEO for its operations in Indonesia. A veteran in the financial services industry, Soegianto, is
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Indonesian Agritech Semaai Raises US$4.7M, Sets Sights on Fintech Partnerships
Indonesian agritech startup Semaai has secured US$4.7 million in a pre-series A funding round led by CyberAgent Capital, bringing its total funds raised to US$ 7.6 million. The raise was also joined by Sumitomo Corporation Equity Asia, Ruvento, MyAsiaVC, and
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Indonesian Neobank KOMUNAL Gears Up for Expansion with US$5.5M Funding
Indonesian fintech company KOMUNAL has secured US$ 5.5 million in a Series A+ funding round led by Sumitomo Corporation Equity Asia. The fundraise also saw participation from several venture capital firms including Jafco Asia, Skystar Capital, Sovereign Capital, and Gobi
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JULO Steps up Digital Loans with Embedded Device Protection Insurance
JULO, an Indonesian fintech offering digital peer-to-peer lending, announced that it has launched ‘JULO Cares’, an embedded insurance coverage. This new offering, backed by global general insurer Sompo, provides device protection for users availing of JULO’s digital credit services. Throughout
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Mastercard Rolls Out Cashless Payments for Jakarta’s MRT Commuters
Payment giant Mastercard has partnered with PT MRT Jakarta (Perseroda) to provide more payment options to commuters for cashless transit experiences. This announcement coincides with the renaming of Senayan Station to Senayan Mastercard Station. Travelers can now top up their MRT
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MUFG Pumps US$100M into Home Credit Indonesia for Sustainable Financing
Home Credit, an Indonesian consumer finance company, has secured an investment of US$100 million from Mitsubishi UFJ Financial Group’s (MUFG) division in the country, according to a report by Tech in Asia. This new capital injection will be strategically allocated
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Paywatch Eyes Expansion in Thailand and Vietnam for 2024
Paywatch, an earned wage access (EWA) provider, announced that it has officially expanded its services into Indonesia following its Philippines’ launch in October this year The firm revealed that it had recently partnered with an unnamed local banking partner to
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Indonesia Hosts Second Highest Number of Fintech Unicorns in Southeast Asia
Across Southeast Asia, Indonesia is rapidly emerging as a prominent fintech hub, a burgeoning industry that’s been growing on the back of economic growth, increased technology adoption and government support for fintech development. Data from market intelligence firm CB Insights
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