Indonesia

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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Indonesia’s Open Finance Scene Heats Up as Consumer Interest Heightens

In Indonesia, consumers are showing high levels of awareness and interest in open finance and embedded fintech, with most people agreeing that sharing their data allows them to be provided with better products and services, as well as tailored recommendations,

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Five ASEAN Central Banks Sign MoU for Regional Payment Connectivity

Five central banks in ASEAN announced that they have inked a Memorandum of Understanding (MOU) to collaborate on regional payment connectivity to support faster, cheaper, more transparent, and more inclusive cross-border payments. Signed at the G20 Leaders’ Summit, the central

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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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Brankas and CRIF Launch a Credit Scoring System for Borrowers With No Credit History

Southeast Asian open finance platform Brankas and credit solutions provider CRIF have launched the New Evaluation Open Suite (N.E.O.S), a credit scoring system which analyses alternative data sources. Under the partnership, Brankas will enable the collection of bank statement and

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bolttech Completes Acquisition of Indonesian Insurance Broker Axle Asia

Singapore-based insurtech firm bolttech announced it has completed the acquisition of a majority shareholding in Axle Asia, an established insurance broker in Indonesia. Axle Asia will become a subsidiary of bolttech and be subsequently rebranded. Srinath Narasimhan, General Manager for

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Indonesia’s GajiGesa Rolls Out Its Earned Wage Access Services on WhatsApp

GajiGesa, an Indonesian Earned Wage Access (EWA) platform, has announced the launch of its services on WhatsApp to provide workers access to their earnings in real-time. Through GajiGesa’s platform, employers can allow their employees to access a portion of their

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