Indonesia

ForgeRock Expands Cloud Services to Indonesia and Hong Kong

ForgeRock, an identity and access management software company, announced its continued expansion across Asia and has made ForgeRock Identity Cloud available locally from two new data centers in Indonesia and Hong Kong. This expands ForgeRock’s Identity cloud into 17 regions

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Indonesia’s OJK Bans Financial Institutions From Facilitating Crypto Trading

The Financial Services Authority of Indonesia (OJK) has strictly prohibited financial institutions from marketing or facilitating the trading of crypto assets. The regulator warned that the value of crypto assets are subject to market fluctuations and investors should be mindful

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Bank Indonesia Launches Its First Real-Time Payments Infrastructure With ACI Worldwide

Bank Indonesia (BI), the country’s central bank, has launched its first real-time payments infrastructure BI-FAST that is driven by ACI Worldwide, a global provider of real-time payments and digital payment solutions. BI-FAST is an integral part of Indonesia’s ongoing digital

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Bank Indonesia and MAS Deepen Ties to Promote Payments Innovation

Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) has signed a Memorandum of Understanding (MOU) to strengthen bilateral cooperation and deepen ties. The MOU reflects Indonesia and Singapore’s joint interest to promote collaboration on projects in relation to

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Building Indonesia’s Economic Foundation Through Digitising MSMEs

Indonesia has more than 65 million Micro, Small, and Medium Enterprises (MSMEs). This huge number of enterprises has made the MSME sector one of the most important pillars of the Indonesian economy. 13.7 million of those MSMEs have utilised digital

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Indonesian Investment App Pluang Bags Additional US$55 Million

Pluang, an Indonesian all-in-one fractional investing app, announced that it has raised US$55 million in a funding round led by venture capital firm Accel. This is a follow-on round to its previously announced Series B, pushing its total investment to

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Indonesia’s SME-Focused Neobank KoinWorks Raises US$108 Million Series C

KoinWorks, an Indonesian neobank focused on small and medium-sized enterprises (SMEs), has secures US$108 million in a Series C funding round which consists of US$43 million in equity and US$65 million in debt capital. The round was led by MDI

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Binance and Telkom Indonesia’s MDI to Develop a Local Digital Asset Exchange

Crypto exchange platform Binance has established a joint venture with a consortium led by MDI Ventures to develop a new Indonesian-based digital asset exchange. MDI is a US$830+ million multi-stage venture capital arm of Indonesia’s largest telecoms company, Telkom Indonesia.

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UOB Indonesia Launches E-Commerce BNPL Service “TMRW Pay”

UOB’s mobile-only banking solution TMRW announced the launch of TMRW Pay, an e-commerce loan that enables consumers in Indonesia to manage their budgeting needs. TMRW Pay offers consumers deferred payment services, with zero interest for up to 90 days and instant

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Lending Fintech GajiGesa Closes US$ 6.6 Million Pre-series A Fundraise

GajiGesa, an Indonesian employee management and wellness platform offering Earned Wage Access (EWA) and other financial services, has closed an oversubscribed US$ 6.6 million (IDR 94.5 billion) in pre-Series A funding. The round was led by MassMutual Ventures, with participation

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