Indonesia
5 Emerging Fintech Startups from Indonesia to Watch in 2020
The Indonesian fintech industry witnessed steady growth in 2019 with several companies in the sector reaching notable scale and recognition. Ovo, a digital wallet, emerged as the country’s fifth startup unicorn, while several others, including Akulaku, a consumer installment loan
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Standard Chartered Goes Big on Platformification Strategy with Nexus
Today, Standard Chartered launched its “Banking as a Service” solution, nexus. Through nexus, digital platforms and ecosystems like e-commerce, social media or ride hailing companies, will be able to offer loans, credit cards and savings accounts co-created with the bank
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Indonesia’s is WeChat Pay and Alipay’s Next Battleground
The mobile payment scene in Indonesia is burgeoning, with research indicating that it will exceed US$ 15 billion by this year. This trend is largely driven by heavy investments into the space by major players like GoPay and OVO, alongside
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OVO and Bareksa Partner to Enable Investments for All Indonesians
Ovo, one of Indonesia’s leading digital payment and digital financial services platform kicks off its collaboration with Bareksa, an integrated online mutual fund marketplace. From early February onwards, OVO users can purchase mutual funds through the Bareksa platform seamlessly. Jason
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The Digital Ecosystems That Will Help Indonesia Reach 80% Financial Inclusion
The Southeast Asia Internet Economy Report 2019 by Google, Temasek, and Bain & Company predicts that Indonesia’s digital economy will more than triple to US$133 billion in 2025, driven largely by increasing acceptance by its more than 260 million population.
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Kredivo’s Parent FinAccel Raises US$90 Million; Doubles Down on Growth in South East Asia
Singapore-headquartered FinAccel, a fintech firm that enables Indonesian consumers to buy online and pay later under the brand Kredivo, has raised US$90 million in a Series C equity funding round to expand in Indonesia and the region. Since inception just
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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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South East Asia Largest Online Travel Startup Aims To Issue 5 Million Payment Cards by 2025
Traveloka and Indonesia’s Bank BRI entered into a partnership to launch PayLater Card. The card can be used in Indonesia and around the world for both online and offline transactions by leveraging the network of Visa. Henry Hendrawan, President, Traveloka
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Indonesian P2P Lending Firm PinjamWinWin Secures Funding from SOSV MOX
PinjamWinWin, a Peer-to-Peer (P2P) lending fintech company, today announces that it has raised funding from SOSV. The P2P lending firms claims to have successfully disbursed over US$9 million in loans, PinjamWinWin aims to continue providing the 185 million unbanked Indonesians
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Indonesian Micro Saving Fintech Receives Over US$3M in Funding Led by Go-Ventures
Pluang, a fintech startup providing digital micro-savings for Indonesians (formerly known as EmasDigi), officially announced today its US$3 million Series A funding led by Go-Ventures. Prior to the investment, Pluang primarly focused on a gold savings product. With this fresh
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