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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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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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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Kredivo Closes up to US$20m Credit Line with Partners for Growth

Jakarta-headquartered Kredivo, a digital credit platform for retail borrowers across Indonesia, and Partners for Growth V, L.P. (PFG), a  venture debt firm in the U.S. and Australia, announced today the closing of a debt line of up to US$20m to

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TranSwap Gets Regulator Approval to Launch Remittance Services in Indonesia

Home-grown cross-border payments platform TranSwap today announced that it has successfully obtained its money remittance Fund Transfer Operator license from Bank Indonesia, which will enable them to provide services for outbound cross-border payments in its third Asian location, after Singapore

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Singaporean Insurtech Axinan To Provide Digital Insurance for Indonesian Unicorn Bukalapak

Singapore-based insurtech firm Axinan announced today their partnership with leading Indonesian e-commerce unicorn Bukalapak during a press conference. The collaboration between Axinan and Bukalapak will mark the first alliance between the two parties, amalgamating Axinan’s proprietary tech capabilities with Bukalapak’s

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Fintech Lending to Drive Indonesia’s Economic Growth

As the world’s fourth most populous country in the world, with more than 60% of its population of working age, Indonesia has unique economic potential. However, one of the key elements needed for the country to reach its full economic

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