Indonesia
Akulaku’s BNPL Solution Now Among Payment Methods Supported by Alipay+
Alipay+, a suite of global cross-border digital payments and marketing solutions, has included Indonesian fintech Akulaku’s Buy Now Pay Later (BNPL) solution among its supported digital payment methods. This partnership will allow Indonesian consumers to use the Akulaku PayLater solution
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Bukalapak, StanChart Launch Their Digital Banking Service in Indonesia
Indonesian e-commerce platform Bukalapak and Standard Chartered announced that they have officially launched their digital banking service BukaTabungan. BukaTabungan is now available on Google Play Store and will soon be available on the App Store. The offering leverages the reach
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Bank Indonesia and MAS to Pilot Cross-Border QR Code Payments Linkage
Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) has begun developing the cross-border QR payment linkage between the two countries as part of the ASEAN-wide payments connectivity effort. This linkage, which is targeted to be launched in the
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Fintech Momentum in Indonesia Continues to Gain Steam
Indonesia’s fintech sector has grown at a fast pace these past couple of years, driven by a dynamic startup ecosystem, supportive governmental initiatives to encourage innovation and help improve financial inclusion, as well as rapid adoption of digital financial services
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Indonesian VC East Ventures Names Avina Sugiarto as Partner
East Ventures, an Indonesia-focused venture capital firm, announced the appointment of Avina Sugiarto as a Partner at the firm. Avina joined East Ventures as a Venture Partner in January 2022, where she brings 12 years of experience in investing across
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Earned Wage Access Startup Kini Raises US$ 4.3 Million Seed Funding
Kini, an Indonesian on-demand payroll provider, raised US$4.3 million in a seed funding round led by East Ventures, with participation from other investors. The firm will allocate the fresh funds to continue building out its HR-fintech product suite as well
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Indonesian Insurtech Rey Assurance Secures US$4.2 Million Seed Funding
Indonesian insurtech Rey Assurance announced that it has secured US$4.2 million in seed funding to advance its digital health products and technology platform. The funding round was joined by Trans-Pacific Technology Fund (TPTF), Genesia Ventures, and RDS. Rey said that it
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Indonesian Social Commerce Firm Mapan Secures US$15 Million Series A
Indonesian social commerce startup Mapan announced it has closed a US$15 million Series A funding round. The round was co-led by Patamar Capital and PT Astra Digital Internasional, a subsidiary of PT Astra International, with participation from BRI Ventures, SMDV,
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Flip’s US$100 Million Series B Round Sees Participation from Tencent and Block, Inc
Flip, Indonesian consumer payments platform, announced a second close of a Series B funding round that brings its total funds raised to more than US$100 million. The round was led by Tencent with participation from Block, Inc. (formerly Square, Inc.) and
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Here Are Indonesia’s Most Well-Funded Fintechs
These past years have seen Indonesia emerging into one of the hottest fintech markets in Southeast Asia, attracting local and foreign investors with the prospect of leveraging technology to address the massive pool of unbanked and underbanked individuals. In 2021,
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