Indonesia
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
Read More
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,
Read More
Indonesian Crypto Investment Platform Pintu Raises US$113 Million Series B
Pintu, an Indonesian crypto asset trading and investment platform, announced that it has closed a Series B funding round of US$113 million (Rp. 1.6 trillion). Investors joining the round include Intudo Ventures, Lightspeed, Northstar Group, and Pantera Capital. Through this
Read More
Indonesian Robo-Advisor Bibit Raises US$80 Million in Fundraise Led by GIC
Indonesian digital investment app Bibit announced that it has raised more than US$80 million in a funding round led by GIC, joined by Prosus Ventures and other existing investors. Bibit said that the funds raised will be used for the
Read More
Indonesian Fintech Unicorn Xendit Raises US$300 Million Series D
Xendit, an Indonesian payment gateway for businesses, announced that it closed US$300 million in a Series D funding round, bringing its total funds raised to US$538 million. Coatue and Insight Partners co-led the round with additional investment from Accel, Tiger
Read More
Indonesian Insurtech Qoala Raises US$65 Million in Series B
Indonesian insurtech startup Qoala announced that it has successfully raised US$ 65 million in a Series B funding round led by European investment firm Eurazeo. With the new funds, Qoala aims to add over 250 employees this year with a
Read More
Indonesian Lender Investree Set to Acquire 18.4% Stake in Bank Amar
Investree, an Indonesian B2B marketplace lending platform for Micro, Small and Medium Enterprises (MSMEs), is set to acquire an 18.4% minority stake in PT Bank Amar Indonesia, a licensed commercial bank with the backing of Singaporean conglomerate Tolaram. By acquiring
Read More
Indonesia’s East Ventures Raises US$550 Million for Its Latest Fund
East Ventures, an Indonesia-focused venture capital firm, has raised a total of US$ 550 million in the final close of its latest funds. The venture firm said that it will allocate US$ 150 million for early-stage deals and US$ 400
Read More
Indonesia’s Incumbent BRI Pushes BRImo Mobile App as Part of Its Digital Banking Drive
Bank Rakyat Indonesia (BRI), one of Indonesia’s oldest and largest financial institutions, has embarked on a major digital transformation plan by embracing data, innovative technology and industry partnerships to address changing customer expectations. BRI’s big digital push takes the form
Read More
Funding Societies Makes Co-investment in Indonesia’s Bank Index
Funding Societies, Southeast Asian SME digital financing platform also known as Modalku in Indonesia, announced its investment into Indonesia’s Bank Index alongside Carro, a Southeast Asian automotive marketplace platform. This move signals Funding Societies’ entry into the neobanking space. With
Read More