Indonesia

Mambu: Fintech Innovation Could Solve Indonesia’s Financial Inclusion Challenges

A recent study of 2,000 global consumers by Mambu, a banking and financial services platform, revealed that both banked and unbanked individuals feel underserved, with 56% of banked customers claiming that there are other services they should be able to

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BRI Ventures to Launch Indonesia’s First VC Course With Local University

BRI Ventures, the corporate venture capital arm of Indonesia’s state-owned BRI Group, has collaborated with the School of Business and Management ITB (SBM ITB) to launch venture capital university courses in 2021. Reportedly the first of its kind in Indonesia,

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Indonesian BNPL Platform Kredivo Poised for an IPO Through US$2.5 Billion SPAC Deal

FinAccel, the parent company of Buy Now, Pay Later (BNPL) platform Kredivo, plans to go public through a special purpose acquisition company VPC Impact Acquisition Holdings II (VPCB) sponsored by Victory Park Capital (VPC), valuing it at US$2.5 billion. VPC,

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GoTo Group Taps Google Cloud for Next Phase of Growth Following Recent Merger

GoTo Group, a merger between Gojek and Tokopedia that was formed earlier this year, is tapping Google Cloud as its principal technology partner to power its next phase of growth across Southeast Asia. The group said that it will leverage

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A Look Into the Wealthtech Scene in Indonesia

Meet Naufal Rahman. In his mid-20s, the Jakarta native has been exploring Indonesian robo-advisor platform Bibit as he prepares to make his first foray into investing. Together with his millennial and Gen Z peers that make up a combined 53

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Indonesian E-Wallet OVO Launches Its First Shariah-Compliant Digital Investment Offering

Indonesian e-wallet OVO has launched its first shariah mutual fund product, which comes with one of the lowest buy-in for a product of its kind (less than US$1) and allows investors to instantly cash out their funds in real time.

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Synthetic Identity Theft Rises in Southeast Asia

Simply stated, synthetic identity theft is when a fraudster combines the personal information of different real-life people to create an authentic-looking digital identity. These identities can include Personally Identifiable Information (PII) such as name, identity card number, birth date and

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Brankas Surpassed 10 Million Monthly API Calls With Over 80 Network Partners

Brankas, an Indonesian open banking solution provider, announced that it has recently surpassed 10 million monthly API calls with over 80 network partners. The platform now operates in more than six countries and has partnered with more than 30 financial

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Open Finance Startup Finantier Raises Undisclosed 7-Figure Seed Funding

Finantier, an Indonesian open finance API platform, has raised an undisclosed 7-figure sum in a seed funding round led by Global Founders Capital and East Ventures. The round was oversubscribed, and funds were raised at a post-money valuation of more

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LINE Rolls Out Its Third Digital Bank in Indonesia With Hana Bank

LINE Financial Asia, an affiliate of LINE Corporation, announced the launch of its digital banking platform in Indonesia, in a collaboration with PT Bank KEB Hana Indonesia, a subsidiary of South Korea’s Hana Bank. This is the third market in

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