Indonesia

OVO and Bareksa Partner to Enable Investments for All Indonesians
Indonesia

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
Financial Inclusion Indonesia

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
Indonesia Lending

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
Indonesia Lending

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
Indonesia Mobile Payments

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
Funding Indonesia

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
Indonesia

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
Indonesia Mobile Payments

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
Funding Indonesia Lending

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
Indonesia Lending

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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