Indonesia

From Libra to WhatsApp Pay — A Glance at Facebook’s Fintech Play

For years, social networking giant Facebook has shown interest in the fintech market, partnering with PayPal to build digital payment capabilities into its Messenger app, testing and introducing payment services on its various messaging platforms, and exploring blockchain and cryptocurrency

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Backed by Tencent’s Co-Founder, Koku Eyes Indonesian Expansion

Singapore based fintech KOKU has announced its plans to expand into Indonesia.  Its regional expansion follows their successful US$2 million pre-series A funding round earlier this year, which was led by Decent Capital, an investment firm started by Tencent Co-Founder

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Grab Takes The Fight to Go-Jek’s Home Turf with US$ 2 Billion Investment

Grab announced today it will invest US$2 billion into Indonesia over a period of five years with the capital invested by SoftBank, to accelerate the development of the country’s digital infrastructure. The investment will go towards creating a next-generation transportation

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Visa to Invest in GOJEK and Collaborate on Digital Payments Across Southeast Asia

Visa, has invested in GOJEK, as part of the latter’s ongoing Series F fundraising round. The two companies will work together to provide greater options for cashless payments and more seamless experiences for consumers across Indonesia and Southeast Asia. With

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Go-Jek Has Brought in Rival E-Wallet LinkAja Into its Ecosystem

Go-Jek announced that it will integrate its rival e-wallet, LinkAja by the end of this year, which means that it will operate alongside Go-Pay within its extended ecosystem. Go-Pay is an extension of Go-Jek and often, seen as a rival

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Indonesia’s OVO Adopts Refinitiv’s World Check to Boost KYC Capabilities

OVO, one of Indonesia’s leading digital payments platform, has selected Refinitiv’s World-Check to support its Know-Your-Customer (KYC) and Anti-Money Laundering (AML) procedures to minimize its exposure to financial crime risks. This partnership comes at a time when OVO looks to

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Indonesian P2P Lender Koinworks Raises SGD$ 16.5 Million in Series B Round

KoinWorks, one of Indonesia’s key players in the peer-to-peer (P2P) lending space, OJK, today announced its Series B fundraise of S$16.5 million (IDR 170 billion). Prior to this funding round, Koinworks was seated firmly among the 10 top funded fintech

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Indonesia’s Central Bank Governor Unveils 5 Key Payments Initiative

Bank Indonesia Governor, Perry Warjiyo recently unveiled “Indonesia’s Payment System 2025 Vision” a strategic framework consisting of 5 key initiatives to future proof Indonesia’s payments ecosystem for a digital future. According to a press statement issued by the central bank,

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Bukalapak’s Fintech Could Outgrow its E-Commerce, Said Co-Founder

One cannot talk about startups in Indonesia without bringing up Bukalapak, arguably one of the biggest e-commerce platforms in the nation. Bukalapak has graduated from its startup roots and gained the coveted title of Indonesian unicorn. They are now in the

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Singapore’s tryb Invests in Indonesian Property Crowdfunding Platform Gradana

tryb announced today that it lead the pre-series A round for Gradana, a peer-to-peer property crowdfunding platform based in Indonesia. According to Gradana’s CEO Angela Oetama, one of the key challenges towards buying and renting property in Indonesia is the

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