Indonesia
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
Read More
TranSwap Gets Regulator Approval to Launch Remittance Services in Indonesia
Home-grown cross-border payments platform TranSwap today announced that it has successfully obtained its money remittance Fund Transfer Operator license from Bank Indonesia, which will enable them to provide services for outbound cross-border payments in its third Asian location, after Singapore
Read More
Singaporean Insurtech Axinan To Provide Digital Insurance for Indonesian Unicorn Bukalapak
Singapore-based insurtech firm Axinan announced today their partnership with leading Indonesian e-commerce unicorn Bukalapak during a press conference. The collaboration between Axinan and Bukalapak will mark the first alliance between the two parties, amalgamating Axinan’s proprietary tech capabilities with Bukalapak’s
Read More
Fintech Lending to Drive Indonesia’s Economic Growth
As the world’s fourth most populous country in the world, with more than 60% of its population of working age, Indonesia has unique economic potential. However, one of the key elements needed for the country to reach its full economic
Read More
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
Read More
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$2 million pre-series A funding round earlier this year, which was led by Decent Capital, an investment firm started by Tencent Co-Founder
Read More
Grab Takes The Fight to Go-Jek’s Home Turf with US$ 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
Read More
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
Read More
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
Read More
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
Read More