Indonesia

How Southeast Asia’s Leading e-Wallets Saved Up to 40% in Database Costs

As Indonesia’s fintech landscape expands, the industry faces a pivotal transformation driven by digital innovation and an increasing demand for more efficient, scalable financial services — such as the database architecture solution from OceanBase. In this rapidly evolving market, OceanBase

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Indonesia’s Akulaku Secures US$100M Debt Financing from HSBC Singapore

Indonesian fintech Akulaku Group announced that it has secured US$100 million in debt financing from HSBC Singapore. Akulaku aims to deepen its operational footprint in Southeast Asia, facilitating the launch of new financing products and enhancing services for the underbanked

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GoTo and TikTok Set to Launch BNPL Offering

Indonesian technology conglomerate GoTo Group is preparing to launch a “buy now, pay later” (BNPL) service in partnership with TikTok, according to Tech in Asia. This development follows GoTo Financial, the group’s financial technology division, appointing David Chen as the

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Indonesian Fintech JULO Offers Loans up to US$3,000 for Medical Expenses

Indonesian fintech company JULO has rolled out a new healthcare financing service, allowing its 2 million users to cover their medical expenses across the country. The service, dubbed JULO Health, offers financing options for treatments at hospitals, clinics, dentists, pharmacies,

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Indonesian P2P Lender Modal Rakyat Being Sued Over Loan Default Allegations

Indonesian peer-to-peer lending platform Modal Rakyat is facing a lawsuit filed in the South Jakarta district court on 20 February. According to a DealStreetAsia report, the P2P lender has been accused of defaulting on loans, putting the spotlight on its

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Indonesia’s Ajaib Kripto Witnesses Tenfold Surge in Bitcoin Trading Volume

Ajaib Kripto, the crypto trading application developed by Indonesian investment technology unicorn Ajaib, has announced a significant surge in its Bitcoin trading volume, marking a tenfold increase since the beginning of Q4 2023. According to the company, this development coincides

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AwanTunai Exceeds Series B Target, Raises US$27.5M Led by Norfund, MUIP

Indonesian fintech startup AwanTunai has successfully closed its Series B funding round, amassing US$27.5 million. The Jakarta-based company, known for its point-of-sale financing solutions aimed at digitising the nation’s predominant cash economy, has surpassed its initial target of US$25 million

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Indonesia’s Booming Digital Payments Drive Demand for Robust Mobile App Security

In the dynamic landscape of Indonesia’s digital revolution, the exponential growth of digital payments has generated an increased demand for robust mobile app security solutions. As financial institutions navigate the challenges of securing sensitive financial information and user data, a

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OJK Greenlights Sunday’s Acquisition of KSK Insurance Indonesia

Thailand-based insurtech startup Sunday has successfully acquired a 99% stake in PT KSK Insurance Indonesia, a general insurer, according to DealStreetAsia. This strategic acquisition has been greenlit by Indonesia’s Financial Services Authority (OJK), though the financial specifics of the deal

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Aspire Offers Access to Google Workspace Tools for Singapore and Indonesia SMEs

Singapore-based B2B fintech firm Aspire has announced a collaboration with Google Cloud aimed at supporting startups and small and medium-sized enterprises (SMEs) in their growth efforts. This partnership will grant these businesses access to Google Workspace tools, known for their

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