Indonesia
Patrick Walujo Steps up as President Director and CEO of GoTo
Andre Soelistyo has resigned from his position as the president director of Indonesian superapp and e-commerce platform provider GoTo. The move was approved by shareholders during GoTo’s annual general meeting this year. Soelistyo, moving into the role of Commissioner, will
Read More
TOPPAN IDGATE Deploys Facial Recognition Tech on Kiosks for Digital Onboarding
It can be difficult for financial institutions to rely exclusively on physical branches for comprehensive service for certain markets, particularly those spanning large territories. In such cases, Modular Service Kiosks are the perfect alternative, extending financial and payment services to
Read More
EWA Firm Paywatch Expands to Indonesia With Bank KB Bukopin Partnership
Earned Wage Access (EWA) service provider Paywatch has expanded its footprint to Indonesia with a partnership with Indonesia’s Bank KB Bukopin. The firm joins the growing EWA landscape in Indonesia with its rivals GajiGesa and Wagely. Paywatch is one of
Read More
Indonesian Digital Mortgage Firm Ringkas Snags US$3.5 Million Seed Funding
Ringkas, an Indonesian digital mortgage startup, has raised a US$3.5 million seed funding round in a bid to address homeownership challenges in the country, according to a report by e27. Led by East Ventures and Crestone Venture Capital, the round
Read More
Indonesian Credit Scoring Firm Skorlife Raises US$4 Million Seed Funding
Indonesian credit scoring firm Skorlife has secured US$4 million in a seed funding round led by Hummingbird Ventures and joined by QED Investors, AC Ventures, and Saison Capital. Skorlife had previously raised a US$.2 million pre-seed round in September 2022
Read More
Indonesian VC East Ventures Raises US$250 Million for Its Growth Plus Fund
Indonesia-focused venture capital firm East Ventures announced the first and final close of its US$250 million Growth Plus fund. The fund will specifically target its own portfolio companies that demonstrate strong potential. East Ventures added that its Seed and Growth
Read More
TOPPAN IDGATE Offers Highly Secure Authentication for Digital Banking
Digital technology is increasingly transforming financial services. In the era of mobile devices, digital services through mobile apps have become part of our daily lives. The question now is whether one can trust the system to manage their assets and
Read More
Can Value Chain Innovation Enhance Indonesia’s Digital Finance Landscape?
Indonesia’s financial services industry (FSI) is set for considerable growth and innovation as it adapts to the rapidly evolving global business environment. The robust growth of the Indonesian financial sector is exemplified by the 27.96 percent year-on-year increase in the
Read More
What Does Indonesia’s Fintech Scene Look Like in 2023?
Indonesia’s fintech industry is expanding rapidly, driven by rising consumer adoption, demand for innovative digital financial products and a dynamic venture capital (VC) landscape. Moving forward, the sector is poised for further growth, owing to compelling market demographics, low formal
Read More
Bukalapak Snaps up Majority Stake in Malaysia’s iPrice
Indonesian e-commerce platform Bukalapak has acquired a majority stake in Malaysian price comparison platform iPrice. Details of the transaction was not disclosed. This acquisition comes on the heels of Bukalapak’s decision to shift its focus from competing head-to-head with other
Read More