Indonesian fintech startup Orderfaz has successfully concluded a pre-seed funding round, as announced on Thursday. The round was led by Singapore-based venture capital firm 1982 Ventures, which acted as the sole investor. The exact amount of funding raised in the round has not been disclosed. Orderfaz, a recently established fintech startup, focuses on serving the […]

Indonesian startup, Finfra, has secured $1 million in new funding to expand its embedded finance offerings. The funding round saw participation from several prominent investors, including DSX Ventures, Seedstars International Ventures, Cento Ventures, Fintech Nation, FirstPick, BADideas Fund, and Hustle Fund The startup plans to utilize the recently raised $1 million funding to focus on […]

Indonesian online open finance platform Ayoconnect announced raising $15 million in its Series B funding round anchored by global investor Tiger Global. Plaid co-founder William Hockey and Bank Jago President Commissioner Jerry Ng, PayU, Prosus’ payments and fintech firm, and Alto Partners also participated in the funding round. Ayoconnect said it will use the fresh […]

Following the successful launch of WeLab Bank in Hong Kong, WeLab, a major pan-Asian fintech platform, announced the acquisition of PT Bank Jasa Jakarta (BJJ), an Indonesian commercial bank, with intentions to build its second digital bank in Asia. WeLab, based in Hong Kong, has gathered a big number of existing and new investors, with […]

Indonesian-based stock trading platform and community Stockbit gets a nod from the Financial Services Authority (OJK) to acquire local securities company Mahakarya Artha Sekuritas. Details of the deal value, however, were not disclosed. This acquisition will now enable Mahakarya’s users to open stock accounts and trade in the Indonesian Stock Exchange via the Stockbit app, […]

Indonesia-based online investment platform Ajaib becomes the fastest unicorn in the country. The company has been said to have achieved this milestone in just 2.5 years since its launch. The stock and mutual fund investment platform has raised $153 million in a Series B funding round led by DST Global and existing investors Ribbit Capital, […]

Komunal, Indonesia’s first fintech company to offer Neo-rural bank services locally, announced that it has raised $2.1 million in its Series A funding round led by existing investors East Ventures and participated by Skystar Capital. The startup provides an ecosystem for BPRs (rural banks) across the archipelago to source third-party funding and syndicate lending through […]

Indonesian financial technology (fintech) startup Xendit announced raising $150 million in its Series C funding round that catapulted the company to a short list of Southeast Asian unicorns. The funding round was led by US-based investor Tiger Global Management, with participation from existing investors Accel, Amasia, and Justin Kan’s Goat Capital, according to the announcement. […]

Ayoconnect, Indonesia’s financial API platform, announced raising $10 million on its pre-Serie B funding round backed by Mandiri Capital Indonesia and Patamar Capital. Mandiri Capital is the corporate venture arm of Bank Mandiri, Indonesia’s largest financial institution, while Patamar Capital is a venture capital firm that invests in companies serving the mass market in South […]

AwanTunai, an Indonesian fintech startup that provides a business solution platform for offline merchants, announced raising $56.2 million in its Series A2 funding round. The funding comprises $11.2 million in fresh equity and over $45 million in debt and channeling facilities, according to the announcement. Investors in the funding round include new investors BRI Ventures […]