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FinTech — 27 Mar 2024

Indonesian InsurTech firm Qoala has completed its Series C funding round, securing $47 million in investment. PayPal Ventures, PayPal’s corporate venture arm, backed Qoala with the investment. PayPal Ventures and MassMutual Ventures co-led the funding, with participation from MUFG Innovation Partners, Ohana Holdings, and existing investors such as Flourish Ventures, Eurazeo, and AppWorks.  Qoala’s recent […]

FinTech — 5 Mar 2024

Indonesian fintech startup Wagely has secured $23 million in funding. The latest funding round, a combination of equity and debt financing, was led by Capria Ventures, a venture capital firm specializing in applied Generative AI. Existing investors also participated, along with a contribution from a private debt fund.  Wagely, known for its earned wage access […]

FinTech — 6 Oct 2023

Indonesian fintech lending platform Investree has secured a substantial €220 million (approximately $230.8 million) in a Series D funding round, marking a significant milestone for the company. Qatar’s JTA International Holdings spearheaded the funding round and saw participation from established investor SBI Holding, further underlining Investree’s prominence in fintech. The financial boost comes as Investree […]

FinTech — 30 Sep 2023

The Southeast Asian fintech startup has been a dynamic landscape, with countries like China, India, Singapore, and Indonesia emerging as fintech hubs, each with unique strengths and focus areas. Besides, governments across Asia actively work on fintech regulations to balance innovation and consumer protection. In 2023, the industry attracted substantial investments, with strong financial inclusion […]

Financial Technology — 13 Jul 2023

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 […]

Acquisitions — 26 Jun 2023

Japanese financial giant Mitsubishi UFJ Financial Group (MUFG) has announced its plans to acquire Mandala Multifinance, an Indonesian auto loan provider, for 7 trillion rupiahs ($467 million). As part of the deal, MUFG’s subsidiary, MUFG Bank, will hold a 70.6% stake in Mandala Multifinance, while Adira Dinamika Multi Finance, a subsidiary of Bank Danamon, will […]

FinTech — 20 Jun 2023

Southeast Asia-focused venture capital firm Go-Ventures has successfully concluded the final close of its second flagship fund, raising a total of $240 million. As part of the announcement, the company has rebranded itself as Argor Capital Management.  The second fund has garnered support from diverse investors, including sovereign wealth funds, institutional investors, corporates, and family […]

Financial Technology — 14 Jun 2023

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 […]

Featured — 24 May 2023

Indonesian fintech startup SkorLife has announced raising $4 million in a Seed funding round anchored by global tech investor Hummingbird Ventures, with participation from QED Investors. Existing investors AC Ventures and Saison Capital also joined the round. SkorLife is the first credit builder in Indonesia. Co-founded by Ongki Kurniawan and Karan Khetan, the company allows people […]

FinTech — 19 Jan 2023

Komunal has announced that it secured new investments amounting to $8.5 million to fund its mission to accelerate financial inclusion and strengthen the neo-rural bank ecosystem in Indonesia, especially outside the Greater Jakarta area. The fintech company, which was the first to digitize BPR in accelerating the financial inclusion in Indonesia’s tier 2 and tier […]

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