Tag: Indonesia
Indonesia: Regulator predicts number of FinTech firms to double
FinTech in Indonesia is on the rise, thanks to its demographics and largely unbanked population. Read more: www.techwireasia.com
Indonesian bill-payment app Ayopop secures $1m Seed round
Indonesian bill payments app Ayopop has secured $1m in a Seed round. Japanese early-stage VC Gree Ventures led the investment. Read more: www.fintechroundup.com
Uber-rival Grab snatches Kudo to power up payments
South-East Asian Uber-rival Grab is boosting its payments powers with the acquisition of e-commerce and payments service Kudo. Read more: www.fintechroundup.com
Amartha secures Series A to reach more unbanked
Indonesian peer-to-peer (P2P) lending marketplace for underbanked communities Amartha has closed its Series A round led by Mandiri Capital Indonesia. Read more: www.fintechroundup.com
Jakarta-based POS MOKA lands $2m in Mandiri-led round
Jakarta-based point-of-sale (POS) startup MOKA has raised $2m in a new round of funding led by Mandiri Capital. Read more: www.fintechroundup.com
Indonesia’s Bank Central Asia sets up $15m FinTech fund
Indonesia’s Bank Central Asia (BCA) is set to invest $15m in FinTech companies as it looks to reach more of the South-East Asian nation’s unbanked consumers. Read more: www.fintechroundup.com
Indonesian banking giants to integrate cashless payments
Four Indonesian major commercial banks –from state-owned Bank Mandiri, Bank Negara Indonesia (BNI), Bank Rakyat Indonesia (BRI), to privately owned Bank Central Asia (BCA)– today announced a plan to integrate their cashless payment services under one network. Read more: www.e27.co
Indonesia’s Financial Services Authority issues first regulations
The regulations lay out minimum capital requirements, interest rate provision and education and consumer protection rules. Read more: www.natlawreview.com
Indonesia issues regulation on FinTech lending
The Financial Services Authority (OJK) has finally issued a regulation on financial technology firms that run peer-to-peer (P2P) lending businesses. Read more: www.thejakartapost.com
P2P lending, a new form of financial inclusion
P2P lending offers many advantages, like its flexibility, which allows it to channel capital to virtually anyone, in any amount, effectively, at low interest rates. read more: www.thejakartapost.com