Search Results for: indonesia

November 15, 2022 @ 10:07 pm By Omar Faridi  |  

KKR, a global investment firm, and Privy, a digital trust provider in Indonesia, announced the signing of definitive agreements under which KKR “will participate as the lead investor in the $48 million Series C funding round of Privy, with participation from existing investors MDI Ventures,… Read More

November 6, 2022 @ 8:37 pm By Omar Faridi  |  

Jakarta-based Bank Negara Indonesia (BNI) is migrating to the Avaloq Core Platform to support “the success of its Wealth Management Division.” Avaloq will “enable the bank to digitalize key business processes and meet the needs of the country’s growing wealth management and private banking clients.”… Read More

November 1, 2022 @ 2:17 am By Omar Faridi  |  

Indonesia Stock Exchange (IDX), the country’s national securities exchange and among the “fastest growing” in the continent, is exploring the possibility of working with MetaVerse Green Exchange (MVGX), a digital green exchange licensed and regulated by the Monetary Authority of Singapore (MAS), “to develop Indonesia’s… Read More

October 31, 2022 @ 10:54 pm By Omar Faridi  |  

Maybank Indonesia announced its Consolidated Financial Results for nine months ended 30 September 2022, “with Profit before Tax (PBT) of Rp1.48 trillion and Profit after Tax and Minority Interest (PATAMI) of Rp1.06 trillion.” The Bank’s PBT and PATAMI “remained comparatively stable to last year’s results.”… Read More

October 14, 2022 @ 6:11 pm By Omar Faridi  |  

The Bank for International Settlements (BIS) and Bank Indonesia recently announced the winners of the G20 TechSprint 2022 challenge during a live award ceremony in Jakarta. This year’s competition, under the Indonesian G20 Presidency, was launched in April to catalyze new technologies that “would better… Read More

October 13, 2022 @ 10:24 pm By JD Alois  |  

finbots.ai, an artificial intelligence (AI) firm for credit modeling, has signed an agreement to partner with Proptech Tanaku, expanding their services into Indonesia. According to a company statement, finbots.ai platform will help Tanaku quickly create a high-quality customer risk assessment model to streamline pre-mortgage financing… Read More

September 6, 2022 @ 9:24 pm By Omar Faridi  |  

Indonesia’s “first” public-listed technology company, Bukalapak, and Standard Chartered officially launched BukaTabungan, a digital banking service that “leverages the reach of Bukalapak’s all-commerce platform and the technology of nexus, a Banking-as-a-Service (BaaS) solution powered by Standard Chartered.” This follows from an earlier announcement on their… Read More

July 14, 2022 @ 10:30 pm By JD Alois  |  

Fasset Technologies Limited has partnered with Mastercard to expand financial services in Indonesia and create opportunities for underserved consumers The announcement follows Fasset’s $22 million Series A from this past April. According to a statement from Fasset, the companies will join in digitizing banking services… Read More

July 13, 2022 @ 10:54 pm By Omar Faridi  |  

Kini, an Indonesian on-demand payroll provider, has secured $4.3 million of seed funding led by East Ventures, with participation from Ten13, OurCrowd, K50 Ventures, and Goodwater Capital. Kini will “allocate the fresh funds to continue building out its HR-Fintech product suite, and invest in expanding… Read More

June 19, 2022 @ 11:55 pm By Omar Faridi  |  

Japan’s Financial Services Agency (FSA) and the Financial Services Authority of Indonesia (Otoritas Jasa Keuangan: OJK) have exchanged letters on Fintech Cooperation Framework “regarding Innovation in the financial sector.” This will lead to “increased exchanges regarding innovative trends and strengthen the cooperative relationship between the… Read More

June 16, 2022 @ 7:50 pm By Omar Faridi  |  

Flip, Indonesia’s consumer payments platform, announced a second close of a Series B funding round “led by Tencent, with participation from Block, Inc. (formerly Square, Inc.) and existing investor Insight Partners.” A number of experienced operators “participated meaningfully in this extension round, including Guillaume Pousaz,… Read More

June 15, 2022 @ 1:42 am By Omar Faridi  |  

Wirex, a crypto payments firm, has made their recently launched non-custodial wallet more accessible to APAC users “after releasing a new payment method.” The addition of instant bank transfers and local payment systems for Indonesian and Malaysia customers “to purchase crypto on the app will… Read More

May 31, 2022 @ 11:57 pm By Omar Faridi  |  

Indonesian digital investment app provider Bibit recently revealed that it had acquired over $80 million via a funding round that was led by GIC, along with contributions from Prosus Ventures as well as other existing investors. Bibit’s management noted that the capital secured will be… Read More

May 16, 2022 @ 11:36 pm By Omar Faridi  |  

Big Data Exchange (BDx), a data center solutions provider in Asia Pacific, recently announced that it has entered a conditional sale and purchase agreement of shares (CSPA) and joint venture agreement, “together with a series of commercial and operational agreements, with PT Indosat Tbk (Indosat… Read More

April 11, 2022 @ 10:30 pm By Omar Faridi  |  

Hong Kong – ZA Tech Global Limited, a Singaporean tech venture founded by ZA International and backed by Softbank’s Vision Fund 1, has become “the latest strategic partner to collaborate with Aladin Bank as an investor and a business partner, and is fully committed to… Read More

February 22, 2022 @ 11:08 pm By Omar Faridi  |  

Vying to be the top team in the Southeast Asia region, Indonesian e-sports organization RRQ (Rex Regum Qeon) has selected “high-performance,” “high-security” blockchain platform Zilliqa as the partner in its plans “to revitalize fan engagement using crypto and Web3-powered products.” Known across the gaming community… Read More

February 19, 2022 @ 11:28 pm By Omar Faridi  |  

Siam Commercial Bank (BKK: SCB) has reportedly made a $100 million investment in Indonesia’s Buy Now, Pay Later (BNPL) platform Akulaku. Established in 2016, Akulaku has expanded its operations to become one of the largest BNPL and consumer financing providers in Indonesia, handing out more… Read More

February 16, 2022 @ 11:36 pm By Tony Zerucha  |  

Akulaku, an Indonesian buy now, pay later (BNPL) firm, announced this week it has received $100 million from the Siam Commercial Bank in Series E financing. The news comes months after the firm announced a $125 raise which was co-led by Silverhorn Group, who has… Read More

February 15, 2022 @ 11:11 pm By Omar Faridi  |  

Indonesia’s Financial Services Authority (OJK) recently announced that they’re strictly prohibiting the nation’s financial services providers from marketing or facilitating the trading of cryptocurrencies. The Indonesian regulator has cautioned that the value of virtual currencies are subject to market fluctuations and investors need to be… Read More

January 28, 2022 @ 7:10 pm By Omar Faridi  |  

Bank Indonesia (BI) and Bank Negara Malaysia (BNM) announced on January 27, 2022 that they’ve launched a cross-border QR payment linkage. It will “enable instant, secure and efficient cross-border payments between Indonesia and Malaysia.” Via this linkage, consumers in both nations will be able to… Read More