Tagged: jakarta

Indonesia’s Fintech Lenders Association Offers to Assist with Disbursing Funds Allocated to COVID-19 related National Economic Recovery Program

Indonesia’s Fintech Lenders Association (AFPI) has reportedly offered to help with disbursing funds that have been allocated to the country’s national economic recovery program (PEN). As first reported by the Jakarta Post, the Indonesian government has been struggling to obtain the data required to provide… Read More

Indonesian Fintech Investor, BRI Ventures’ CEO Says Digital Tech Investments Now Focused on Sustainable Growth Initiatives

Digital technology startups need venture capital or some other type of reliable funding to grow and expand their operations. Several foreign investors have been supporting Indonesian startups which are a critical part of the trillion-dollar economy. Investors have been investing in selected qualified Indonesian start-ups,… Read More

PT Cashlez Worldwide Indonesia, the Nation’s First Fintech Payment Firm to be Publicly Listed, Makes Strategic Acquisition

PT Cashlez Worldwide Indonesia, which is reportedly the nation’s first Fintech payment company to be publicly listed, saw its share price increase from Rp 350 (appr. $0.23) to Rp 384 within minutes after trading began on the Indonesia Stock Exchange (IDX). Cashlez said it will… Read More

Indonesia’s State-Owned Pawnshop, PT Pegadaian, to Work with Local Fintech Firms to Develop Digital Financing Solutions

Indonesia-based PT Pegadaian, a state-owned pawnshop, is reportedly planning to work with several Fintech firms in order to create digital financing solutions, which will help the pawnshop expand its business operations. PT Pegadaian’s management realizes the potential of the growing digital finance ecosystem and intends… Read More

Launched: Modalku, Indonesia’s New Marketplace For P2P Lending, To Help SMEs With Crowdfunded Loans

Based in Jakarta, Indonesia, a new marketplace for peer-to-peer (P2P) lending officially launched today to give Indonesia’s small and medium enterprises (SMEs) greater access to funding by means of loans pooled from crowdfunding, according to a story in the JakartaGlobe. Modalku offers companies quick access to non-collateral loans with interest rates between… Read More

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