Tag: Indonesia

Indonesian FinTech platform UpBanx has reportedly collected $5.2m in a pre-seed funding round to prepare for its market expansion efforts.

The Bank of Indonesia has launched a new retail payments system to help cut the cost of money transfers and support the growth of the digital economy.

Indonesia-based Fuse, which helps consumers buy an array of insurance policies, has reportedly collected an additional $25m in a Series B+ funding round

Indonesia-based Investree, which is aimed at supply chain finance, has received $10.5m in debt financing.

Indonesian investment app Ajaib has reportedly become the country’s fastest unicorn, reaching the milestone in just two and a half years.

InsurTech Rey Assurance has reeled in $1m in pre-seed funding to unveil its subscription-based digital insurance products in Indonesia.

Indonesia-based Ayoconnect has secured $10m in its pre-Series B round, as it looks to deepen the APIs it offers.

Shariah-compliant crowdfunding platform Ethis Global has raised RM 6.8m ($1.6m) in its pre-Series A round.

Indonesia’s Financial Services Authority (OJK) has introduced a regulatory framework for digital banks in its updated commercial banking regulations.

A trial conducted by central banks in Thailand and Indonesia will see the implementation of cross-border QR payments across both countries.