Indonesia’s BukuKas lands $10m led by Sequoia Capital’s Indian arm
BukuKas says it already serves some 3.5 million customers.
Indonesia
Shariah P2P fintech Alami raises $20m in debt financing
Alami hopes to distribute trillions to SMEs and micro businesses.
Grab leads $100m investment in Indonesian e-wallet LinkAja
Singaporean fintech begins investment project in Indonesia.
TrueMoney partners with Thunes to activate global remittances
Thunes claims to work with partners in more than 100 countries.
Indonesian fintech Ayoconnect raises $5m in Pre-Series B funding
Firm reaches total funding of more than $10m with new round.
Singapore’s GoBear snaps up fintech AsiaKredit
GoBear’s bank partners will be able to tap underserved consumers.
World Bank issues $300m loan to boost Indonesian financial sector
International bank seeks to support Indonesian fintech and banks.
Standard Chartered launches Banking as a Service solution in Indonesia
The white-label service was incubated at SC Ventures.
Tokopedia lines up $1.5bn funding from Alibaba and Softbank
The $1.5bn funding would value Tokopedia at between $8bn and $9bn.
Hong Kong’s fintech WeLab raises $156 million to launch WeLab Bank in 2020
Backers included Alibaba’s Hong Kong Entrepreneurs Fund and China Construction Bank.
Singapore’s FinAccel raises $90m to make financing more accessible in Southeast Asia
FinAccel hits $500 million evaluation.
Bank Mandiri selects Avaloq Banking Suite to consolidate legacy wealthtech
Major Indonesian bank wants Avaloq to power $14bn wealth division.
Indonesia’s OJK goes on fintech lender licensing spree
There are still 114 non-licensed companies registered with the OJK.
South Korea and Indonesia fintechs collaborate on accelerator lab
SFG and CoHive has officially launched the Shinhan Future’s Lab Indonesia.
Indonesian FSA launches online register to monitor fintechs
The platform will grow business through OJK’s innovation hub.
Railsbank raises $10m to expand into Southeast Asia and beyond
The open banking platform has opened an office in Singapore.
Kredivo closes up to $20m credit line for Indonesian growth
The funding will be used to diversify the Jakarta-based firm’s loan book.
WhatsApp talks to Indonesian fintechs for mobile payments launch
WhatsApp is waiting for regulatory approval in India for a similar service.
WeChat Pay and Alipay partner QFPay raises $20m
The latest funding round brings QFPay’s total to $36.5 million.
Indonesia shuts down 826 illegal fintechs in 2019
The regulator began a crackdown last year.
Axinan and Sompo Indonesia team up
The acquisition aims to provide a digitised claims management infrastructure.
Indonesia launches QR code standards
To facilitate payments across the poorer businesses in the country.
ALTO taps ACI for Indonesian alternative payments growth
ACI will provide its UP Retail Payments solution.
Top fintech stories this week – 22 March 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Instarem aims at Japan and Indonesia with $41m funding
This latest round takes InstaReM’s total funds secured to $59.5 million, with an expected IPO in 2021.
Ping An pushes into Indonesia’s fintech space
Its subsidiary OneConnect plans to offer AI, blockchain and biometrics.
Indonesia’s KinerjaPay collects $200m funding
Paytech gets backing from Wahana Group.
Mayapada Group taps Pohon Dana for lending in Indonesia
Conglomerate pushes into fintech via investment.
Southeast Asian consumer finance firm Akulaku gets $70m funding
Round includes support from Sequoia India and BlueSky Venture Capital.
IFC and Ant Financial launch programme for talent development
Starting in Indonesia, the programme will target APAC countries.
Bank Central Asia upgrades to digital payments with Intellect
Claims to be the first digital transaction banking solution implemented in Indonesia.
Visionet and SmartPesa unleash Mobey payment service in Indonesia
Solution is designed for financial institutions and merchants.
Indonesian lendtech KoinWorks collects $16.5m funding
Series A funding round led by Mandiri Capital.
BTPN completes front office revamp with Diasoft’s Flextera
Retail bank in transformation throughout Indonesia.
