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414

Indonesia Turn to E-Payment Services as the Sector Takes the Lion’s Share in Local Fintech Market

by 

With the proliferation of e-commerce, 43% of the fintech players in Indonesia are in the payment sector, with offerings ranging from mobile payment to payment gateway, according to the Indonesia Fintech Association (IFA) report 2017. The growth of e-commerce  has resulted in such a trend. (more…)

Fintech news, Indonesia, Marketing Report

February 20, 2017

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Online lenders like UangTeman to face new regulations in Indonesia

By TechInAsia

Indonesia’s financial services authority (OJK) is working on new rules for online money lenders, The Jakarta Globe reported earlier this week. The expected release date is between April and June this year. (more…)

Fintech news, Government activities, Indonesia, p2p/online lending

February 18, 2017

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Indonesia authority to allow on-balance-sheet lending for fintech startups

By Anisa Menur A. Maulani for e27

The proposal came about two months after the authority banned fintech startups from lending money directly to their customers. (more…)

Fintech news, Government activities, Indonesia, p2p/online lending

February 16, 2017

Moka-Bermvda-2

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Payments software for businesses gets funding from VC arm of Indonesia’s largest bank

By  for TechInAsia

Indonesian startup Moka announced today it’s raised a $2m round of financing led by Mandiri Capital. Existing investors Convergence Ventures, East Ventures, Fenox, and Northstar Group also participated. (more…)

Deals, Fintech news, Indonesia, POS/mPOS and online acquiring

February 16, 2017

grab

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Grab is buying Indonesian payment firm Kudo in its first major acquisition

By  for TechCrunch

Uber’s Southeast Asia rival Grab is in the process of buying up Indonesia-based online payment startup Kudo in its first major acquisition. (more…)

Deals, Fintech news, Indonesia, InspirAsia, Mobile payments/banking, POS/mPOS and online acquiring

February 14, 2017

Bank-central-Asia

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Indonesia’s Bank Central Asia bets on fintech with $15m fund

By  for TechInAsia

Indonesia’s Bank Central Asia (BCA) joins the fintech rush with a dedicated US$15 million venture fund.

Nikkei Asian Review on Saturday said: (more…)

Banks, Fintech news, Indonesia

January 31, 2017

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Chinese fintech startup Wecash makes foray into Indonesia through joint venture

By Kevin McSpadden for e27

The goal is to be a go-to place for SME loans as Indonesia’s middle class continues to boom. (more…)

China, Credit scoring, Fintech news, Indonesia, p2p/online lending, Security

January 23, 2017

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P2P Fintech Firms see Regulation in Indonesia

By CryptoCoinsNews

Indonesian Fintech companies that facilitate peer-to-peer (P2P) lending in the country have seen new regulation imposed by the Financial Services Authority. Known as the Otoritas Jasa Keuangan (OJK) locally, the government agency regulates and supervises the financial services sector in the country. (more…)

Fintech news, Government activities, Indonesia, p2p-payments

January 9, 2017

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South Korea and Indonesia are Considering Fintech Collaboration

By Rebecca Campbell for CryptocoinsNews

Indonesia and South Korea are thinking about joining forces in an attempt to boost the FinTech industry to help the burgeoning sector in both countries, reports The Jakarta Post. (more…)

Cryptocurrencies, Fintech news, Government activities, Indonesia, Korea

December 4, 2016

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East Ventures invests undisclosed amount in startup Cicil

By Antonia Timmerman for DealStreetAsia

Indonesia’s early stage venture fund East Ventures has invested an undisclosed amount of seed funding into Cicil, a new financing platform for university students. The new investment will see Cicil accelerating its mission of bringing financial inclusion to students. (more…)

Fintech news, Indonesia, p2p/online lending

November 17, 2016

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Understanding the Indonesian fintech market at FINSPIRE 2016

By Anisa Menur A. Maulani for e27

The first day of FINSPIRE 2016 ended yesterday with pitching sessions of 21 teams, followed by ‘Office Hour’ mentoring sessions with leading speakers such as Sam Hall (Program Director at Startupbootcamp Fintech), Dondi Hananto (Founder of Kinara Indonesia and Unitus Impact), and Vidit Agrawa (Head Operations & Special Projects at Uber). (more…)

About, Fintech news, Indonesia

November 8, 2016

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Life.SREDA’s Vladislav Solodkiy is speaking at FINSPIRE 2016

By Wilfred Loh for e27

Vladislav Scolodkiy is one of the high-profile speakers presenting at FINSPIRE 2016, happening on the 7th and 9th November.  Check out the full agenda taking place in Jakarta, Indonesia happening in just four days! Don’t miss out, grab your FREE tickets today. (more…)

Fintech news, Hotnews, Indonesia

November 2, 2016

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FINSPIRE 2016 is only a week away; Checkout the amazing lineup as we head to Jakarta this November

By Wilfred Loh for e27

FINSPIRE: Moving Fintech Forward, powered by Mandiri Capital Indonesia and organised by e27, is a two-day program focusing on the convergence of finance and technology. Bringing together organizations, startups and individuals to create conversations, ideas and opportunities, the program is set to redefine financial services in moving fintech forward. (more…)

Fintech news, Indonesia

October 29, 2016

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J. P. Morgan Launches Indonesia Virtual Banks

By Fintechnews Singapore

Offered via the J.P. Morgan ACCESS® OnlineSM, the virtual branch is a fully integrated platform that provides a comprehensive suite of banking services that can be securely accessed from desktops and mobile devices. With the service, clients can submit documents digitally, initiate and approve transactions online as well as have complete visibility of all cross-border and statutory payment transactions. (more…)

Banks, Fintech news, Indonesia

October 18, 2016

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Husband-and-wife team gets funding for payroll startup Gadjian

By  for TechInAsia

Indonesian human resources management and payroll platform Gadjian today announced it raised an undisclosed amount of funding. The round was led by Golden Gate Ventures, with participation from Maloekoe Ventures. (more…)

Fintech news, Indonesia, SME

October 17, 2016

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Mandiri Capital launches summit to ramp up fintech innovation in Indonesia

By Yon Heong Tung for e27

Indonesian state-owned Bank Mandiri has grand aims to build Indonesia into a regional hub for fintech innovation. (more…)

Banks, Fintech news, Indonesia, InspirAsia

October 17, 2016

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Milestones and achievements: Indonesia’s crowdfunding platform KitaBisa shares its story

By  Anisa Menur A. Maulani for e27

KitaBisa CEO Alfatih Timur talks about the company’s milestones, and how it managed to balance business and social impact (more…)

Crowdfunding/investing, Indonesia, Interviews

October 7, 2016

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7 crowdlending sites in Indonesia

By Nadine Freischlad for TechInAsia

It’s a gold rush moment for fintech in Indonesia. (more…)

Crowdfunding/investing, Indonesia, p2p/online lending

October 4, 2016

Fintech group C88 raises undisclosed Series B round led by Telstra Ventures

By Anisa Menur for e27

Existing investors Monk’s Hill Ventures and Kejora Ventures also took part in the round, with many others participating (more…)

Deals, Fintech news, Indonesia, Philippines

October 1, 2016

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Microlending site UangTeman raises pre-series A to lend banks a hand

By Nadine Freischlad for TechInAsia

Indonesian microlending site UangTeman raised a pre-series A round of funding of an undisclosed amount, the startup said today. (more…)

Deals, Indonesia, p2p/online lending

September 26, 2016

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Golden Gate Ventures: the upcoming rise of M&A in ASEAN

By Liz Lee for DealstreetAsia Magazine,

Singapore-based early-stage venture capital firm Golden Gate Ventures foresees the pace of mergers and acquisitions (M&As) in Southeast Asia catapulting, as more institutional funds, protectionists economic policies and global funds look to expand their footprint in the region. (more…)

Analytics, Fintech news, Hong Kong, Indonesia, InspirAsia, Malaysia, Myanmar, Philippines, Singapore, Vietnam

March 1, 2016

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Indonesian fintech portal Cermati deposits funding from East Ventures and Beenos Plaza

TECHINASIA: Cermati, an online portal for finding and comparing financial products in Indonesia, announced earlier today that it has closed a seed funding round of an undisclosed amount led by local VC firm East Ventures and followed by Japan-based Beenos Plaza. According to the firm, the fresh capital will be used to expand the team and to bolster Cermati’s product offerings  (more…)

Deals, Fintech news, Indonesia, InspirAsia, news

July 9, 2015

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Mobile wallet Xendit targets Indonesia’s P2P payment market

E27.CO: Currently in beta, the launched version will allow users to connect their debit cards, send funds to friends and  withdraw wallet funds to a bank accounts (more…)

eWallets, Indonesia, InspirAsia

July 1, 2015

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Indonesian Fintech Startups With High Potential

E27.CO: From payment gateways to microbusiness, these Indonesian startups have shown enormous growth – both in terms of ideation and execution (more…)

Indonesia, InspirAsia

June 4, 2015

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Does Crowdfunding Have A Future In Indonesia? We Take A Look At Five Crowdfunding Sites

TECHINASIA: Brooklyn-based crowdfunding site Kickstarter has proven many times over that collecting funds from the public for creative projects can work. In crowdfunding, backers donate money to make a project or cause they admire come true. Some crowdfunding campaigns are based on a pre-order system, where the backer gets a product once it is completed and deliverable. Others are based on a system where the backer gets a gift or some form of other perk as reward for their contribution. (more…)

Crowdfunding/investing, Indonesia, InspirAsia

May 1, 2015

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Path in Talks to Sell Social Networking App to South Korea’s KakaoTalk

RE/CODEPath is in serious talks to sell its original social networking app, known as Path Classic, to the makers of South Korean messaging app KakaoTalk, according to multiple sources familiar with the deal.
(more…)

Indonesia, InspirAsia

April 22, 2015

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Addressing last mile e-commerce logistics, payment issues in Indonesia

E27.CO: Echelon Indonesia to discuss measures needed to boost e-commerce in the island nation. Here’s what existing players are doing to build the ecosystem  (more…)

Fintech news, Indonesia, InspirAsia, news

March 23, 2015

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Hello Indonesia! Twitter Officially Opens Its Jakarta Office

TECHINASIA: It’s official: Twitter has arrived in Jakarta and opened an office space in the 15th floor of the One Pacific Place office building, SCBD, Jakarta. In November 2014 at our Tech in Asia Jakarta 2014 conference, Rick Mulia, head of business development for Twitter in Indonesia, announced that Twitter would open a local office by early 2015. It seems today he’s made good on that promise. (more…)

Indonesia, InspirAsia, news

March 5, 2015