BCA Syariah goes live with Thought Machine’s Vault Core
BCA Syariah is a subsidiary of Bank Central Asia (BCA), one of Indonesia’s largest banks.
Indonesia
The latest fintech news, resources and expert analysis in Indonesia by the leading intelligence provider for the worldwide fintech community.
Bank Rakyat Indonesia taps Nium for international money transfers
Bank Rakyat Indonesia operates over 7,150 branches and reported approximately $4 billion in profit for 2023.
Indonesia’s Krom Bank taps AWS Cloud for digital banking upgrade
Krom’s core ledger is being powered by SaaS cloud banking platform Mambu.
SME-focused digital lender Validus lands $50m debt facility from HSBC
The facility will be deployed through Validus’ Indonesian subsidiary Batumbu.
BIS readies for live implementation of Project Nexus in Asia
Institutions from India, Malaysia, the Philippines, Singapore, and Thailand will implement the project.
Indonesian fintech start-up Wagely lands $23m in mix of equity and debt financing
Wagely provides businesses with an earned-wage access (EWA) solution for employees.
Bank Danamon partners Helicap to bring growth capital to Indonesia’s financially underserved
The duo are hoping to create a “one-stop solution” for non-dilutive growth capital.
ICYMI fintech funding round-up: Navro, Finally, Cashinvoice, SUMA Wealth and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
ICYMI fintech funding round-up: KlariVis, Komunal, Maalexi, Cleva & CSI
A handy round-up of the recent funding endeavours of fintech companies across the globe.
WeLab launches Bank Saqu as its second digital bank in Asia
The newly launched digital bank aims to target the younger generations, with a focus on solopreneurs in Indonesia.
Southeast Asia’s BigPay taps Thredd to power payment processing
As BigPay expands in Southeast Asia, the firm says it needed a partner with “deep understanding of the region”.
Investree to launch Qatar lendtech hub following $231m Series D
The round also saw participation from existing investor SBI Holdings, and succeeds the platform’s $23.5m Series C.
Funding Societies secures $27m debt funding to support SMEs across Southeast Asia
Funding Societies will channel the funding into its financing solutions to support SMEs in its five operating regions.
India’s Samunnati signs for Finbots.AI’s CreditX AI credit modelling solution
The deal marks another step in Finbots.AI’s push to scale across APAC.
Indonesia’s Allo Bank taps Tencent Cloud to enhance digital banking services
Tencent Cloud will deploy its database management system TDSQL, to help the bank manage data efficiently.
Jirnexu co-founders step down from leadership positions at the company
The company’s co-founder Hann Liew confirmed his and Lucas Ooi’s decision this week.
B2B fintech Aspire reports profitability
Aspire says its results have set “a new industry standard of sustainable growth”.
Demystify Podcast: Demystifying BaaS with Kelvin Tan, Standard Chartered Bank
What is needed within a large bank to ensure a BaaS proposition can be conceived, deployed and nurtured?
Singapore’s Kredivo Holdings secures $270m in Series D funding
Japanese banking giant Mizuho Bank led the funding round, contributing $125 million.
Indonesia’s Bank BTPN taps Surecomp for trade finance solution
Bank BTPN says the partnership with Surecomp means “we can future-proof our trade finance business”.
ICYMI fintech funding round-up: Ascendant, Evergreen, Kwara, Pilon & more
Featuring Ascendant, Evergreen, Komunal, Kwara, Pilon, and Sprinque.
Akulaku secures $200m from Japan’s Mitsubishi UFJ Financial Group
The funding will support Akulaku’s anticipated growth as it looks to provide banking services across Southeast Asia.
Bank Central Asia taps Avaloq to upgrade wealth management services
The Indonesian bank will migrate its wealth management system to Avaloq Core.
ICYMI fintech funding round-up: Ayoconnect and Tugende
The ICYMI round-up brings to you the latest funding news from around the world, every week.
Indonesian fintech unicorn Xendit sheds 5% of its workforce
Xendit says affected employees will receive “suitable compensation” alongside additional benefits.
Southeast Asian financial services group Fazz bags $100m Series C
The funding will be used towards building its business account and expanding across Southeast Asia.
Indonesian paytech Flip bags $55m in second Series B round
The new funding brings Flip’s total Series B round to over $100 million.
Razer Fintech acquires Indonesian paytech E2Pay in a bid to expand
With this acquisition, Razer Fintech says it marks its further expansion into Indonesia.
Indonesian crypto investment platform Pintu lands $113m Series B funding
Intudo Ventures, Lightspeed, Northstar Group and Pantera Capital participated in the round.
Payments infrastructure firm Xendit lands $300m Series D round
This latest round brings Xendit’s total funding raised to date to $538 million.
FinAccel snaps up majority stake in Indonesia’s Bank Bisnis
The acquisition of Bank Bisnis will allow FinAccel to offer digital banking and larger loans to Indonesians.
Planned VPC-led listing of Indonesia-based BNPL specialist Kredivo is scrapped
The companies have announced the mutual termination of a previously announced acquisition agreement.
Mastercard, Pine Labs and DBS Bank to roll out BNPL credit card offering
The solution will be available on all DBS Mastercard, Visa and American Express credit cards.
FX platform M-DAQ acquires B2B cross-border paytech Wallex
The deal forms part of M-DAQ’s growth strategy as it looks to expand into new international markets.
Thailand’s Siam Commercial Bank invests $100m in digital finance platform Akulaku
Akulaku CEO William Li says the companies share a vision for banking that is “expansive and inclusive”.
Aladin Bank turns to Google Cloud for Islamic banking tech innovation
Aladin Bank, an Islamic bank in Indonesia, has announced a “strategic collaboration” with Google Cloud.
Indonesian fintech start-up Pluang raises $55m in Series B follow-up round
The company has now raised $110 million in total Series B funding.
KoinWorks raises $108m in Series C to power Indonesia’s SME sector
KoinWorks aims to hire 400 new employees globally.
Bank Indonesia launches real-time payments infrastructure to broaden financial inclusion
The new payments system will form the “backbone” of a broader retail payment system infrastructure.
Indonesian fintech Flip plots expansion following $48m Series B
Cash will go towards strengthening its Indonesian operations and expanding its workforce.
