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Indonesia’s Julo Raises Series A Funds US$15M Led by Quona

JAKARTA (TheInsiderStories) - Julo, a lending platform based in Indonesia, has extended its Series A funds to US$15 million as the scale businesses rocketed. To date...

Indonesia’s LinkAja Operator Gets Injection from SOEs Companies

JAKARTA (TheInsiderStories) - As many as nine companies of State-Owned Enterprises (SOEs) will injecting capital to PT Fintek Karya Nusantara (Finarya), a financial technology...

Bank Indonesia Launched Standard for QR Code Indonesia

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) launched a standard for QR Code or Indonesian QR Code Standard (QRIS) that make payment system possible interconnected...

Morning Briefing: Brexit Deal Unclear

JAKARTA (TheInsiderStories) – Good morning! United Kingdom’ (UK) House of Commons rejected Prime Minister Theresa May' program to exit European Union (EU) in a...

Indonesia’s Telkomsel Built Fintech Payment to Support Tcash

JAKARTA (TheInsiderStories) - Indonesian cellular operator, PT Telekomunikasi Seluler (Telkomsel) built a financial technology (FinTech) provider, PT Fintech Karya Nusantara (Finarya) to support the...

Morning Briefing: Trade War Tension Calms Indonesian Market

JAKARTA (TheInsiderStories) — Good morning! Easing the trade war tension with the United States (US), China says its scrapped it's ‘Made in China 2025’...

Morning Briefing: Indonesia Loosens Grips on Several Taxes and Levies

JAKARTA (TheInsiderStories) — Good morning! Indonesian government unobstructed some of its revenue budget, by agreed to implement zero export levy for Crude Palm Oil (CPO) and...

Japan’s LINE Financial Acquires 20% Bank KEB Hana Indonesia

JAKARTA (TheInsiderStories) - LINE Financial Asia (NYSE:LN/TSE:3938), a unit of Japan's LINE Corporation will acquire 20 percent of PT Bank KEB Hana Indonesia Tbk, a foreign...

Hong Kong’s TNG Fintech Acquires Walletku for Undisclosed Amount

JAKARTA (TheInsiderStories) - TNG FinTech Group, Hong Kong-based financial technology company, announces the acquisition of Indonesian based PT WalletKu Indompet Indonesia (WalletKu) for undisclosed amount. As an...

FintechSPACE Officially Establishes in Indonesia

JAKARTA (TheInsiderStories) - The good news for financial technology (FinTech) entrepreneurs in Indonesia, now a special joint office FinTech has been established to continue the collaborating...

Indonesia’s Astra, WeLab Redefines Consumer Lending in Indonesia

JAKARTA (TheInsiderStories) - PT Astra International Tbk (IDX: ASII), one of Indonesia’s largest diversified holding companies, through its subsidiary PT Sedaya Multi Investama, and WeLab, a...

Indonesia’s FSA Launch OJK Infinity to Creates FinTech Ecosystem

JAKARTA (TheInsiderStories) - Indonesia Financial Services Authority  (FSA) inaugurated the operation of OJK Innovation Centre for Digital Financial Technology (OJK Infinity) which aims to build the FinTech ecosystem...

Indonesia’s KoinWorks Raises $22.5M in Series A Financing

JAKARTA (TheInsiderStories)--Indonesia's Peer to Peer (P2P) Fintech Lending KoinWorks announced its Series A funding round of US$22.5 million led by Mandiri Capital Indonesia. CO-Founder &...

FinTech Could Help Indonesia’s Micro-SMEs

JAKARTA (TheInsiderStories)--Financial technology (FinTech) could help Indonesia's micro, small, and medium enterprises (micro-SMEs) and boost the financial inclusiveness. CEO of International Finance Corporation (IFC) Philippe...

Indonesian Govt. to Block 227 Illegal Fintech P2P Lending

JAKARTA (TheInsiderStories)--Indonesia's Financial Service Authority (FSA) had requested for the Communication and Informatics Ministry to block 227 unregistered financial technology (FinTech) Peer to Peer...

Indonesia’s Akseleran Targets $13M Loans Disbursement in 2018

JAKARTA (TheInsiderStories)--Indonesia-based peer-to-peer lending (P2P) financial technology (FinTech) startup Akseleran targets loan disbursement of Rp200 billion (US$13 million) this year. Co-Founder & Chief Executive Officer Akseleran...

PayPal Joins Indonesia’s Alpha to Invest US$5M in Fintech Funding

JAKARTA (TheInsiderStories) - Indonesia's venture capital firm Alpha JWC Ventures has announced to join with global technology platform and digital payments leader PayPal Holdings, Inc....

Singapore’s Caroussel Raises US$85 M, Seeks Expansion in Indonesia

JAKARTA (TheInsiderStories) - Singapore-based e-commerce company Carousell has announced the closing of an US$85-million Series C funding round led by Rakuten Ventures and EDBI. Carousell...

Policy Review: Next Phase of NPG Program Should Merges With FinTech

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) is ready to implement the second phase of the National Payment Gateway (NPG). The central bank and stakeholders in the...

Reynold Wijaya of Modalku: We Only Take the Crumble of the...

JAKARTA (TheInsiderStories) - Founder and CEO of an Indonesia-based peer-to-peer lending fintech startup Modalku, Reynold Wijaya, expressed his optimism about the industry’s potentials. For him personally,...

Telkom Metra Acquires 51% Stake in Financial Service Firm

JAKARTA (TheInsiderStories) - PT Telkom Indonesia Tbk (IDX: TLKM), through its subsidiary, PT Multimedia Nusantara (Metra Telkom) has officially acquired 51 per cent of PT...

Uber Swaps Southeast Asia Operations with 27.5% Grab’s Shares

JAKARTA (TheInsiderStories) –  U.S's ride-hailing Uber swaps its Southeast Asia operations with 27.5 percent Grab shares, said the Malaysian company on Monday (26/3) for an undisclosed...

Policy Review: Fintech and Accusation as ‘Modern Loan Shark’

JAKARTA (TheInsiderStories) - Indonesia’s vast and young population sounds like a great market opportunity for business players and investors. But there is one catch. The...

Smartag Signs Agreement to Provide Fintech Solutions to Rural Indonesia

JAKARTA (TheInsiderStories) -Smartag International, Inc. (OTC Markets: SMRN) announce that on Feb. 27, entered into a joint venture agreement with PT Supratama Makmur Sejahtera (PTSMS), an...

Telkom Buys 30% Hungarian Cellum Shares To Reinforce FinTech Business

JAKARTA (TheInsiderStories) - The country's telecommunication provider PT Telkom Indonesia Tbk (IDX: TLKM) sharpened its nails in the financial technology (FinTech) business by acquiring a mobile...

GO-JEK Acquires Three Fintech Firms to Strengthen GO-PAY Businesses

Cementing Leadership in Indonesia's Fast Growing Payments Market JAKARTA (TheInsiderStories) - GO-JEK,Indonesia’s mobile on-demand services and payment platform, has acquired three leading financial technology (fintech) businesses in...

UK’s WorldRemit Eyes Indonesian Digital Money Business

The Series C round was led by LeapFrog Investments, with significant participation from existing investors Accel and TCV JAKARTA (TheInsiderStories) - United Kingdom's (UK) leading...

Disruption in Banking Industry: Non-Bank Electronic Wallets

JAKARTA (TheInsiderStories) - Financila technology (FinTech) startups in Indonesia have initiated a revolution in the way financial institutions, including banks, in the country are...

When Payment Innovation Grows Faster than Regulations

JAKARTA (TheInsiderStories) - Indonesia, home of more than 250 million humans, matures with strong consumer power. Dominated by a millennial generation, Indonesia is now entering the...

Indonesia’s Long Journey To a ‘Cashless Society’

Jakarta (TheInsiderStories) - In recent years, Indonesia’s urban population has become accustomed to use non-cash payment instruments, such as credit cards, debit cards, ATM...