Indonesian open finance fintech Ayoconnect raises $15M led by Tiger Global

Ayoconnect has closed a $15 million series B financing round led by Tiger Global. The round was joined by PayU, the payments and fintech business of Prosus, and Alto Partners, as well as individual strategic investors, including Plaid Co-Founder William Hockey and Jerry Ng, President Commissioner of Bank Jago, It will use the funds to satisfy increasing customer demand for more products and use cases. It will also use the new funds to continue launching new products and increase its capacity so it can absorb accelerating demand.