Indonesia

Tencent Cloud, the cloud business of China-based tech company Tencent, has on Wednesday announced its collaboration with Allo Bank, Indonesia’s largest digital banking platform, to enhance digital banking in the country.

New Report by Indonesia's early-stage venture capital firm AC Ventures and and the Electric Mobility Ecosystem Association (AEML) has revealed a promising outlook for electric vehicles (EV) in Indonesia.

Despite the economic challenges faced post-pandemic, Indonesia has seen a 28 percent growth in the market share of peer to peer (P2P) lending in just 6 months, YouGov's study showed on Monday. The study further solidifies the position of fintech in Indonesia, particularly P2P lending, as an attractive investment instrument for the public.

Baskit plans to utilize the newly-raised funds to expedite its tech roadmap and extend its reach within #Indonesia. "Our goal is to harmonize the #supplychain, embracing transformative technologies while respecting traditional norms," says Baskit's CEO, Yann Schuermans. "To achieve this, we are developing cutting-edge tools that will be both functional and…

The International Finance Corporation (IFC), a member of the World Bank Group, will invest up to $500 million in Indonesian lender PT Bank BTPN Tbk (BTPN), comprising a social bond and a green bond issuance.

Slice Group, an Indonesian developer of creator management tools for the creator economy, has on Wednesday announced the completion of a $645,000 seed round of financing led by Intudo Ventures and Arise.

GoTo-backed investment firm Go-Ventures has rebranded as Argor Capital Management Pte. Ltd. (Argor) and closed its second flagship venture fund at $240 million.

Indonesian business to business (B2B) payments orchestrator Durianpay has announced its plans for further expansion following a remarkable financial performance in the first half of 2023. The firm reported a five times year on year growth in total processing value (TPV) since 2022 and a positive gross margin since its first year of operating.

Paywatch, a Singapore-based earned wage access (EWA), has partnered with Bank KB Bukopin, to launch the first bank-backed EWA service in Indonesia, aimed at promoting greater financial inclusion and improving the financial well-being of employees.

Bluebird is committed to using 10 percent of electric vehicles by 2030, according to its latest annual report.