Ayoconnect

Ayoconnect, an Indonesia-based open finance API platform, has on Tuesday announced a strategic partnership with Mastercard to modernize bank account-based payments and co-create open finance solutions in Indonesia.

Ayoconnect, an Indonesia-based open finance platform, has closed $13 million for its Series B+ financing round led by SIG Venture Capital with participation from CE Innovation Capital.

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…

With the regulatory foundation that is being developed across the region, the rapidly growing internet population, and rising digital financial services adoption, we can expect a trend towards healthier competition among the players and better protection of consumers’ rights.

The ORIGIN Innovation Awards recognizes outstanding startups, corporate innovators, and movers and shakers in the Asia Pacific region poised for growth. The awards celebrate the spirit of innovation and entrepreneurship, and also seek to inspire the dreamer in all of us.

Pre-Series B funding allows Ayoconnect to continue to focus on growth, recruitment, and product development - particularly in building the API economy in Indonesia with full-stack API solutions.