Bank Sinarmas has partnered with P2B lending startup Modalku, allocating about US$760,000 for the latter’s platform to fund micro and small and medium enterprises (MSMEs).
Jakarta-based startup Kanopi wants to empower Indonesia’s microfinance institutions to reach more customers, especially the country’s unbanked and underbanked communities.
VCs have to be supportive of their startups as entrepreneurship is a tough and lonely journey, according to a panellist at the What’s Next 2016 conference.
Mobile has immense potential to grow the reach of financial services and increase the convenience and ease of use for customers around the world, particularly in emerging markets, says analyst firm EY.
The fintech sector in Indonesia is booming, and some of the companies involved have begun discussions with the Financial Service Authority (OJK) on what shape regulations should take. This week, we hear from OJK itself.
The holy trinity for millennials is trust, relationships and technology, according to the author of the Millennials, Mobiles and Money: The Forces Reinventing Financial Services study.
Singapore-based KK Fund has closed an undisclosed amount for its second venture fund, with the brother of Softbank founder Masayoshi Son being one the Japanese investors in the round, reports Karamjit Singh.
Payment solutions startup Omise said it has secured US$17.5 million in Series B funding, bringing the total amount it has raised to more than US$25 million since its June 2013 launch.
Blockchain tech may have become a hit with the fintech community, but its usefulness extends into other industries where record-keeping and transparency are essential, says an IBM exec.
Investment management firm PT Aberdeen Asset Management is going the electronic trading (e-trading) path with support from PT Phillips Securities Indonesia, a member of the Hong Kong-based PhillipsGroup.