Indonesian fintech start-up Wagely lands $23m in mix of equity and debt financing
Wagely provides businesses with an earned-wage access (EWA) solution for employees.
The latest fintech news, resources and expert analysis in Indonesia by the leading intelligence provider for the worldwide fintech community.
Wagely provides businesses with an earned-wage access (EWA) solution for employees.
The duo are hoping to create a “one-stop solution” for non-dilutive growth capital.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The newly launched digital bank aims to target the younger generations, with a focus on solopreneurs in Indonesia.
As BigPay expands in Southeast Asia, the firm says it needed a partner with “deep understanding of the region”.
The round also saw participation from existing investor SBI Holdings, and succeeds the platform’s $23.5m Series C.
Funding Societies will channel the funding into its financing solutions to support SMEs in its five operating regions.
The deal marks another step in Finbots.AI’s push to scale across APAC.
Tencent Cloud will deploy its database management system TDSQL, to help the bank manage data efficiently.
The company’s co-founder Hann Liew confirmed his and Lucas Ooi’s decision this week.
Aspire says its results have set “a new industry standard of sustainable growth”.
What is needed within a large bank to ensure a BaaS proposition can be conceived, deployed and nurtured?
Japanese banking giant Mizuho Bank led the funding round, contributing $125 million.
Bank BTPN says the partnership with Surecomp means “we can future-proof our trade finance business”.
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The funding will support Akulaku’s anticipated growth as it looks to provide banking services across Southeast Asia.
The Indonesian bank will migrate its wealth management system to Avaloq Core.
The ICYMI round-up brings to you the latest funding news from around the world, every week.
Xendit says affected employees will receive “suitable compensation” alongside additional benefits.
The funding will be used towards building its business account and expanding across Southeast Asia.
The new funding brings Flip’s total Series B round to over $100 million.
With this acquisition, Razer Fintech says it marks its further expansion into Indonesia.
Intudo Ventures, Lightspeed, Northstar Group and Pantera Capital participated in the round.
This latest round brings Xendit’s total funding raised to date to $538 million.
The acquisition of Bank Bisnis will allow FinAccel to offer digital banking and larger loans to Indonesians.
The companies have announced the mutual termination of a previously announced acquisition agreement.
The solution will be available on all DBS Mastercard, Visa and American Express credit cards.
The deal forms part of M-DAQ’s growth strategy as it looks to expand into new international markets.
Akulaku CEO William Li says the companies share a vision for banking that is “expansive and inclusive”.
Aladin Bank, an Islamic bank in Indonesia, has announced a “strategic collaboration” with Google Cloud.
The company has now raised $110 million in total Series B funding.
KoinWorks aims to hire 400 new employees globally.
The new payments system will form the “backbone” of a broader retail payment system infrastructure.
Cash will go towards strengthening its Indonesian operations and expanding its workforce.
WeLab has raised $240m to fund the acquisition – “the largest fintech funding in Indonesia in 2021”.
The bank says its pivot to digital will allow it to cater to the underserved and unbanked.
Investment forms part of a 10-year partnership to deliver mobile financial services in the region.
The investment comes after the pandemic accelerated digital-first banking across Southeast Asia.
Thai fintech plans to boost financial inclusion efforts in Southeast Asia.