NewsAlibaba-backed payment company Paytm to raise USD 2 billionPaytm competes with the likes of Walmart-owned PhonePe, Google Pay, and Amazon Pay. 3 mins read
Ovo’s transactions grew more than 27 times from May 2018 to August 2019. InsightsIndonesia’s newest unicorn Ovo says it now has more active users than credit card companies3 mins read
One dark side of China’s fast-growing consumer loan industry. NewsLoan platforms backed by JD.com and Baidu face controversy as English-training agency Webi goes bankrupt2 mins read
Samsung Pay opens the collaboration with other payment players in Indonesia. NewsSamsung Pay collaborates with Indonesian mobile wallets Dana and GoPay1 min read
The company was founded by six former employees from Alibaba and its affiliate Ant Financial. NewsCross-border payment platform XTransfer raises USD 15 million in Series B1 round, led by Alibaba2 mins read
This is the second batch of companies to be approved this year. NewsOriente one of six online lenders to receive official business license in Indonesia2 mins read
The startup is on its way to hit profitability, CEO says. InsightsIndonesian P2P lender KoinWorks focuses on business and education: Startup Stories4 mins read
Ovo’s e-wallet is integrated into several platforms, including ride-hailing firm Grab and e-commerce marketplace Tokopedia. NewsDigital wallet Ovo is officially Indonesia’s fifth unicorn1 min read
A week of keynotes, panel discussions, workshops, competitions—and an “Innovation Lab Crawl”. EventsSFF x SWITCH: Fintech and deeptech innovators meet in Singapore from November 11-152 mins read
NewsDeals in brief: Augmentus raises Series A+ funding, Coda to acquire Recharge, Origgin Capital debuts second fund, and more