Indonesia

Indonesian Tech Firm GoTo Reassures Investors of Growth as Net Losses Triple in ’22 Q1
Indonesian Tech Firm GoTo Reassures Investors of Growth as Net Losses Triple in ’22 Q1
May 30, 2022  |  Earnings

Ride-hailing and eCommerce firm GoTo Group, in its first quarter as a public company, has posted 53% gross revenue growth, which sees it accelerating from...

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GoTo’s Post-IPO Ascent Is Far From a Done Deal
GoTo’s Post-IPO Ascent Is Far From a Done Deal
April 06, 2022  |  Investments

GoTo’s initial backers can expect very healthy returns on investment, indeed — but one wonders what’s next. As noted in this space last week, GoTo...

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FinAccel Acquires $200M Majority Stake in Bank Bisnis
FinAccel Acquires $200M Majority Stake in Bank Bisnis
April 04, 2022  |  Acquisitions

Consumer credit risk, scoring and lending platform FinAccel is acquiring a majority stake in the private commercial financial institution Bank Bisnis International for $200 million...

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Today in Crypto: WeChat Suspends Some NFT Accounts; Citi Sees Metaverse Market Worth Up to $13T by 2030
Today in Crypto: WeChat Suspends Some NFT Accounts; Citi Sees Metaverse Market Worth Up to...
April 03, 2022  |  Cryptocurrency

WeChat, China’s largest messaging app, has suspended some accounts that have been associated with NFTs as it clarifies its rules around the digital collectibles, a...

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Indonesian FinTech Amartha Eyes Bank Purchase
Indonesian FinTech Amartha Eyes Bank Purchase
March 28, 2022  |  Acquisitions

Indonesian peer-to-peer lender Amartha is in talks to acquire 70% of local bank PT Bank Victoria Syariah, according to a DealStreetAsia report Monday (March 28)....

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Super App GoTo Readies $1.3B IPO on Indonesia Stock Exchange
Super App GoTo Readies $1.3B IPO on Indonesia Stock Exchange
March 15, 2022  |  IPO

Super app GoTo, Indonesia’s largest startup, is planning to raise $1.3 billion at an estimated valuation of $29 billion in an initial public offering (IPO)...

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Akulaku Gets $100M Investment for Southeast Asia Expansion
Akulaku Gets $100M Investment for Southeast Asia Expansion
February 18, 2022  |  Investments

Siam Commercial Bank has made a $100 million strategic investment in Indonesian banking and digital finance platform Akulaku that will help the company continue its...

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Bank Negara Indonesia Acquires Digital Banking Platform Bank Mayora
Bank Negara Indonesia Acquires Digital Banking Platform Bank Mayora
January 24, 2022  |  Acquisitions

PT Bank Negara Indonesia Tbk (BNI) on Monday (Jan. 24) announced it will acquire about 64% of digital banking platform PT Bank Mayora, helping the...

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Singtel, Grab Each Snag 16.3% of Indonesia’s PT Bank Fama
Singtel, Grab Each Snag 16.3% of Indonesia’s PT Bank Fama
January 21, 2022  |  International

Telecom firm Singapore Telecommunications (Singtel) and ride hailing and payments firm Grab Holdings Ltd. each bought 16.3% of Indonesia’s PT Bank Fama International to expand their...

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