Indonesia’s largest insurance technology (insurtech) company has secured $25 million in a series B+ funding round led by a global fintech fund.

Finance Minister Sri Mulyani noted that the bill covered the definition and scope of fintech firms, their legal status, as well as regulation, supervision, licensing and consumer protection.

Driven by the rapid adoption of technology in the face of the COVID-19 pandemic, property developer Sinar Mas Land has started construction of the Knowledge Hub office building in the Digital Hub BSD City tech-focused commercial area.

Edutech firm Cakap aims to upgrade its technology and offer more classes with the new funds.

The Indonesian start-up has secured US$48 million in its latest funding round to secure its domestic lead, with plans to expand its services and workforce.

The idea of spending millions on non-existent land may sound ludicrous -- but feverish predictions of a virtual reality future are pushing investors to bet big on digital real estate.

Angel investor and CEO of Prasetia Dwidharma, Arya Setiadharma, says start-ups now have access to more funding options, including to go public while the companies are "still hot".

In this mutually beneficial relationship, banks have the capital and P2P platforms have the market.

The backdoor listing on Nasdaq marks the high point for the nine-year-old Singapore company.

A study from Katadata shows that satellite cities offer tech start-ups similar opportunities to urban centers.

Employee management platform GajiGesa, which offers earned wage access (EWA) and other financial services, has received $6.6 million in funding from venture capital firms and strategic investors.

The Indonesian Fintech Association (Aftech) has launched a code of ethics that holds its members responsible for protecting user data on their platforms so as to underpin trust in the digital economy.

Newly published research by the Social and Economic Research Institution at the University of Indonesia Economy and Business School (LPEM FEB UI) has revealed that the presence of Grab has boosted economic activity.

Venture capital firms and other financiers have taken a keen interest in the industry lately, so much so that investment apps attracted almost a quarter of all fintech funding this year.

Bright lights, big city — an apt description of every metropolis imaginable, including capital city Jakarta.

After more than a year cooped up at home, it is only natural that people, especially families, would like a change of pace to break up the pandemic blues.

Ayoconnect’s newest commissioner, Ilham Habibie, says Indonesia is entering an era of open finance in which fintech services connect with one another.

Superapps that can offer the most comprehensive and cheapest services will capture people’s hearts, according to digital economy experts.

The funds come from various investors ahead of the tech firm’s much-anticipated bourse debut.

The $400 million pre-IPO commitment by the Abu Dhabi Investment Authority will be the first principal investment by its private equity arm into a technology business in Southeast Asia and its largest deal in Indonesia, according to a statement on Wednesday.

Cryptocurrency investors have been waiting for approval of the first US ETF for bitcoin, whose recent rally has been fuelled in part by anticipation of such a move, which is seen as speeding up the mainstream adoption of digital assets.

But these days the platforms are increasingly finding themselves under fire, with politicians seeking to regulate the industry and restaurateurs accusing the likes of DoorDash, Grubhub and Uber Eats of freeloading. And they are looking for ways to do without them.

BNPL is on course to contribute 12 percent of all e-commerce sales in APAC by 2023, with a projected BNPL net revenue of up to $1.5 billion in Southeast Asia that same year. Capitalizing on this expected growth will require a strategy that reflects the local landscape as well as rapidly evolving market conditions.

The Singapore-based special purpose acquisition company is looking for start-ups that can be “successful” in Indonesia and expand in the region.

Businesses at all scales and the public sector have flocked to digital technology to manage their activities amid government-imposed mobility restrictions.

Facebook and Google undersea data cable project linking North America and the Asia-Pacific region is under way. The project, dubbed Echo, is built in collaboration with Indonesian telecommunication company PT XL Axiata.