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Start up News

Indonesian e-commerce solutions company Sirclo acquires Warung Pintar

Sircolo, an e-commerce solutions company, acquires Warung Pintar, a marketplace for independent retailers (“warungs”). The acquisition aims to strengthen Sirclo’s proposition  as the go-to omnichannel solution for brands, distributors, MSME merchants, and end consumers. Sirclo Group CEO, Brian Marshal, said

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Fintech News

Fintech and Banks Continue to Develop Paylater Business

Delayed instalment repayment of goods from point-of-purchase, or Buy-now-pay-later (BNPL) scheme has been growing fast since the beginning of Covid-19 pandemic. For example, Kredivo company works with major e-commerces in Indonesia, and has ~50% of the wallet share of transactions

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Macro News

Leading banks to embrace digital transformation

Digital banking transactions are gaining popularity due to improved customer experience. This trend is also supported by the growth in merchants providing cashless payment options for consumers. Bank Indonesia predicts the value of digital banking transactions to reach US$ 3.45

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Covid-19 News

Increasing Omricon cases in Indonesia

The average daily cases in Indonesia as of last week, is at 1,808 cases per day, which is significantly low compared to global figures. President Joko Widodo had urged the population to get booster shots, as a step to prevent

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Press Release

iGrow Partners With Nikel To Channel Agriculture – Focused Loans

iGrow, an Indonesian fintech peer-to-peer lender, partners with Nikel, to channel more productive loans to agribusinesses and farmers. Nikel is a leading embedded lending technology company that connects capital to small businesses with end-to-end lending solutions for banks, alternative lenders,

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Start up News

Koinworks raised Series C funding of US$108million

Fintech lending startup, KoinWorks, received US$108 million (IDR 1.6 trillion) in Series C funding. The funding round was led by MDI Ventures, the corporate venture capital arm of Telkom Indonesia. Other participating investors are Quona Capital, Triodos Investment Management, Saison

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