SoftBank Ventures Asia leads $30m round in fintech OY! Indonesia


Source: dealstreetasia.com dealstreetasia.com

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Indonesian digital payments startup OY! Indonesia has bagged $30 million in Series A funding led by SoftBank Ventures Asia. Other investors that participated in the round include MDI, Temasek’s Pavilion Capital, AC Ventures, CCV, Wavemaker Partners, PT SAT, and Saison Capital. Founded in 2018, OY! Indonesia offers products such as bulk disbursements, payment checkout, and payment collection services via SMS to banks and businesses. The startup said it connects financial institutions with businesses and individual consumers and claims to have one million active users currently. In a statement, OY! Indonesia’s chief executive Jesayas Ferdinandus said the startup is now valued...