Modalku
Embracing fintech, Bank Indonesia opens BI Fintech Office
In a bid to support the recently launched e-commerce roadmap, as well as the growing financial technology (fintech) sector in the country, Indonesia’s central bank, Bank Indonesia established its own ‘Fintech Office’ last week in Jakarta.
Bank Sinarmas allocates US$760K to Funding Societies’ Modalku platform
Bank Sinarmas has partnered with P2B lending startup Modalku, allocating about US$760,000 for the latter’s platform to fund micro and small and medium enterprises (MSMEs).
Compliance a big part of Funding Societies’ US$7.4mil Series A
Singapore-based Funding Societies, which has secured US$7.4 million in Series A funding, will be using part of the additional funding to meet with regulatory requirements in the three markets it currently operates in.
