Waddle will use the fresh capital to scale the platform in Australasia and accelerate the integration of its global financial services partners.
Paytren, a mobile wallet and bill payment app founded by popular Islamic cleric Yusuf Mansur, says it has had no external funding since it started bac
The acquisition of Taralite will pave the way for OVO to branch out into P2P lending, which is seen as a potential profit-generator for the company.
OVO had earlier secured an undisclosed investment from Grab in return for a stake.
OJK says it is processing the registration of 145 lending platforms, while the number of players that have already registered is 99 in total.
The VC firm buys stakes from founders and early employees of growth-stage tech companies. Other portfolio companies include DiDi Chuxing and Coupang.
The funding comprises $730 million raised from a rights issue underwritten by the Riady family.
Q & A
Intudo, which recently closed its second fund at $50 million, started out with an “Indonesia-focused” thesis before further streamlining its thes
LPs in its current fund include the family offices of Ciputra Group and the Philippines' Ayala Corp.
US and Shanghai-based venture capital firm GGV Capital has promoted its vice president Robin Li to the position of Principal.
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