The future of SEA fintech is peer-to-bank (P2B), says C88’s John Patrick Ellis


Ellis said that the currency volatility and low household savings in SEA will push P2P lenders to collaborate with players with bigger pools of cash. In markets like Indonesia and the Philippines, these will be financial institutions and banks.

Go-Jek’s Philippine entry hits regulatory roadblock

It is understood that Go-Jek filed its application for launching services in Philippines on August 13, oblivious of the memorandum that had been put in place just days earlier. The Philippines, along with Thailand and Singapore,  are among the four Southeast Asian countries Go-Jek has identified as their target markets for expansion.

Prudential, Sun Life said to be among bidders for CBA’s Indonesia insurance biz

The stake sale, which could value the venture at between $250 million and $300 million, has also received second-round bids from insurer FWD Group, Singapore-listed Great Eastern Holdings, and Indonesia’s Sequis Life

Stocks under pressure but the IPO frenzy on IDX refuses to die down

Indonesia has had more IPOs this year than any other country in Southeast Asia, with Malaysia a distant second. And some 24 other companies are planning to list their shares before the end of December.

Indonesian fintech startup PAYFAZZ to raise more than $10m Series A

PAYFAZZ is likely to secure the funding from Insignia Ventures Partners and DST Global, the Yuri Milner-owned investor in internet companies, as smaller investors, and an undisclosed lead investor.

Indonesia’s unicorns eye a bigger splash in fast-growing fintech market

Go-Jek has launched a new payment feature called PayLater that enables customers wanting to purchase laptops, smartphones and other goods to pay in interest-free instalments for up to a certain limit.

Freeport, Rio sell majority stake in Grasberg mine to Indonesia for $3.85b

The sale brings Freeport close to ending more than nine years of often fractious negotiations with Indonesia over ownership rights to Grasberg.

Indonesia’s Venturra Capital launches $15m fund targeting early-stage startups

The fund plans to invest in 30-40 startups over the next four years with check sizes ranging from $200,000 – $500,000.

Zurich Insurance to buy majority stake in Indonesia’s Adira for $414m

Zurich Insurance is acquiring 80% stake in the Indonesian insurer from PT Bank Danamon and a minority investor.

Financial services, overseas expansion and IPO: How Go-Jek is just getting warmed up

Go-Jek co-founder Kevin Aluwi discusses an array of milestones in the Indonesian firm’s journey.