Indonesian fintech firm KoinWorks' losses surged 6.8x in 2022

Indonesian fintech firm KoinWorks' losses surged 6.8x in 2022

KoinWorks co-founders Benedicto Haryono (right) and Willy Arifin

Jakarta-based fintech firm KoinWorks saw its losses widen by 585% in 2022 from a year earlier even as its revenue increased by about 68%, according to regulatory filings by its Singapore-registered parent company.

Edited by: Pramod Mathew

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