<article>Indonesian employee benefits and fintech solutions provider Venteny on Thursday made its listing debut, raising $21.68 million, while US-based payment major Payoneer secures payment licence from Monetary Authority of Singapore (MAS).</article>

Indonesian employee benefits and fintech solutions provider Venteny on Thursday made its listing debut, raising $21.68 million, while US-based payment major Payoneer secures payment licence from Monetary Authority of Singapore (MAS).
<h3>Indonesia&#8217;s Venteny raises $21m in IPO</h3>
<a href="https://www.dealstreetasia.com/stories/venteny-aims-27m-in-local-ipo-317716/">Indogen-backed employee benefit and fintech solutions</a> PT VENTENY Fortuna International (Venteny) on Thursday listed on the Indonesia Stock Exchange (IDX), raising 338.32 billion rupiah ($21.68 million), according to a statement..
The Indonesian startup released 939 million shares or a 15% stake in the company. Its IPO price was set up at 360 rupiah apiece or at the medium range of 350-450 rupiah apiece.
Venteny plans to put 42% of the IPO proceeds into its subsidiary Venteny Matahari Indonesia, a peer-to-peer lending company. The rest will be used for technology and organisation development. 
Launched in April 2015 by its founder and current CEO Junichiro Waide, Venteny has operations in Singapore, the Philippines and Indonesia. Venteny has over 200,000 users in the Philippines and 250,000 users in Indonesia.
Its shares closed at 378 rupiah apiece on Friday, down 4,55% from Thursday at 396 rupiah apiece, but higher than the IPO price. 
<h3>Payoneer secures payment licence from MAS</h3>
US-based payments major Payoneer said it has secured in-principle regulatory approval for a major payment institution licence from the Monetary Authority of Singapore (MAS). 
The licence will allow Payoneer to offer additional payment services such as mass payout and card offerings to companies located in Singapore, according to a statement on Friday.
Payoneer was listed on Nasdaq in May 2021 after it merged with special purpose acquisition company (SPAC) FTAC Olympus Acquisition Corporation. Founded in 2005, it provides e-commerce services to individual online sellers as well as platforms, including Airbnb and Amazon.com Inc.

Venteny plans to put 42% of the IPO proceeds into its subsidiary Venteny Matahari Indonesia, a peer-to-peer lending company.

SEA Digest: Venteny makes IDX debut; Payoneer bags MAS licence

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SEA Digest: Venteny makes IDX debut; Payoneer bags MAS licence

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