Mastercard to lead Series B round for Indonesia's Digiasia Bios
MASTERCARD will be leading Indonesia fintech holding company Digiasia Bios' Series B funding round, according to a joint press statement on Wednesday.
The payments technology giant will provide "capital and strategic assistance as Digiasia looks to strengthen its suite of financial services that expand the ways individuals and MSMEs (micro, small and medium enterprises) can take part in the digital economy".
In addition to Mastercard's financial investment, Digiasia will also be able to leverage Mastercard's banking and business networks, and cybersecurity expertise.
The startup is affiliated with Indonesian fintech companies such as e-wallet and payment platform KasPro, peer-to-peer lender KreditPro, and remittance company RemitPro.
Digiasia has existing partnerships with companies including iRMA, Metrodata, Western Union and Mandiri Syariah.
A NEWSLETTER FOR YOU
Garage
The hottest news on all things startup and tech to kickstart your week.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Startups
Gojek and ComfortDelGro Taxi to send untaken rides to each other’s platforms
SG fintech firm Bambu shuts down after missing profit targets, says founder
Telemedicine platforms evolve beyond virtual consultations
Funding concentration seen in emerging tech startups: SGInnovate report
Decarbonisation startup Accacia raises US$6.5 million
A cheat sheet of startup and tech M&As in South-east Asia