Dealflow | September 7, 2021

Ayoconnect scores $10 million to advance financial inclusion in Indonesia

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, September 7The fintech’s software platform helps banking and other partners collect data to offer more inclusive financial services for Indonesians. “Ayoconnect is democratizing access for the underbanked and unbanked population,” said Dondi Hananto of Patamar Capital.

Ayoconnect works with more than 100 partners in Indonesia, including Bank BRI, Bank Mandiri, Permata Bank and Gopay.

Access to capital

In addition to Patamar, Ayoconnect’s financing round was backed by Bank Mandiri’s corporate venture arm Mandiri Capital Indonesia and angel investors. The company has raised $15 million to date.