Alfred Lee 3 Mar, 2020
Mastercard, the global card payments company, announced today that it will be investing in Indonesian fintech startup Digiasia Bios.
The Jakarta-based company, founded in 2017, provides digital payments, peer-to-peer lending, and remittance services .
No financial details were disclosed, except that Mastercard will be leading the Series-B round.
Mastercard announced that the company will provide both strategic and financial assistance to Digiasia, as the fintech startup focuses on expanding its solutions across Indonesia.
“Financial inclusion is about more than just having people transact money via apps or make online purchases. It’s about finding simple mechanisms that broaden economic opportunities so that people at all levels of society can enjoy the benefits of a modernizing digital economy.”, said Safdar Khan, the division president of Southeast Asia Emerging Markets at Mastercard.