Mastercard to invest in Indonesian startup Digiasia.

Expanding payments, P2P lending, and remittance services across Indonesia.

Alfred Lee 3 Mar, 2020

Mastercard to invest in Indonesian startup Digiasia.

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.

Alexander Rusli, CEO of Digiasia Bios.

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.

Alfred LeeAuthor

Journalist at BEAMSTART. I write about breaking business news in the region.

Be Part of this Story

More Stories

BEAMSTART News covers the latest stories on Business, Finance, and Opportunities in Asia. We are an extension of global business social networking platform BEAMSTART.

Stay updated with us via our channels below:


Download the App

Be part of the global community of CEOs, Business Leaders, and Professionals. Download below:

© 2016 - 2020 BEAMSTART. All Rights Reserved.