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///LATE STAGE • Sociolla • US$ 250M • Commerce///POLICY • Gold Export Duties: Progressive Reference-Price Ladder Kicks In///SERIES A • Hangry • US$ 10.5M • F&B///POLICY • Coal Export Tax 2026: Indonesia Signals a New Resource-Rent Phase///SERIES B • Honest • Undisclosed • Fintech///POLICY • Export FX Repatriation: Proceeds Routed Through State Banks From 2026///SEED • Arummi Foods • US$ 2M • F&B///POLICY • OJK POJK 4/2025: Financial Aggregators Move Into a Licensing Regime///PRE-SEED • IDRX • US$ 300k • Web3///POLICY • Finfluencer Rules: OJK Tightens Conduct Around Securities Marketing///SERIES C • Yup • US$ 32M • Fintech///POLICY • Dormant Accounts: New Standardization Changes Bank Data and Ops///LATE STAGE • Sociolla • US$ 250M • Commerce///POLICY • Gold Export Duties: Progressive Reference-Price Ladder Kicks In///SERIES A • Hangry • US$ 10.5M • F&B///POLICY • Coal Export Tax 2026: Indonesia Signals a New Resource-Rent Phase///SERIES B • Honest • Undisclosed • Fintech///POLICY • Export FX Repatriation: Proceeds Routed Through State Banks From 2026///SEED • Arummi Foods • US$ 2M • F&B///POLICY • OJK POJK 4/2025: Financial Aggregators Move Into a Licensing Regime///PRE-SEED • IDRX • US$ 300k • Web3///POLICY • Finfluencer Rules: OJK Tightens Conduct Around Securities Marketing///SERIES C • Yup • US$ 32M • Fintech///POLICY • Dormant Accounts: New Standardization Changes Bank Data and Ops
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Ayoconnect
Series B+

Jakarta| Est. 2016

B2B infrastructure for bill payments, account-to-account transfers, and card-as-a-service. Revenue from transaction fees and licensing.

SectorFintech / Bill Payments
Total FundingUS$ 43M
ValuationUS$ 150M+
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Investment Thesis

"Bill payment infrastructure fragmented. Ayoconnect provides unified rails for payments ecosystem."

Recent Signals

  • 01First licensed Open Bill Network.
  • 0215,000+ biller products.
  • 03Card-as-a-service launch.
  • 04Tiger Global backed.

Key People

  • J
    Jakob Rost
  • C
    Chiragh Kirpalani

Cap Table

Tiger GlobalAlto PartnersAC Ventures Finch Capital

Verified Funding History

RoundDateAmountParticipating Investors
Series B ExtensionJan 2024US$ 2.5MMandiri Capital Indonesia
Series BOct 2022US$ 13MSIG Venture Capital (lead), CE Innovation Capital, PayU
Series BJan 2022US$ 15MTiger Global (lead), PayU, Alto Partners
Pre-Series BAug 2020US$ 5MBRI Ventures (lead), Kakaku.com, Finch Capital

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