Ayoconnect is Indonesia's largest API platform. It enables developers to choose from a wide range of financial white-label products on Ayoconnect’s API platform and quickly launch them to their users. Ayoconnect remains in the background, focused on building and operating the necessary infrastructure while allowing their clients to monetize and expand their business in a fast and massive way.
Founded in 2016, Ayoconnect’s API stack has seen rapid adoption. It is trusted by more than 100+ Indonesian companies as clients, including leading banks, retailers, e-commerce, fintechs, and e-wallets such as Bank BRI, Bank Mandiri, DANA, Indomaret, Bukalapak, Home Credit, Pegadaian and connects more than 1,000 institutions through its network of APIs. Ayoconnect’s APIs process more than 300 million API hits annually.
Ayoconnect has raised a total of US$15 million from leading local and international institutional investors. Ayoconnect's investors include Mandiri Capital Indonesia, Bank Mandiri’s corporate venture capital unit; BRI Ventures, Bank BRI's corporate venture capital unit; Indonesia’s AC Ventures, headed by Chairman of the Indonesian Fintech Association Pandu Sjahrir; Patamar Capital, Southeast Asia’s leading impact venture capital; Kakaku, a public company listed on the Tokyo Exchange (TYO); and Finch Capital among others. Ayoconnect continues expanding its ecosystem to accelerate financial inclusion and adoption of embedded finance throughout Indonesia.
Founded in 2016, Ayoconnect’s API stack has seen rapid adoption. It is trusted by more than 100+ Indonesian companies as clients, including leading banks, retailers, e-commerce, fintechs, and e-wallets such as Bank BRI, Bank Mandiri, DANA, Indomaret, Bukalapak, Home Credit, Pegadaian and connects more than 1,000 institutions through its network of APIs. Ayoconnect’s APIs process more than 300 million API hits annually.
Ayoconnect has raised a total of US$15 million from leading local and international institutional investors. Ayoconnect's investors include Mandiri Capital Indonesia, Bank Mandiri’s corporate venture capital unit; BRI Ventures, Bank BRI's corporate venture capital unit; Indonesia’s AC Ventures, headed by Chairman of the Indonesian Fintech Association Pandu Sjahrir; Patamar Capital, Southeast Asia’s leading impact venture capital; Kakaku, a public company listed on the Tokyo Exchange (TYO); and Finch Capital among others. Ayoconnect continues expanding its ecosystem to accelerate financial inclusion and adoption of embedded finance throughout Indonesia.
Location: Indonesia, Jakarta Special Capital Region
Employees: 201-500
Total raised: $15M
Founded date: 2016
Investors 3
| Date | Name | Website |
| 11.09.2020 | Taurus Ven... | taurus.vc |
| 08.12.2020 | Strive | strive.vc |
| - | Patamar Ca... | patamar.co... |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 27.01.2022 | Series B | $15M | - |
Mentions in press and media 20
| Date | Title | Description |
| 24.09.2025 | Ayoconnect denies $5m in alleged dubious transactions amid audit | - |
| 15.10.2022 | Indonesian Ayoconnect raised $13 M in Series B+ funding round | In a series B+ round headed by SIG Venture Capital and included CE Innovation Capital and current investor PayU, the Indonesian fintech company Ayoconnect has raised US $13 million. The latest funds bring the total money raised by Ayoconnec... |
| 13.10.2022 | Open finance startup Ayoconnect’s APIs enable financial inclusion in Southeast Asia | Focused on Southeast Asia, Ayoconnect’s APIs make it faster for businesses to launch new financial services, instead of needing to build their own tech infrastructure. It is also licensed by Indonesia’s central bank, enabling it to offer mo... |
| 10.05.2022 | Indonesia’s Incumbent BRI Pushes BRImo Mobile App as Part of Its Digital Banking Drive | Bank Rakyat Indonesia (BRI), one of Indonesia’s oldest and largest financial institutions, has embarked on a major digital transformation plan by embracing data, innovative technology and industry partnerships to address changing customer e... |
| 01.03.2022 | As API-first startups multiply, GGV builds an index | When GGV Capital reached out and said that it had built an index of API-first companies, I was curious. Venture-built indexes of startups and other firms have proved useful tools in recent years, led by Bessemer’s cloud index, which is now ... |
| 01.02.2022 | To introduce new products Ayoconnect received $15 M Series B funding | Tiger Global sponsored a US $15 million Series B fundraising round for Ayoconnect, an Indonesian online open financial platform. Along with Plaid co-founder William Hockey and Bank Jago President Commissioner Jerry Ng, PayU, Prosus’ payment... |
| 31.01.2022 | Indonesian fintech startup Ayoconnect raises USD 15 million in Series B | - |
| 27.01.2022 | Indonesian fintech startup Ayoconnect scores $15m in Tiger Global-led Series B round | Premium Ayoconnect, an Indonesian fintech platform that develops application programming interfaces (APIs), has raised $15 million in a Series B funding round led by Tiger Global, according to regulatory filings accessed by DealStreetAsia –... |
| 26.10.2021 | Ilham Habibie Joins Indonesian Open Finance Fintech Ayoconnect as Commissioner | Ilham Habibie is an experienced professional in the Indonesian ICT and finance landscape, leading the National ICT Council and the Agency for Research and Technology of the Indonesian Chamber of Commerce and Industry (KADIN). He is also the... |
| 01.09.2021 | Indonesian fintech startup Ayoconnect closes $10m pre-Series B round | Indonesian fintech platform Ayoconnect, which develops application programming interfaces (APIs), has raised $10 million in a pre-series B funding round. The fresh funding came from new investors Mandiri Capital Indonesia, the corporate ven... |
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