1. Startup

Oy! Raises 653 Billion Rupiah Funding, Soon to be Centaur

Softbank Ventures Asia, MDI Ventures and a number of VCs joined this round, taking the company's valuation to $108 million

Afintech platform providing transfer service, Oy! reportedly raises series A funding worth of $45 million or equivalent to 653.4 billion Rupiah. Softbank Ventures Asia and MDI Ventures led the round with some investors including Pavilion Capital, AC Ventures, Alfamart, Central Capital Ventura, Wavemaker Partners.

Apart from already registered with the regulator, parties that involves in this agreement confirmed the new round. The total funding is said to take the company's valuation to $108 million. AC Ventures entrance also brought one of its founding partners, Pandu Sjahrir, to the ranks of Oy!'s board members.

Oy!'s seed round has been raised from 2017 to 2020, several investors involved including MDI Ventures, Wavemaker Partners, Pavilion Capital, and Central Capital Ventures.

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