Online lenders like UangTeman to face new regulations in Indonesia

Online lenders like UangTeman to face new regulations in Indonesia Indonesia’s financial services authority (OJK) is working on new rules for online money lenders, The Jakarta Globe reported earlier this week. The expected release date is between April and June this year. The regulations concern online lenders who give out loans from their own capital […]

The post Online lenders like UangTeman to face new regulations in Indonesia appeared first on Stage Asia - startups directory.

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Payments company Ayopop raises $1m seed funding

Payments company Ayopop raises $1m seed funding Indonesia’s Ayopop specializes in bill payments, which means it wants users to pay for things like their phone bills, electricity, and internet services through its app. Ayopop launched about a year ago and has been angel funded so far, with some investment from venture capital firm Gree. The post Payments company Ayopop raises $1m seed funding appeared first on Stage Asia - startups directory .

OBike ceases operations in Singapore

Bike-sharing firm oBike has ceased operations in Singapore as of today, suggesting that the cost of complying with stricter regulation of bike-sharing in the city-state forced its departure.

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