Ayoconnect

Indonesia - Jakarta Selatan, DKI Jakarta

• 13/10/2022
• Series B
• $13,000,000

Ayoconnect is Southeast Asia’s largest open finance API platform. It enables developers to choose from a wide range of white-label financial 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 its clients to monetize and expand their business quickly and effectively.

Founded in 2016, Ayoconnect’s API stack has seen rapid adoption. More than 200 companies trust it as clients, including leading banks, retailers, e-commerce, fintech, 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 Southeast Asia.

Related People

Jakob RostFounder

Indonesia - Jakarta, Jakarta,

STARTUP & FINTECH ENTHUSIAST of the INDONESIAN TECH LANDSCAPE:
~10 years experience in the Indonesian Tech Ecosystem e.g. E-commerce, Fintech, and Financial Services
- Particular interest in Open Banking, Payments, Embedded Finance, the API Economy, Lending & Digital Banking

CEO & FOUNDER of AYOCONNECT- Indonesia's largest Financial API Platform:
- Clients include Tier 1 Banks, E-commerce, E-Wallets, and traditional companies
- Raised 20m US$ from institutional VC & PE funds and strategic investors

- Active Angel investor
- Speaker at Industry Conferences
- Startup Mentor (MDI Indigo, Startup Studio Indonesia)
- Advisor for early-stage companies

Previously:
- Managing Director for Lazada Indonesia, South-East Asia's largest E-commerce group which was acquired by Alibaba for 4bn US$.
- The Boston Consulting Group (BCG) focusing on financial services, banking and corporate finance.

Based in Jakarta, Indonesia.

LinkedIn https://www.linkedin.com/in/jakobrost/