Digital Payments Startup Oy! Indonesia Closes $30M Series A Funding Round

Indonesian digital payments startup Oy! Indonesia announced recently that it has secured $30 million in a Series A fundind round, led Softbank Ventures Asia, with participation from AC Ventures, MDI Ventures, Pavilion Capital, Central Capital Ventura, Wavemaker, PT SAT, Saison Capital, Orion Advisors (DST Founders). 

According to the post on the company’s LinkedIn, Oy! Indonesia plans to use the capital to expand and enhance its service in developing a reliable money-movement service for marching towards the next growth stage. Launched in 2018, the firm claims to have one million active users already.

“As we embark on our journey, we realize that society and businesses need a reliable and secure payment system to move their money. Hence why we decided to be the answer to their payment needs. Combining technology and finance within our services, we are on our way to achieve our grand vision as a leading payment platform,” said Oy! Indonesia.