Ayoconnect Secures $5M to Scale Payments & Banking Enablement

Ayoconnect, an Indonesian financial technology company, has successfully raised $5,000,000 in investment capital from investors. Established in 2016, the company operates in Payments and Banking Enablement for Indonesia, aiming to revolutionize the financial services landscape across the region. Headquartered in Jakarta, Ayoconnect offers full-stack payment API solutions tailored for businesses of all sizes and industries. Its main offerings include Recurring Payment, Virtual Cards, Instant Transfer, and Digital Products (PPOB). The company's robust API network processes over 500 million hits annually and connects more than 1,000 institutions, serving a client base of over 200 companies. These range from major financial institutions like Bank BRI and Bank Mandiri to prominent technology firms such as DANA and Traveloka, alongside government agencies like PT Kereta Api Indonesia (KAI) and BPJamsostek. This funding round provides Ayoconnect with strategic resources to further its mission. The capital will primarily be allocated towards accelerating growth initiatives, including enhancing its existing API solutions, expanding its product suite, and increasing its market presence. The investment signifies investor confidence in Ayoconnect's secure and compliant infrastructure, as the company is a licensed Payment Initiation and/or Acquiring Services (PIAS) provider and Payment Service Provider (PJP) category 1 by Bank Indonesia, holding ISO 27001 and PCI-DSS certifications. With this newly secured investment, Ayoconnect is poised to strengthen its role as a critical enabler of digital financial services in Indonesia and the broader Southeast Asian market. The company plans to continue driving innovation in financial technology, supporting businesses in providing advanced financial services and unlocking new growth opportunities across the region.