About Ayoconnect
Ayoconnect is a company based in Jakarta (Indonesia) founded in 2016 by Jakob Rost and Chiragh Kirpalani. It operates as a API-as-a-Product, Subscription Services, and FinTech. Ayoconnect has raised $46.5 million across 7 funding rounds from investors including PayU, Prosus and Mandiri Capital Indonesia. The company has 69 employees as of April 09, 2024. Ayoconnect offers products and services including Payment Gateway, Recurring Payment, Instant Transfer, Virtual Cards, and Digital Products (PPOB). Ayoconnect operates in a competitive market with competitors including M2P Fintech, Digiasia, Prime Trust, AuthBridge and Brick, among others.
- Headquarter Jakarta, Indonesia
- Employees 69 as on 09 Apr, 2024
- Founders Jakob Rost, Chiragh Kirpalani
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Ayopop Technology India Private Limited
- Date of Incorporation 22 Jan, 2018
- Jurisdiction Karadi Pune, Maharashtra, India
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Annual Revenue
$635.97 K (USD)13.27as on Mar 31, 2021
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Net Profit
$37.89 K (USD)-4.93as on Mar 31, 2021
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EBITDA
$51.36 K (USD)23.29as on Mar 31, 2021
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Total Equity Funding
$46.5 M (USD)
in 7 rounds
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Latest Funding Round
$2.5 M (USD), Series B
Jan 22, 2024
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Investors
PayU
& 19 more
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Employee Count
69
as on Apr 09, 2024
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Products & Services of Ayoconnect
Ayoconnect offers a comprehensive portfolio of products and services, including Payment Gateway, Recurring Payment, Instant Transfer, Virtual Cards, and Digital Products (PPOB).
Payment processing is facilitated for businesses seamlessly.
Recurring payments are collected effortlessly from customers.
Instant fund transfers are enabled at low costs.
Customizable virtual cards are issued for clients.
Digital products are integrated via single API.
Funding Insights of Ayoconnect
Ayoconnect has successfully raised a total of $46.5M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $2.5 million completed in January 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Ayoconnect
Ayoconnect has secured backing from 20 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include PayU, Prosus and Mandiri Capital Indonesia.
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Incubator and venture capital backed by Bank Mandiri
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Venture and private equity investments are managed with global diversification.
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Venture capital firm investing in multiple sectors
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Investor details for Ayoconnect
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Investments & Acquisitions by Ayoconnect
Investment portfolio details for Ayoconnect
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Financial Statements - Ayoconnect
Detailed financials for Ayoconnect
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Ayoconnect Comparisons
Peer comparison for Ayoconnect
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Competitors of Ayoconnect
Ayoconnect operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as M2P Fintech, Digiasia, Prime Trust, AuthBridge and Brick, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Banking, lending, and payment solutions are provided via custom APIs.
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Financial technology solutions for payments, lending, and remittances are offered.
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Cloud-based AML and banking API solutions are provided for institutions.
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Identity verification, employee screening, and due diligence platforms are provided.
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Open finance APIs and payment solutions are provided.
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Detailed competitors of Ayoconnect
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Latest news on Ayoconnect
Complete news archive for Ayoconnect
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Frequently Asked Questions about Ayoconnect
Ayoconnect was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Ayoconnect is headquartered in Jakarta, Indonesia. It is registered at Jakarta, Jakarta, Indonesia.
Jakob Rost is the current CEO of Ayoconnect. They have also founded this company.
Ayoconnect is a funded company, having raised a total of $46.5M across 7 funding rounds to date.
As of Apr 09, 2024, the latest employee count at Ayoconnect is 69.
Annual revenue of Ayoconnect is $635.97K as on Mar 31, 2021.
Ayoconnect is established as a prominent provider of payment and banking solutions in Indonesia. Comprehensive API solutions are offered to revolutionize financial services. Various sectors including digital payments and banking are served with innovative products. Solutions such as payment gateways, recurring payments, instant transfers, virtual cards, and digital products are provided to enhance business operations. The focus is placed on seamless integration and efficiency for businesses across Southeast Asia.
Ayoconnect's top competitors include Digiasia, M2P Fintech and AuthBridge.
Ayoconnect offers Payment Gateway, Recurring Payment, Instant Transfer, Virtual Cards, and Digital Products (PPOB).
Ayoconnect has 20 investors. Key investors include PayU, Prosus, Mandiri Capital Indonesia, Tiger Global, and AltoPartners.