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). The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series B — $2.5M
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First Round
First Round
(04 Apr 2017)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2024 | Amount | Series B - Ayoconnect | Valuation | Mandiri Capital Indonesia |
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| Oct, 2022 | Amount | Series B - Ayoconnect | Valuation | SIG Venture Capital | |
| Jan, 2022 | Amount | Series B - Ayoconnect | Valuation | Tiger Global Management |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Incubator and venture capital backed by Bank Mandiri
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Venture capital firm investing in multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ayoconnect
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Ayoconnect
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ayoconnect Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Banking, lending, and payment solutions are provided via custom APIs.
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| domain | founded_year | HQ Location |
Financial technology solutions for payments, lending, and remittances are offered.
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| domain | founded_year | HQ Location |
Cloud-based AML and banking API solutions are provided for institutions.
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| domain | founded_year | HQ Location |
Identity verification, employee screening, and due diligence platforms are provided.
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| domain | founded_year | HQ Location |
Open finance APIs and payment solutions are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ayoconnect
Frequently Asked Questions about Ayoconnect
When was Ayoconnect founded?
Ayoconnect was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Ayoconnect located?
Ayoconnect is headquartered in Jakarta, Indonesia. It is registered at Jakarta, Jakarta, Indonesia.
Who is the current CEO of Ayoconnect?
Jakob Rost is the current CEO of Ayoconnect. They have also founded this company.
Is Ayoconnect a funded company?
Ayoconnect is a funded company, having raised a total of $46.5M across 7 funding rounds to date. The company's 1st funding round was a Series B of $15M, raised on Apr 04, 2017.
How many employees does Ayoconnect have?
As of Apr 09, 2024, the latest employee count at Ayoconnect is 69.
What is the annual revenue of Ayoconnect?
Annual revenue of Ayoconnect is $635.97K as on Mar 31, 2021.
What does Ayoconnect do?
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.
Who are the top competitors of Ayoconnect?
Ayoconnect's top competitors include Digiasia, M2P Fintech and AuthBridge.
What products or services does Ayoconnect offer?
Ayoconnect offers Payment Gateway, Recurring Payment, Instant Transfer, Virtual Cards, and Digital Products (PPOB).
Who are Ayoconnect's investors?
Ayoconnect has 20 investors. Key investors include PayU, Prosus, Mandiri Capital Indonesia, Tiger Global, and AltoPartners.