About Ayoconnect
Ayoconnect is a Financial Services company based in Jakarta (Indonesia) founded in 2016 by Jakob Rost and Chiragh Kirpalani. Open banking API solutions are provided for payment processing. It operates on a API-as-a-Product, Subscription Services, and FinTech model. Ayoconnect has raised $46.5 million across 7 funding rounds from investors including PayU, Prosus and Mandiri Capital Indonesia. The company has 69 employees. Its chief executive, as recorded, is Jakob Rost. Its website ayoconnect.com draws about 22 thousand monthly visits. Its Indian entity Ayopop Technology India Private Limited reported revenue of ₹1.43 Cr. Ayoconnect offers products and services including Payment Gateway, Recurring Payment, Instant Transfer, Virtual Cards, and Digital Products (PPOB). Its focus areas include Payment Processing and Digital Payments. Its competitors include Digiasia, Brick and Mitra Jasa Lima; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Jakarta, Indonesia
- Employees 69
- Founders Jakob Rost, Chiragh Kirpalani
- SectorsFinancial Services
- Email••••••••
- Website ayoconnect.com
- Social LinkedIn X Instagram YouTube
- Legal Name Ayopop Technology India Private Limited
- Date of Incorporation 22 Jan, 2018
- Jurisdiction Karadi Pune, Maharashtra, India
- Indian entity revenue₹1.43 Cr
FY 2025 · -92% YoY
- Indian entity net loss-₹2.60 Cr
FY 2025 · -182% margin
- Indian entity EBITDA₹27.6 Lakh
FY 2025 · 19% margin
- Total Equity Funding$46.5M (USD)
in 7 rounds
- Latest Funding Round$2.5M (USD), Series B
Jan 2024
- InvestorsPayU
& 19 more
- Employee Count69
Associated legal entities of Ayoconnect
Ayoconnect operates through Ayopop Technology India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ayopop Technology India Private Limited CIN U72900PN2018FTC174515 | Active | 22 Jan 2018 | Pune, Maharashtra | ₹1.4 Cr | 69 | 2 | View details |
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.
Apps and channels of Ayoconnect
its YouTube channel Ayoconnect has 70 subscribers and 4 videos.
Videos from Ayoconnect
The most watched videos on Ayoconnect's YouTube channel, Ayoconnect (70 subscribers). Click a video to play it here.
More on Ayoconnect.
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 $46.5M
- Total Rounds 7
- Last Round Series B — $2.5M
- First Round $1M
(Apr 2017)
- Investors Count 20
All 7 funding rounds of Ayoconnect with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2024 | $2.5M | Series B | – | Mandiri Capital Indonesia | – |
| Oct 2022 | $13M | Series B | – | SIG Venture Capital | |
| Jan 2022 | $15M | Series B | – | Tiger Global Management | |
| Sep 2021 | $10M | Series A | – | – | |
| Aug 2020 | $5M | Series A | – | – | |
| Nov 2017 | Series A | – | Finch Capital | – | |
| Apr 2017 | $1M | Seed | – | GREE Ventures | – |
20 investors in total: 15 institutional and 5 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Incubator and venture capital backed by Bank Mandiri | mandiri-capital.co.id | Jakarta, Indonesia | ||
Venture and private equity investments are managed with global diversification. | tigerglobal.com | New York, United States | ||
Venture capital firm investing in multiple sectors | patamar.com | Bengaluru, India | ||
Corporate-backed venture capital fund focused on multiple sectors | briventures.id | Jakarta, Indonesia | ||
Brama One Ventures is engaged in startup investment activities. | 2019 | brama-one.com | Surabaya, Indonesia | |
Early-stage tech and offline focused VC firm investing in geographies such as Europe and South East Asia | finchcapital.com | Amsterdam, Netherlands | ||
Early-stage investments are directed toward digital industry startups. | amand.ventures | Singapore, Singapore | ||
Tech-enabled businesses across Southeast Asia are supported by ACV Capital. | acv.vc | Jakarta, Indonesia | ||
Venture capital support is provided to seed and early-stage startups. | strive.vc | Minato City, Japan | ||
Venture capital investments are provided to startups by GREE Ventures. | gree.vc |
Investor details for Ayoconnect
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Board of directors of Ayopop Technology India Private Limited (Ayoconnect)
Ayopop Technology India Private Limited is the primary company behind Ayoconnect. The board of Ayopop Technology India Private Limited currently have 2 directors; the longest-serving is Aditya Bimal Vora, appointed in 2021. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Aditya Bimal Vora DIN 05277124 | Director | 01 Mar 2021 | 5 yrs 8 mo | Ayopop Technology India Private Limited |
| Rishabh Jain DIN 08881978 | Director | 15 Sep 2024 | 2 yrs 1 mo | Ayopop Technology India Private Limited |
People of Ayoconnect
2 people are tracked at Ayoconnect (2 in leadership); the tracked headcount is 69.
| Name | Role | Group |
|---|---|---|
Jakob Rost | Co-Founder & CEO | Leadership |
Chiragh Kirpalani | Co-Founder & COO | Leadership |
Complete people profiles for Ayoconnect
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Financials of Ayoconnect
Figures of Ayopop Technology India Private Limited, the primary company behind Ayoconnect, for FY 2025. Revenue was ₹1.43 Cr (-92% year on year). Net loss was -₹2.60 Cr (-182% margin). EBITDA was ₹27.6 Lakh (19% margin). Revenue has grown at a compounded annual rate of -50% over three years and -19% over five years.
- ₹1.43 CrRevenue · FY 2025 · -92% YoY
- -₹2.60 CrNet loss · -182% margin
- ₹27.6 LakhEBITDA · 19% margin
- ₹5 LakhPaid-up capital
- 69Employees (provident fund records)
- -50%Revenue CAGR, 3 years
- -19%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ayopop Technology India Private Limited are on its company page.
Detailed financial statements for Ayoconnect
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Ayoconnect
3 dated milestones of Ayoconnect across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Ayoconnect is founded.
- Funding First funding round of $1.0M.
- Funding Latest funding round, Series B, of $2.5M.
Competitors of Ayoconnect
Ayoconnect has 3 listed competitors in our database, 2 of them funded. They include Digiasia, Brick and Mitra Jasa Lima.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| digiasia.asia | 2017 | Jakarta, Indonesia | $7M | Financial technology solutions for payments, lending, and remittances are offered. | ||
| onebrick.io | 2020 | Jakarta, Indonesia | $8.5M | Open finance APIs and payment solutions are provided. | ||
| mitrajasalima.id | 2017 | Jakarta, Indonesia | Provides open banking API solutions for financial institutions. |
Detailed competitors of Ayoconnect
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Web traffic of Ayoconnect
The website of Ayoconnect (ayoconnect.com) receives about 21.6K visits a month.
- Monthly visits21.6K
Websites whose visitors overlap most with Ayoconnect. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| onebrick.io | 100% | 39.2K | #898,187 | View details | |
mitracomm.com | mitracomm.com | 76% | #788,903 | – | |
aspi-indonesia.or.id | aspi-indonesia.or.id | 60% | #495,522 | – | |
| bni.co.id | 60% | 3.8M | #12,412 | View details | |
bank.codes | bank.codes | 60% | #130,561 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 7 similar websites and full traffic analytics for Ayoconnect
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Related news about 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 CEO of Ayoconnect, as recorded in our data. They have also founded this 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 Seed of $1M, raised on Apr 2017.
Ayoconnect has 69 employees.
The primary company behind Ayoconnect, Ayopop Technology India Private Limited, reported revenue of ₹1.43 Cr for FY 2025, down 92% year on year.
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, Brick and Mitra Jasa Lima.
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.
Ayoconnect operates through Ayopop Technology India Private Limited.
The legal entities of Ayoconnect currently have 2 directors, including Rishabh Jain, Aditya Bimal Vora.