Customise Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorised as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyse the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customised advertisements based on the pages you visited previously and to analyse the effectiveness of the ad campaigns.

No cookies to display.

Search
Close this search box.

PayMate Expands its Footprint with $400 Million DigiAsia Partnership in Indonesia

PayMate Expands its Footprint

DigiAsia Bios, a Fintech-as-a-Service company in Indonesia, has been acquired by PayMate pursuant to a binding term contract. PayMate has announced its intention to invest a maximum of $25 million in cash. The aggregate financing structure and other terms have not yet been finalized.

The combined company intends to conduct a public listing in India next year, provided that the transaction is finalized.

Read: Top 10 Strategies for Effective Fintech Branding

PayMate, which has secured investments from Visa and Lightbox, assists businesses in the digitization and simplification of B2B payment processes. This encompasses accounts payable and receivable, invoice discounting, and embedded finance.

The company reported that it served over 522,000 clients worldwide and processed $10.5 billion in transactions during the entire year of 2024.

Read: Top 10 Neobank Companies of the Fintech World

Read: Fintech Marketing: Top 10 Power Strategies to Accelerate Growth

Thanks for reading!

To share your insights with the FinTech Newsroom, please write to us at news@intentamplify.com

Share With
Contact Us