This Indonesian Fintech Startup Makes the List of the World's Largest Funded Fintech Companies

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Cindy Mutia Annur 10/11/2023 18:24 WIB

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Amartha is among the top 9 globally best-funded fintech startups in Q3 2023, according to the latest CB Insights report.

9 Globally Largest Funded Fintech Startups (Q3 2023)

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9 Globally Largest Funded Fintech Startups (Q3 2023)

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Amartha has been listed among the nine fintech startups with the largest global funding in Q3 2023, according to the latest CB Insight report. This Indonesian online lending (pinjol) fintech startup ranked fourth globally, securing US$206 million in funding, equivalent to Rp3.23 trillion (assuming an exchange rate of Rp15,695/US$).

Amartha's total funding accounted for 2.8% of the total global fintech startup funding in Q3 2023. Total global fintech startup funding in the last quarter reached US$7.4 billion, or approximately Rp116.14 trillion.

CB Insight reported that Amartha secured an undisclosed funding round on September 13, 2023. The International Finance Corporation Indonesia was the investor involved.

Meanwhile, the largest global fintech startup funding in Q3 2023 went to Micro Connect, with a value of US$458 million. This Hong Kong-based startup secured Series C funding from undisclosed investors in August 2023.

Ramp (United States) and Perfios (India) followed in second and third place, with funding of US$300 million and US$229 million respectively.

Overall, the United States dominated the number of global fintech startups on the list of largest funding recipients last quarter. Amartha is the only Indonesian fintech startup included in the list.

Here is the list of the 9 fintech startups with the largest global funding in Q3 2023:

1. Micro Connect (Hong Kong): US$458 million
2. Ramp (United States): US$300 million
3. Perfios (India): US$229 million
4. Amartha (Indonesia): US$206 million
5. Fleximize (United Kingdom): US$168 million
6. AlphaSense (United States): US$150 million
7. PayJoy (United States): US$150 million
8. Veritas Finance (India): US$146 million
9. Teamshares (United States): US$124 million

Editor : Padjar Iswara

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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