OY! Indonesia, a provider of financial infrastructure for online payments and offline/cash payments, has raised US$30 million in a Series A funding round led by SoftBank Ventures Asia (SBVA). Other investors include MDI, Pavilion Capital, AC Venture, CCV, Wavemaker, PT SAT, Saison Capital, and Orion Advisors (DST Founders).

Established in 2018, the Jakarta-based fintech firm has grown rapidly by enabling businesses of all scales to send and receive money both digitally (cashless) and offline (cash).

Chief executive officer Jesayas Ferdinandus says: “We are currently enjoying tremendous growth with a total valuation of more than US$100 million or equivalent to 1.4 trillion rupiahs, thus placing OY! Indonesia as a startup that has successfully earned the title of centaur.

“We believe that this growth must be guided by the commitment to realize the vision of OY! Indonesia as the best and the most comprehensive money movement aggregator infrastructure provider in Indonesia.”

OY! Indonesia serves as an integrated connector between various financial institutions and individual consumers, as well as businesses through the provision of financial products that boost efficiency in financial transactions.  With now about one million active users, the firm says it will continue to expand and strengthen its services to provide clients with an easier, safer, and more comfortable transaction experience.