Profitability is the main dipstick test for new businesses. And Bank Jago, an Indonesian digital bank launched just seven months ago, claims it’ll be profitable by year end year end DealStreetAsia It's a blessing to be in the GoTo ecosystem, says Bank Jago's Siregar Read more .

Investors seem to have gotten wind of this. Last month, US-based Ribbit Capital bought a minority stake in the company. Fintech investor Ribbit has backed global digital banks—Russia’s Rinkoff, UK’s Revolut and Brazil’s Nubank—and investment app Ajaib investment app Ajaib The Ken Ajaib, Pluang, or Bareksa—Who is Indonesia’s Robinhood?


Yunindita Prasidya

Based in Indonesia, Dita is passionate about tracking the country’s growing digital economy. Her coverage is sector-agnostic—she has written about e-commerce, edtech, fintech, venture capital, and publicly-listed companies, as well as stories on careers and workplaces. She was previously a business journalist covering banking and the stock market at The Jakarta Post, Indonesia’s leading English daily.

View Full Profile

Enter your email address to read this story

To read this, you’ll need to register for a free account which will also give you access to our stories and newsletters

Or use your email ID