The fintech sector has grown exponentially in Indonesia as it could fill the financial gap for millions of people. However, other issues appeared as some people were trapped by illegal fintech lending and lack of financial literacy, making it difficult to manage their wealth and cash flow.
Kini, an Indonesian on-demand payroll provider, raised US$ 4.3 million in seed funding led by East Ventures
Kini, an Indonesian on-demand payroll provider, raised US$ 4.3 million of seed funding led by East Ventures, with participation from other investors. Kini will allocate the fresh funds to continue building out its HR-Fintech product suite, and invest in expanding enterprise partnerships and HR tech providers to power their HR-fintech solutions through a single API.