Ayopop Mobile Payment Service Developer Get USD$1 Million Seed Funding

Payment platform developer startup Come on pop announced today that it has received seed funding USD$1 million (Rp13.3 billion) from investors led by GREE Ventures. The ranks of these investors include entrepreneur series Sandep Tandon. This investment will be focused on expanding Ayopop's technological capabilities. In addition, it will also be used for market share expansion, including establishing partnerships with businesses E-commerce, traditional market players and financial services companies.

Nila Kapur from GREE Ventures revealed that his party strongly believes that services payment sort of Come on pop will play an important role in the landscape fintech Indonesia over the next few years, considering that many problems in this sector are still unresolved. Another consideration is related to the Ayopop team's vision, combined with experience in the field and the ability to integrate technology for commercial needs, making investors more confident in making these investments.

As previously known, the Ayopop platform provides a payment system for consumers in Indonesia. By downloading the Ayopop application on the iOS and Android platforms, users can make various payments such as electricity, water, internet bills to prepaid credit.

There are two names in the Ayopop Co-founder line that have a lot of influence on business acceleration. First there is Jakob Rost, previously he worked at Lazada Indonesia as Managing Director for three years, he is known as an expert in the financial field. Then there is also Chiragh Kirpalani who dedicated himself as a product development team, previously he worked as Product Head at Times Internet.

At the end of 2015 the two decided to walk together to build the Ayopop business in Indonesia.

"We see this (funding) as validation for our concept," said Jakob.

Jakob continued, "Most Indonesians are still paying their bills offline. This behavior is eventually shifting online and we therefore offer huge potential for companies like ours. And this is just the beginning. A complete focus on digital payments allowed us to move quickly while offers unique value propositions like instant 24 hour in-app customer support and more live."

Currently, the Ayopop team in Indonesia has 30 staff members. Currently, his party admits that they are continuing to mature the product team and study user behavior in Indonesia. Including is currently developing a special algorithm to address this need.

"There's a lot to build on here and we're actively moving on in the space fintech (in Indonesia)," Chiragh continued.