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Fintech

Superbank Secures $73.2M Funding Boost: A Digital Banking Revolution in Indonesia

Nicole Kristine Jovero
Last updated: July 12, 2024 2:05 am
Nicole Kristine Jovero
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2 Min Read
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  • Superbank secures $73.2M from tech giants.
  • The Indonesian digital bank offers innovative savings features.
  • Grab partnership enables seamless account opening, targeting unbanked population.

Contents
Grab your wallets, Indonesia!Saving made super simpleBanking without borders

Grab your wallets, Indonesia!

Superbank, formerly known as Bank Fama, has just scored a whopping $73.2 million in funding from tech giants Grab, Singtel, and Kakaobank.

This digital banking powerhouse is on a mission to revolutionize financial services for Indonesia’s unbanked population.

The investment comes hot on the heels of Grab’s recent $109 million injection into Singapore’s GXS Bank, signaling a major push into the digital banking sector.

Saving made super simple

Superbank isn’t your average piggy bank. Their innovative features like “Saku” and “Celengan” are redefining how Indonesians save money.

Saku lets users create separate accounts for specific financial goals, whether it’s splurging on dining out or saving for a dream vacation.

Celengan takes the hassle out of saving by automatically squirreling away spare change or fixed amounts daily.

Banking without borders

Thanks to the Grab partnership, Superbank users can now open savings accounts directly through the Grab app, enjoying a tempting 6% interest rate.

This seamless integration brings banking services to millions of Grab users and partners. The fresh funding will fuel Superbank’s product innovation efforts, aiming to entice more unbanked customers into the world of digital finance.

Get ready, Indonesia – the future of banking is here, and it’s super!

TAGGED:div5

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