Ayoconnect is a billing network software that connects consumer platforms, financial institutions , and bill providers in one place.

Ayoconnect's mission is to organize the entire Indonesian Biller Ecosystem into one Central Network that is accessible by Billers, Telcos, Banks, Financial Institutions and Consumer Facing Platforms.

Ayoconnect was founded in 2016 by Jakob Rost and Chiragh Kirpalani. The company is headquartered in Central Jakarta, DKI Jakarta, Indonesia.


Ayoconnect’s embedded finance platform helps companies launch financial products using APIs. Its Banking-as-a-Service APIs include account opening, disbursement, credit, investment, savings and other capabilities.


Ayoconnect's data offering pulls banking data, such as account validation, account balance, transactions and liabilities and provides data on those who are unbanked and underbanked through bill payments, eWallet, location, phone, eCommerce, payroll and other alternative data, with new use-case APIs added regularly.


Ayoconnect has more than 200 application programming interface (API) customers and 4,000 embedded finance products. Ayoconnect is trusted by more than 100+ Indonesian companies, including Bank BRI, Bank Mandiri, DANA, Indomaret, Bukalapak, Home Credit, Pegadaian.


Ayoconnect is backed by Tiger Global, PayU, Alto Partners, Finch Capital, BRI Ventures, Kakaku, Brama One Ventures, Amand Ventures, Strive, and others. The company raised $15M in Series B round on Jan 31, 2022. This brings Ayoconnect's total funding to $35M to date.



  • Year founded: 2016
  • Funding Info: $35M over 5 Rounds (Latest Funding Type: Series B)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: Central Jakarta
  • State: DKI Jakarta
  • Country: Indonesia
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