OY! Indonesia

Based in Indonesia, PT Dompet Harapan Bangsa operates under the brand OY! Indonesia, providing integrated financial solutions for money transfer and expense management, aimed at enhancing financial transactions for both businesses and individuals. Founded in 2017 and headquartered in Jakarta, Indonesia, PT Dompet Harapan Bangsa focuses on creating a seamless payment experience through its financial services. The company has completed two deals, with its most recent funding round being a Series A that took place on July 9, 2021, where it raised USD 44.

47 mn, co-led by Softbank Ventures Asia and MDI Ventures, among other investors. The founders include Hilfi Alkaff, Jan Kristanto, and CEO Jesayas Ferdinandus. PT. Dompet Harapan Bangsa, through OY!

Indonesia, specializes in integrated financial solutions encompassing money transfer, expense management, and cash management services. Its offerings include a business application that streamlines payment processes for both businesses and individual users, facilitating peer-to-peer transactions and robust cash management tools. OY! Indonesia primarily targets small to medium-sized enterprises (SMEs), retailers, and individual users across Indonesia, providing a secure platform for efficient financial transactions.

OY! Indonesia generates revenue from transaction fees associated with its payment services and potential partnership agreements with businesses utilizing its solutions. Clients engage with the platform through direct-to-consumer and business-to-business transactions, incurring fees for services like money transfers and expense management solutions. While specific pricing plans are not disclosed, the transaction structure includes fees payable at the point of service, establishing a steady revenue stream aligned with user activity on the platform.

Following its most recent Series A funding round in July 2021, PT Dompet Harapan Bangsa plans to enhance its product offerings and expand into new markets. The company is focused on launching new products aimed at improving user experience in financial transactions and is exploring opportunities to enter additional Southeast Asian markets by late 2023. The USD 44. 47 mn raised will support these initiatives, allowing the company to invest in product development and market expansion strategies.