Did you know that the vast majority of the Indonesian population still have to visit their bank branch to pay a bill and less than 5% have a credit card?
That may change thanks to Brankas.
Brankas has developed a mobile App for the Indonesian population to access their online banking from the top four banks in Indonesia as well as cryptocurrencies and alternative wallets.
If you live in Indonesia and want to transfer money to pay a bill, you’ll probably need to leave your house, deposit cash at a branch or ATM, email or text a photocopy of your funds transfer receipt to the seller and then the seller checks the deposit for clearance before delivering your product or service.
Thanks to Brankas, users can now:
- Pay instantly for online purchases, or send money to friends and family using only their mobile number.
- Link their existing bank accounts and alternative currency like bitcoin so they can view balances and recent transactions all in one place.
- Request payments even if their customer isn’t a Brankas user.
Brankas already have the four largest Indonesian banks onboard covering over 50% of the market.
In The News
Simon Dixon – CEO and Co-founder of BnkToTheFuture interviews Daniel Vogel, President and co-founder of Bitso discusses:
- The growth of Bitcoin in Mexico.
- The growth of Ether in Mexico.
- Bitcoin scaling.
- The effect of Donald Trump on the Mexican Peso and Bitcoin.
- Bitcoin regulations in Mexico and the chance of an ‘Indian style war on cash’ in Mexico.
Other BnkToTheFuture News
Your New Investor Profile & Portfolio Value:
Now that many of the companies that originally raised finance on BnkToTheFuture have produced large share price increases for our investors, we wanted to create a better way for you to track your portfolio value.
Please login to your account and take a look around to see how your investments have performed.
New Pitch – Bitcoin Romania:
Romania is predominantly a cash economy. The general distrust of the banking system and the growing interest in cryptocurrencies has generated the need for a credible and efficient Bitcoin service provider. Bitcoin Romania is the leading Bitcoin company in Romania. Qualifying investors can check out their pitch here.
Congratulations to Shapeshift:
Shapeshift closed their Series ‘A’ round of $10,400,000 netting our seed investors a 220% share price increase. Our allocation was fully subscribed in a matter of hours.
Congratulations to Wirex:
Bitcoin debit card provider – Wirex, closed their Series ‘A’ giving our seed investors almost 350% share price increase after securing investment from one of the largest banks in Japan.
New Case Study Video:
To keep track of the real world impact our portfolio companies are having on the future of finance, we continue our case study video series. Our latest case study features Bitso and the impact they are having with Bitcoin in Mexico. Check out the full video here.
The next phase of our development is focused on allowing companies to create accounts on BnkToTheFuture, invest direct from their company account and help FinTech companies build investor interest prior to going live on our platform. We will update you as these new features move through testing and go live on our platform in the coming months.
Over $165,000,000 Invested:
We have now passed $165m invested in funding rounds listed on our Online Investment Platform. We thank every investor who have contributed to an investment in the Future of Finance and Technology. More details can be found on our home page
We have now paid our BnkToTheFuture Professional Investor Members almost 670,000 dividends and over $2,500,000 has been returned through our dividend paying funds. Be sure to keep a look out for more dividend paying pitches coming soon only on BnkToTheFuture. More details can be found in our Year In Review video.
We are delighted to have over 37,500 (and counting) real active registered BF Professional Investor Members on our Online Investment Platform who are waiting for more Financial Innovation & Technology Investment opportunities to invest in. Click here to find an opportunity you may like.
More Financial Innovation & Technology:
If you are involved in Financial Innovation & Technology, then we would love to receive your application and explore if you can raise investment with us. 88% of companies that have listed on our Online Investment Platform so far have raised at least their minimum funding goal. You can see our live pitch statistics and success rates when you scroll down at the end of our home page. Once you have checked them out, make a quick application for finance here and we will follow up.