Ayoconnect FinTech
Founded 2016 Β· 115 employees on LinkedIn Β· 4 known investors
Indonesian payments and open finance API provider offering direct debit, disbursement, bill payment and virtual card services.
Also known as Ayoconnect
Founders & leadership
Ayoconnect FinTech was founded in 2016 by Chiragh Kirpalani.
Investors Β· 4
Company profile
researched Aug 2026Ayoconnect is an Indonesia-based payment systems and open finance provider that delivers financial infrastructure to companies and banks through APIs. Its product set spans recurring payments and direct debit collection from customers' bank accounts (recurring, one-off and variable amounts), digital products and bill payment (PPOB) covering more than 1,000 digital products across 24+ categories via a single API, white-label virtual card issuance for customers or employees, instant transfer and fast disbursement to single or multiple bank accounts, income verification using a person's bank account, phone number and National Identity Number (NIK), and subscription billing / recurring payment management.
The company positions its offering as full-stack open banking and payment services technology accessible through one API integration, with a developer-first approach emphasizing API libraries and developer documentation so that new financial products can be launched with minimal coding. Its site states it is licensed, registered and certified by, and a member of, industry and regulatory bodies, and that it is used by more than 200 businesses in Southeast Asia. Adjacent product integrations referenced on the company blog include bank partnerships and channels such as Danamon auto debit, BCA virtual accounts and BRI direct debit.
Business model
Ayoconnect supplies API-based payment and open finance infrastructure to enterprise and banking clients, which embed capabilities such as direct debit, disbursement, bill payment, virtual cards and income verification into their own products.
Traction
The company states more than 200 businesses in Southeast Asia use its services, and that it integrates over 1,000 digital products and bill payment categories.
Latest developments
In September 2025 the company published news of new funding intended to accelerate its path to profitability, and in February 2026 published a post on targeting 2026 profitability following an audit. Earlier 2025 posts describe a partnership with Bank Danamon to strengthen Indonesia's digital payment ecosystem via auto debit, the addition of BCA virtual accounts, and BRI direct debit availability.
βΈFull profile β market position, technology, go-to-market, geography
Market position
Presents itself as a leading payment system provider in Indonesia offering integrated financial solutions to corporates and banks.
Technology
Full-stack open banking and payment services APIs exposed through a single integration, supported by API libraries and developer documentation; capabilities include bank-account-based direct debit, instant and bulk transfers, virtual card issuance, and real-time income verification using bank account, phone number and NIK.
Go-to-market
Direct enterprise sales ("Contact Sales" inquiry flow with company-size qualification) combined with developer-led adoption via public API documentation, plus distribution partnerships with Indonesian banks.
Enterprises and banks in Indonesia and the wider Southeast Asian market, including multifinance and consumer lending firms (for example Home Credit Indonesia is cited as a recurring payment user).
Geography
Indonesia-focused, with the company stating it serves more than 200 businesses across Southeast Asia.
Compiled by commissioned research from 3 cited public sources β announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed β not independently audited.
Timeline Β· 6
launches, deals, and filingsCompany news post stating Ayoconnect is eyeing profitability in 2026 following an audit.
Company blog post reporting that Ayoconnect secured new funding to accelerate its path to profitability; amount and investors not stated.
Ayoconnect and Danamon announced cooperation to strengthen Indonesia's digital payment ecosystem through auto debit.
Ayoconnect announced availability of BCA virtual accounts on its platform.
Company post describing use of BRI Direct Debit through Ayoconnect.
Company post on optimizing recurring payments for Home Credit Indonesia, a multifinance business in Indonesia.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
βΈResearch sources Β· 3
primary sources listed
- Ayoconnect FinTechayoconnect.com Β· web
3 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Ayoconnect FinTech do?
- Indonesian payments and open finance API provider offering direct debit, disbursement, bill payment and virtual card services.
- Who founded Ayoconnect FinTech?
- Ayoconnect FinTech was founded by Chiragh Kirpalani in 2016.
- Who are Ayoconnect FinTech's investors?
- Ayoconnect FinTech's investors include Colopl Next, Finch Capital, Mandiri Capital Indonesia, peercheque.