OY!

OY! Indonesia (PT Dompet Harapan Bangsa) operates as a financial technology company in Indonesia, focusing on streamlining money movement for businesses of all sizes. Founded in 2017 by Jesayas Ferdinandus, Hilfi Alkaff, and Jan Kristanto, the firm initially launched as a chat application in September 2017 before evolving into a payment-focused platform. The founders brought diverse and relevant experience; Jesayas Ferdinandus, the CEO, previously held a key role as Vice President of Go-Food at Gojek and worked at aCommerce and Accenture, while Co-founder Hilfi Alkaff has a background that includes roles at Quora and Sift.

The company's primary business involves providing an integrated payment infrastructure that handles both digital and cash transactions. Its business model is centered on offering a suite of financial solutions through a single dashboard, targeting a client base ranging from MSMEs to large corporations and government stakeholders. OY! generates revenue by facilitating these financial transactions, including services for sending money, receiving payments, and managing cash flow and expenses.

The product portfolio is comprehensive, designed to function as an all-in-one payment aggregator. Key services include 'Send Money,' which facilitates bulk disbursements and automated fund transfers to over 100 banks, and 'Receive Money,' which allows businesses to accept payments via virtual accounts and shareable payment links. The platform also offers solutions for cash management, including a cash deposit machine network, and expense management to monitor corporate spending. A significant milestone was achieved in 2021 when OY! Indonesia secured a US$30 million Series A funding round led by SoftBank Ventures Asia, which contributed to its valuation surpassing US$100 million and attaining 'Centaur' status. The firm is licensed and supervised by Bank Indonesia and the Financial Services Authority (OJK) and holds several ISO certifications, ensuring compliance and security.

Keywords: payment aggregator, financial technology, money movement, B2B payments, fund transfer, payment gateway, cash management, disbursement solution, virtual account, payment link, bulk payment, expense management, Indonesian fintech, OY! Bisnis, Jesayas Ferdinandus, SoftBank Ventures Asia, MDI Ventures, Centaur startup, OJK licensed, Bank Indonesia licensed