Ayoconnect Eyes 2026 Profitability Post-Audit

One of the shareholders had initiated an audit of Ayoconnect, utilizing a third-party auditor who concluded the work in December 2025. Following the completion of this audit, the Shareholder informed Ayoconnect that the audit was closed and provided five specific recommendations aimed at enhancing governance professionalism.

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“The Board welcomes the recommendations and has already begun implementation of the early findings in Q4. All five recommendations are on track to be fully implemented within Q1 2026. We greatly appreciate the continued support from other shareholders and the practical nature of the audit recommendations, which will undoubtedly help Ayoconnect accelerate,” commented Radboud, Board Member of Ayoconnect and Partner at Finch Capital.

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The 6-month audit concluded with actionable recommendations. Ayoconnect's CEO, Chiragh Kirpalani, welcomed the findings, stating: “We always welcome any recommendations coming from Shareholders or Regulators that can help Ayoconnect transition from a startup phase to a mature company. We thank one of our shareholders for hiring the best in the industry to conduct this audit and provide recommendations for improvement. Our commitment has always been to transparency, supporting performance, prioritizing employee well-being, and providing value to our clients.”

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Despite a challenging 2025, Ayoconnect has maintained great operational discipline, including necessary headcount adjustments, and successfully grown the business. The Company's local entity, PT Ayopop Teknologi Indonesia, which holds the Bank Indonesia Payments license, has been profitable for over six months, and Ayoconnect is on track to achieve consolidated profitability within the first half of 2026. Additionally

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Ayoconnect raised fresh funds in 2025, allowing it to strengthen its balance sheet and accelerate achieving key milestones. In 2025, the Company achieved a 62% reduction in net loss, a 21% increase in Gross Profits, and a continued improvement in the Gross Profit Margin. This positive performance was supported by the onboarding of several large clients, including insurance companies, multi-finance firms, and regional banks, all utilizing Ayoconnect's payment gateway and bill payment capabilities. The expenditure adjustments that contributed to this improvement were confirmed by Kirpalani to be the result of reductions in Tools Expenses and other operational areas, not solely headcount cuts.

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Our focus for 2026 will be to reach profitability, continuously improve our governance and efficiency and accelerate our organic growth. Mandiri Capital Indonesia, BRIVentures, the Board, and the CEO along with other shareholders are united in their confidence that this move will positively position Ayoconnect for its next phase of growth in the coming years. They believe it will establish Ayoconnect as a stable, reliable partner and contribute significantly to strengthening Indonesia's payments landscape.

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For any question or further inquiry please contact: chiragh@ayoconnect.id

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