Ayoconnect secures new funding to accelerate path to profitability

Jakarta, 25 September 2025 – Ayoconnect has closed a new funding round led by long-term partner Finch Capital, reaffirming investor confidence in the company’s disciplined growth and clear path to profitability.

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The financing strengthens Ayoconnect’s position as Indonesia’s leading financial technology enabler. With a lean cost structure and strong revenue base, the company is on track to reach breakeven in the coming quarters, fully in line with its approved budget.

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The round attracted strong interest, including multiple competing term sheets from existing shareholders. Finch Capital led the process and welcomed additional participation from ION Pacific. Finch Capital has been supporting Ayoconnect since 2017.

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Chiragh Kirpalani, CEO of Ayoconnect, said:

“From day one, our focus has been on building a sustainable business with profitability in sight. This funding gives us the final push to get there. We remain committed to the highest standards of transparency and governance, and we welcome any process that strengthens investor trust.”

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One shareholder has engaged a third party to conduct a due diligence audit review before participating. Ayoconnect has fully supported this process, providing open access to financials and operations, consistent with its long-standing commitment to integrity and strong governance.

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Radboud Vlaar, Partner at Finch Capital and Board Member of Ayoconnect, said:

“We believe in Ayoconnect’s management and their ability to execute on a clear path to profitability. Investor interest has been strong, and we are proud to continue supporting the company in this next chapter, just as we did in 2017.”

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With this round, Ayoconnect is well-positioned to achieve profitability, expand its partnerships with Indonesia’s largest enterprises, and strengthen its role as a trusted, licensed financial technology provider. Further updates on key hires and commercial momentum will be announced in the coming weeks.

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More details regarding the audit can be viewed here

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