Indonesian fintech startup Pebble raises $6.2 million

Indonesian fintech startup Pebble raises $6.2 million
Photo by PiggyBank / Unsplash

Pebble, an Indonesia-based fintech startup has raised $6.2 million in its new funding round to expand across Southeast Asia.

  • Pebble offers app-based services that allow users to save, spend and send money using their digital wallets.
  • The startup offers a 5% annual percentage yield and 5% cashback to users from its merchant partners including Amazon, Airbnb, and Adidas among others.
  • Its financial reward system is based on converting user deposits to US dollars and lending to financial institutions.
  • Y Combinator, East Ventures, LightShed Ventures, Soma Capital, Cadenza Capital, Eniac Ventures, and Global Founders Capital participated in the round.