When was Ayoconnect founded?

Ayoconnect was founded in 2016 and raised its 1st funding round 1 year after it was founded.

Where is Ayoconnect located?

Ayoconnect is headquartered in Jakarta, Indonesia.

How many employees does Ayoconnect have?

As of May 31, 2026, the latest employee count at Ayoconnect is 115.

Is Ayoconnect a funded company?

Ayoconnect is a funded company, having raised a total of $46.5M across 7 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Apr 04, 2017.

When was the latest funding round of Ayoconnect?

Ayoconnect's latest funding was a $***** Series B round on Jan 22, 2024, with participation from 1 investor.

Where does Ayoconnect rank among its competitors?

Ayoconnect ranks 3rd amongst 7 active competitors, of which 4 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was M2P Fintech, which secured $3.52M in Jun, 2025.

Who are the top competitors of Ayoconnect?

Ayoconnect's top competitors include M2P Fintech, Digiasia and Brick. Among them, M2P Fintech secured the most recent funding round in June, 2025.

Ayoconnect - 2026 Company Profile, Team, Funding & Competitors

Ayoconnect is a series B company based in Jakarta (Indonesia), founded in 2016 by Tommy Yuwono. It operates as a Platform providing open banking API solutions. Ayoconnect has raised $46.5M in funding from investors like Tiger Global Management, Mandiri Capital Indonesia and Finch Capital. The company has 7 active competitors, including 4 funded and 1 that has exited. Its top competitors include companies like M2P Fintech, Digiasia and Brick.

Company Details

Platform providing open banking API solutions. Customized APIs offer solutions to direct debit by collecting recurring and one-off payments directly from customer bank accounts, recurring payment management for revenue operation with subscription billing solutions, virtual card numbers, and more.

Website: www.ayoconnect.com/
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Email ID: *****@ayoconnect.id
Part Of

Key Metrics

Founded Year

2016

Location

Jakarta, Indonesia

Stage

Series B

Total Funding

$46.5M in 7 rounds

Latest Funding Round

Series B, Jan 22, 2024, $*****

Investors

Tiger Global Management & 23 more

Ranked

3^rd among 7 active competitors

Employee Count

115 as on May 31, 2026

Similar Companies

Razorpay & 639 more

View Ayoconnect's full profile

Ayoconnect has raised a total funding of $46.5M over 7 rounds. Its first funding round was on Apr 04, 2017. Its latest funding round was a Series B round on Jan 22, 2024 for $*****. 1 investor participated in its latest round. Ayoconnect has 19 institutional investors and 5 angel investors.

Here is the list of recent funding rounds of Ayoconnect:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 22, 2024	3823141	Series B	2498258	9827956	1267757	9403733
Oct 13, 2022	3200919	Series B	1920342	2368658	7102943	CE Innovation Capital & 2 more
Jan 31, 2022	8575374	Series B	6615063	4941835	Tiger Global Management	PayU & 3 more

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View details of Ayoconnect's funding rounds and investors

The founders of Ayoconnect is Tommy Yuwono.

Here are the details of Ayoconnect's key team members:

Tommy Yuwono: Co-Founder & CDO of Ayoconnect and founder of 2 other companies, Milestone Interactive Digital Magazine and Pintek.

View details of Ayoconnect's Founder profiles and Board Members

Ayoconnect's employee count trend

Ayoconnect has 115 employees as of May 26. Here is Ayoconnect's employee count trend over the years:

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Top competitors of Ayoconnect include M2P Fintech, Digiasia and Brick. Here is the list of Top 10 competitors of Ayoconnect, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	M2P Fintech 2014, Chennai (India), Series D	Provider of APIs enabling banking, lending, and payment financial services	$188M	8i Ventures, Beenext & 63 others	74/100
2nd	Digiasia 2017, Jakarta (Indonesia), Public	Financial technology and digitization solutions	$7M	Mastercard, Nexus Venture Partners & 2 others	65/100
3rd	Ayoconnect 2016, Jakarta (Indonesia), Series B	Platform providing open banking API solutions	$46.5M	Tiger Global Management, CE Innovation Capital ... & 22 others	61/100
4th	Brick 2020, Jakarta (Indonesia), Seed	It provides open finance APIs and payment solutions	$8.5M	Flourish, PT Prasetia Dwidharma & 16 others	49/100
5th	Prime Trust 2004, Las Vegas (United States), Series B	AML and banking API management solutions	$171M	Mercato Partners, Akkadian Ventures & 25 others	49/100
6th	NanoBNK 2017, Quatre Bornes (Mauritius), Unfunded	Open banking solution to build digital bank	-	-	26/100
7th	Qplatform 2015, Moscow (Russia), Deadpooled	Open banking API solutions	-	SBI Ven Capital	20/100
8th	Syariah Fintech 2019, Jakarta (Indonesia), Deadpooled	Open banking software	-	-	19/100
9th	Cring 2022, Tangerang (Indonesia), Unfunded	Provider of integrated banking API and payment facilitation services	-	-	16/100
10th	Mitra Jasa Lima 2017, Jakarta (Indonesia), Deadpooled	Open banking API solutions	-	-	15/100