Indonesia-based HR tech company VENTENY today announced that it has acquired 30 per cent of shares in PT Digitalisasi Perangkat Indonesia (DPI), a fintech holding company providing integrated digital banking services which includes rural digitalisation, financing, e-money, and e-remittance.
In a press statement, the company said that the acquisition is a way for VENTENY to acquire DPI’s e-money license, which it has secured for its Dipay platform.
The integration of Dipay into the VENTENY ecosystem will allow users to pay bills, top-up credits, and send remittances. It is also expected to increase the level of security in the ecosystem.
In the future, VENTENY also wants to introduce new features, such as enabling users to pay employee salaries using the e-money feature.
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“Through this corporate action, VENTENY aims to optimise the integration of digital payment technology to help users perform transactions. In addition to giving added value for users, the e-money integration will enable a more practical and efficient payment experience through the VENTENY Employee Super App,” said VENTENY Founder and Group CEO Jun Waide.
IDX-listed VENTENY provides an “employee super app” ecosystem with features including insurance, employee benefits, and corporate training for small- and medium-sized enterprises (SMEs).
The company operates in the Philippines, Singapore, Indonesia, and Japan. It claimed 9,600 SMEs onboard its platform, with over 250,000 users of its app in Indonesia.
VENTENY said it recorded a 125 per cent increase in revenue in Q3 2023 compared to Q3 2022. It has also experienced a 57 per cent increase in profits from Q2 2022 to Q3 2023.
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