Original Post by
The Indonesia-based fintech startup KoinWorks has finalised an undisclosed amount of deal with the local software engineering firm, DailySocial has learned
, Indonesian P2P lending startup, reportedly has acquihired a local software engineering firm based in Yogyakarta, Central Java, Indonesia.
, Co-Founder & CEO KoinWorks Benedicto Haryono said that the acquisition has been completed since two months ago, and now all the team members have been onboarded fully to KoinWorks.
“They have set up a new office in Yogyakarta. They will fully run KoinWorks’ engineering arm in a relaxed working environment,” Haryono noted during an interview in NextICorn International Summit 2019, Bali, today.
A total of 40 new engineering talents have joined KoinWorks from the unnamed software engineering firm.
“We found that the firm has a collectively great engineering talents, seeing that we also are on a mission to strengthen our internal team,” Haryono added.
The acquisition move has been revealed since the beginning of the yearfrom . At that time, the fintech startup stated that the move will be a part of its Research and Development’s expansion.
Besides the engineering team, the company is also in the middle of hiring middle to upper-level talents for products and legal compliance, to join around 200 of its employees in Jakarta and Yogyakarta.
Earlier this month, KoinWorks. KoinWorks managed to become Saison Capital’s first portfolio in Indonesia.