UpBanx

upbanx.com
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Company Overview

UpBanx is a fintech company based in Jakarta, Indonesia, with a remote workforce. The company operates within the fintech sub-industry and is part of the Y-Combinator W22 batch. UpBanx focuses on providing financial solutions to over 700k direct-to-consumer (D2C) brands and content creators in Indonesia. With a team of 13 professionals, the company serves a high-growth market opportunity estimated at $14 billion per year.

Funding and Investors

UpBanx has successfully raised $5.6 million in funding. The investors backing UpBanx include Y Combinator, Alpha JWC, Alto Partners, CreditEase, Oliver Jung, and Indonesia's prominent influencer, Raffi Ahmad. This financial support has enabled the company to expand its offerings and improve its services.

Services and Products

UpBanx offers a range of financial products designed for D2C brands and content creators. These include financing options, an invoice generator, and financial statements. Additionally, UpBanx provides a high-yield business account for its customers. The latest product launched by the company is UpThinx, an AI-powered content generator aimed at enhancing content creation processes.

Partnerships and Regulatory Compliance

To ensure regulatory compliance and leverage market opportunities, UpBanx has partnered with Modal Rakyat Indonesia and KoinWorks. The company is licensed by the Otoritas Jasa Keuangan (OJK) and registered with Kominfo. UpBanx is also a member of Fintech Indonesia, demonstrating its commitment to adhering to industry standards and regulations.

Market Presence and Regions Served

UpBanx operates primarily in Jakarta, Indonesia, but also offers remote services, allowing it to serve customers across Southeast Asia. The company's remote capabilities make it accessible to a broader audience, supporting its goal of catering to a wide range of D2C brands and content creators throughout the region.

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