- Bank Saqu Launches in Indonesia:
- WeLab and Astra Financial introduce Bank Saqu, a new digital banking service in Indonesia.
- Record-Breaking Development:
- Bank Saqu was built in six months, a notably shorter timeframe compared to competitors (18-24 months). WeLab credits this to their experience in creating Hong Kong’s first licensed digital bank.
- Target Audience:
- Focus on younger generations and solopreneurs in Indonesia, including small business owners, freelancers, and full-time employees with side hustles.
- Key Features:
- Create up to 20 “pockets” for managing income, expenses, spending, savings, and financial goals.
- Community-linked savings product with higher interest rates as more people join.
- Round up purchases to save more and earn interest.
- Rewards program and financial education tools, all accessible through a single app.
- Unique Advantages:
- Bank Saqu leverages local market insights, Astra’s extensive ecosystem coverage (offline and online), and WeLab’s technological expertise. This positions it with unique advantages in Indonesia’s digital financial services landscape.
WeLab launches Bank Saqu as its second digital bank in Asia
Popular Categories
Previous article![]( "Effective accelerationism, doomers, decels, and how to flaunt your AI priors")
Next article![]( "US fintech Brex names Karandeep Anand as its first president")
