US$13 million Series B financing round in AYO Technology Pte. Ltd.

A&G News 24 October 2022

Allen & Gledhill, as transaction counsel, advised PayU Fintech Investments B.V. (“PayU”) on its participation in the US$13 million Series B financing round of AYO Technology Pte. Ltd. (“Ayoconnect”), which was led by SIG Venture Capital.

PayU is the payment and fintech business of Prosus.

Ayoconnect is an open finance platform in Indonesia with more than 200 application programming interface (API) customers and 4,000 embedded finance products.

Advising PayU was Allen & Gledhill Partner Nicholas Soh.