What Teravin Technovations does

Teravin Technovations (PT. Teravin Technovations) is an Indonesian fintech company founded in December 2010 that develops, licenses, and supports enterprise-grade financial technology products for banks and corporations primarily in Indonesia and Southeast Asia. Its portfolio comprises five proprietary platforms: Colek Bayar, a mobile workforce platform with 200+ features for cash collection, fraud reduction, and rural-area operations; Siera, a mobile payment collection and prepaid/gift-card/loyalty platform aimed at small and medium businesses; Netbank, an internet banking solution for SME and corporate customers with high-security features; NetCash, a cash management system for financial institutions; and blink, a mobile banking system for end customers of financial institutions.

Under the hood, the products are delivered as enterprise software stacks supported by partnerships with IBM, Red Hat, AWS, Google, HP (infrastructure), OneSpan and VIX Verify (digital banking security and identity), New Relic (application performance monitoring), Magnolia (CMS), and Bevertec (payments). Integrations extend to Indonesia's PRIMA payment network, indicating the company works within regulated domestic banking rails.

Revenue mechanics are not publicly disclosed, but the model is described as enterprise software licensing with subscription/recurring characteristics, supplemented by implementation and support services sold through a direct, sales-led, consultative B2B motion. Pricing is quote-based; no public pricing is available. Target customer segments are tier-1 and tier-2 banks in Indonesia (commercial, shariah, and regional), SME/corporate banking users, and small/medium merchants. The company is privately held, founder-owned, and operates offices in Jakarta (headquarters), Tangerang, Yogyakarta, and Singapore (regional HQ).

Name

Teravin Technovations

Legal name

PT. Teravin Technovations

Website

https://teravintech.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

Teravin Technovations is an Indonesian fintech company founded in 2010 that licenses enterprise digital banking, cash management, mobile payment, and mobile workforce solutions to banks, corporates, and SMEs in Indonesia and Southeast Asia.

Ownership category

akta.pro rank

Product category

Financial Technology Software

NAICS

Computer Systems Design Services (541512)

SIC

Services-Computer Programming Services (7371)

akta.pro primary industry

BaaS Platforms & Sponsor Bank Enablement (FSAGALAA)

akta.pro secondary industries

SME Banking Suite (Business Accounts, Invoicing, Payroll Integrations) (FSAGAAAI), Card Issuing & Program Management Platforms (BPAMAFAH)

Keywords

• Digital banking solutions
• Mobile payment collection
• Cash management systems
• Internet banking software
• Mobile workforce platform

Headquarters

HQ city

Dki Jakarta

HQ country

Indonesia

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Enterprise Software Licensing: Teravin Technovations licenses its financial technology products (Colek Bayar, Siera, Netbank, NetCash, blink) to financial institutions including banks and corporations. The revenue model appears to be enterprise software licensing with implementation and support services for SME/Corporate customers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Teravin Technovations develops and licenses a suite of financial technology software products for banks and financial institutions, including Colek Bayar (mobile workforce platform with 200+ features for cash collection and rural area operations), Siera (mobile payment collection, prepaid, gift card and loyalty platform for SMEs), and Netbank (internet banking solution with high-security features for SME/Corporate customers). The company also offers NetCash cash management systems and blink mobile banking systems, serving Indonesian and Southeast Asian banks with consultation on technology adoption, operational controls, and security.

Product overview

Teravin Technovations offers a suite of financial technology products focused on payment solutions and digital banking. The portfolio includes Colek Bayar (Mobile Workforce Platform with 200+ features for cash collection and monitoring), Siera (Prepaid, GiftCard and Loyalty Platform for mobile payment collection), and Netbank (Internet Banking Solution for SME/Corporate customers). Additional established products include NetCash Cash Management Systems and blink Mobile Banking Systems. The company operates as a unified product ecosystem targeting financial industry payment modernization.

Differentiator

Problem solved

Functional benefit

Brands

• Colek Bayar: Mobile Workforce Platform for improving productivity, reducing cost, fraud management, and rural area operations.
• Siera
• Netbank
• ColekBayar.com
• SIERA
• NetCash
• blink

Products and services

• Colek Bayar Proven Mobile Workforce Platform designed to improve productivity, reduce cost, and reduce fraud, with capability to operate effectively in rural areas. Offers 200+ features and is positioned for cash collection and monitoring by financial institutions.
• Siera Mobile payment collection system for small and medium businesses, including prepaid, gift card, and loyalty platform capabilities. Designed for accessible payment collection and loyalty program management for SMBs.
• Netbank Internet Banking Solution designed for economical investment, providing combination features for SME/Corporate customers, supported with high security features.
• NetCash Cash Management Systems Established cash management system product for financial institutions, supporting corporate cash operations and treasury workflows.
• blink Mobile Banking Systems Established mobile banking system for end customers of financial institutions, enabling consumer-facing digital banking experiences.

Quantifiable outcome

• Up to 45% productivity boost for users of Colek Bayar platform
• +1 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature5 records

Scale indicators2 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Xendit: Indonesia-headquartered payments infrastructure platform providing payment collection, disbursement, and integration APIs for SMEs and enterprises. Comparable as an Indonesian fintech serving SME and enterprise payment workflows, though more focused on API payments than full banking suites.
• FinAccel (Kredivo): Indonesian fintech operating consumer credit and BNPL products with deep integration into Indonesian merchant and bank ecosystems. Comparable Indonesian fintech addressing payments and digital financial services for SMEs and consumers, with overlapping regulatory and partnership dynamics.
• Thought Machine: Cloud-native core banking engine vendor replacing legacy core systems for global banks. Comparable as a next-generation banking infrastructure vendor pursuing Tier-1 banks in Asia-Pacific, including deals in Singapore and Indonesia.
• Mekari: Indonesian SaaS suite spanning accounting, payroll, invoicing, and payment collection for SMEs. Comparable as a Jakarta-headquartered B2B SaaS company building financial workflow software for Indonesian SMEs, with similar customer overlap and GTM.
• Mambu: Cloud-native core banking and Banking-as-a-Service platform used by challenger banks and incumbents to launch digital banking products. Comparable as a banking-infrastructure vendor enabling digital banking deployments, though operating at a different scale and geography.
• Backbase: Digital banking platform vendor providing white-label internet and mobile banking to banks and credit unions globally. Closely comparable product category to Teravin's Netbank and blink internet/mobile banking solutions for SME and corporate segments.
• Aspire: Singapore-headquartered fintech providing business accounts, payment collection, and corporate cards to SMEs across Southeast Asia. Comparable as a Singapore-based regional fintech serving SMEs with payment and digital banking functionality.
• Privy Identity: Indonesian digital trust and electronic signature platform widely adopted by Indonesian banks for KYC, e-signature, and onboarding. Highly comparable to Teravin as a domestic fintech infrastructure vendor serving the same bank customers (e.g., BCA, BTPN) in Indonesia.

Broad incumbents

• Temenos: Global banking software incumbent providing core, digital, and wealth platforms to retail, SME, and corporate banks worldwide. Comparable as a larger established competitor in the same digital-banking software category, with a much broader product portfolio.
• FIS (Fidelity National Information Services): Global financial technology provider offering core banking, digital channels, payments, and risk solutions to banks of all sizes. Comparable as a broad incumbent competing for the same Indonesian and regional bank digital-channel RFPs Teravin targets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/teravintech
• LinkedInlinkedin.com/company/teravintechnovations

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Teravin Technovations