Jack
Jack provides a single platform for FX conversion, local disbursement, and business banking in Indonesia, built on real banking infrastructure. The platform supports real-time disbursement 24/7 to 140+ banks and e-wallets, with access via API for high-volume automated disbursement or via portal for dashboard-based transfers. Jack also offers a real business banking account under the company's name, backed by a licensed Indonesian bank.
- Financial Technology
- Software Only
Funding
Funding not disclosed
Founders
Founder details are not available yet.
Product
Problem
Businesses moving money into or within Indonesia face fragmented payment infrastructure, requiring them to stitch together multiple vendors for FX conversion, local disbursement, and banking services. Standard rails have transfer windows and per-transaction caps, and payment gateways often display their own name on beneficiary statements, complicating reconciliation and eroding trust.
Solution
Jack provides a single platform for FX conversion, local disbursement, and business banking, built on real banking infrastructure. Global remittance companies can handle FX and local payout in one API call, while Indonesian payment companies can disburse at scale with their own account name on every payout. The platform supports real-time disbursement 24/7 to 140+ banks and e-wallets across multiple countries, with access via API for high-volume automated disbursement or via portal for dashboard-based transfers. Jack also offers a real business banking account under the company's name, backed by a licensed Indonesian bank and connected to Jack's full payment stack.
Target Audience
Primary customers are global remittance companies running Indonesia corridors, Indonesian payment companies disbursing at scale, and SMBs needing local or international transfers without extensive integration.
Features
- Jack Local Rails: intrabank rail operating 24/7 with no per-transaction limits or transfer windows
- Coverage of 140+ Indonesian banks and e-wallets, including BCA, BNI, BRI, Mandiri, GoPay, OVO, DANA, ShopeePay, and LinkAja
- Real business banking account under the company's name, backed by a licensed Indonesian bank, with LPS deposit insurance
- 1,000 free local transfers per month for business banking account holders
- API for FX conversion and disbursement in a single call, with no prefunding required
- Customizable multi-level approval flows with support for attaching supporting documents to transactions
- International transfers to 70+ countries via SWIFT MT103 or local rails, with flat-fee pricing on select corridors
- Portal interface for SMBs with no integration required, featuring real-time tracking and audit trails