Indonesia is seeing significant movements in its fintech sector, with the government imposing more constraints on online lenders. Despite these restrictions, fintech startup Wagely, as reported by TechCrunch, continues to make strides, focusing on financial wellness and helping the unbanked. Wagely has recently secured $23 million in funding, a mix of equity and debt, to expand its earned-wage access services in Indonesia and Bangladesh. This investment round was led by CapriaVC, with congratulations extended to Kevin Hausburg, Sasanadi Ruka, and the Wagely team, highlighting the growing interest in financial wellbeing platforms in Southeast Asia. Additionally, another fintech company, Wise, has paused its e-wallet features in Indonesia, indicating a rapidly changing regulatory and business environment in the country's fintech landscape.