PT Bank Jago Tbk announced its net profit after tax rose to 86 billion rupiah (around US$5.4 million) for September 2024.

This is a 71% increase from 50 billion rupiah (around US$3.18 million) in 2023.

Bank Jago attributes these results to a combination of strategies within the digital ecosystem.

By September 2024, Bank Jago had a customer base of 14.1 million. Of these, 11.1 million were funding customers using the Jago App.

More than 67% of these customers were acquired through partnerships with the GoTo ecosystem and Bibit mutual fund platform.