Fintech — the entrance of new and often nontraditional vendors into financial services — has been a hot topic of discussion in the technology space for some time, with interest fueled by the amount of investment and attention being given to start-ups in the space. Indonesia, as the fourth largest country in the world in terms of population, has attracted global players (Google, Alibaba, Tencent, etc.) to take part in the Indonesian fintech development either as a player or as an investor. Is Indonesia breeding the next Southeast Asian unicorn?
The insights about Indonesian fintech start-up landscape become crucial for investors, traditional institutions, and fintechs themselves. Handojo Triyanto, senior research manager, IDC Financial Insights, says, "The collaboration between fintech and traditional institutions (banks) becomes mandatory for now and in the future." IDC has defined criteria to assess the maturity of the fintech start-up companies and applied these to the Indonesian market in a study. The research provided information on the top fintech start-up companies that can potentially become the next Southeast Asian fintech unicorn.
Modalku, PT Telekomunikasi Selular, DOKU, IMoney.com, PT Midtrans, PT. Akseleran Keuangan Inklusif Indonesia., Jojonomic Pte. Ltd., PT Investree Radhika Jaya., UangTeman, PT Sinar Mas Group, GOPAY LLC, PT. Solusi Finansialku Indonesia