Financial Technology

Diversification of digital financial services has accelerated the financial inclusion and access evenly across archipelago.

Fintech industry has grown tremendously. Indonesia was ranked second highest country, with 26% of the total fintech investment in ASEAN (Fintech in the ASEAN 2021 report by UOB, PwC Singapore, and SFA).


E-money transactions increased 59% from IDR 22 trillion in December 2020 to IDR 35.1 trillion, according to Bank Indonesia data.

Peer-to-peer (P2P) lending

P2P lending grew during the pandemic. The number of borrower accounts increased by 287% to reach 71.8 million accounts in 2019-2021. Total loan disbursement grew from 42.5% to 63.2% in January-November 2021, based on Indonesia Financial Services Authority (OJK)’s data. 

The proportion of productive loans to total loan disbursement grew from 42.5% to 63.2% in January-November 2021. It can be associated with the growing need for financing to develop business activities.

Wealth management

The utilization of wealth management tech rises as people look to increase their income. The number of capital market investors increased ~ 93% and mutual fund investors increased ~115% in 2021 (Indonesia Central Securities Depository (KSEI).

Related Portfolio


Xendit is an Indonesian fintech company that provides payment infrastructure for Indonesia. Xendit processes payments, helps marketplaces simplify payments, sends payments and loans, detects fraud and helps businesses grow exponentially. Xendit serves by providing world-class APIs and dashboard interfaces that make the process easy.


Bibit, an investment platform that helps the investors with its Robo Advisor technology, to suggest a mutual fund portfolio that best fits the user’s risk profile, making investing hassle-free. It also provides investors with a small starting investment amount of IDR 10,000 (personal) and IDR 100,000 (with robo-advisor) for mutual funds.

“We have seen MSMEs, merchants, and startups who used to think very traditional about forms of payment, including the methods and integration. Today, it has changed, making it easier to build a business.”

Moses Lo

CEO & Co-founder of Xendit