The fintech sector has grown exponentially in Indonesia as it could fill the financial gap for millions of people. However, other issues appeared as some people were trapped by illegal fintech lending and lack of financial literacy, making it difficult to manage their wealth and cash flow.
The funding winter is here. News of layoffs and troubles in startups have been cropping up. In this Q&A series, we talk to Southeast Asia’s investors to suss out what opportunities they see, their thinking, and areas of investment they are looking at in the next few months.
The year 2022 may look rosy at first glance with high hopes of a post-pandemic recovery as most countries are re-opening their borders after disruptions from the COVID-19 pandemic.
‘A solid and integrated digital ecosystem is what jumpstarts Indonesia’s digital economy’: Willson Cuaca
Here is one riveting fact about our treasured country, Indonesia: it is the world’s largest archipelago consisting of 17,508 islands. Out of 600 million of Southeast Asia’s population, 270 million inhabit Indonesia. What is more, US$ 1.1 trillion out of US$ 2.1 trillion of Southeast Asia’s economy is located in Indonesia. That being said, Indonesia is the largest and most homogeneous market in the subregion with profuse economic potentials. The abundant islands dotting the country also signify the many inefficiencies to address and overcome. The vast market with overflowing problems that entail was the reason why East Ventures came to life. As long as problems are consistently lurking around us, it is imperative that we bring solutions and innovations to the table.
Mr. Thomas Lembong also recalled how he met Willson Cuaca for the first time when he was still a VC eight or nine years ago.
According to Mr. Luhut Binsar Pandjaitan, Coordinating Minister for Maritime Affairs and Investments, Indonesian economy is showing a positive trend.
Indonesia’s trucking space has witnessed a spike in investor interest as VCs flock to invest early in a sector they hope will become the next big thing.
VC investments can lead to employment and spending growth. Here’s how Indonesian venture capital support the country’s development goals.
Investasi dari perusahaan modal ventura bisa memicu peningkatan jumlah lapangan kerja dan daya beli masyarakat, dengan begitu ekonomi negara bisa tumbuh.