This article showcases our top picks for the best Indonesia based Fintech (Financial Technology) companies. These startups and companies are taking a variety of approaches to innovating the Fintech (Financial Technology) industry, but are all exceptional companies well worth a follow.
We tried to pick companies across the size spectrum from cutting edge startups to established brands.
We selected these startups and companies for exceptional performance in one of these categories:
- Innovative ideas
- Innovative route to market
- Innovative product
- Exceptional growth
- Exceptional growth strategy
- Societal impact
Top Indonesia Fintech (Financial Technology) Companies
Ajaib is an investing platform that allows Indonesians to buy and sell stocks, ETFs, and mutual funds. The company is committed to opening the door to access investment instruments that are safe, trusted, and affordable.
Its stock and mutual fund services can be accessed online, by all walks of life. The company was founded in 2018 and is headquartered in Jakarta, Indonesia..
BukuKas is a tech startup that provides a digital ledger app designed to assist micro and small businesses in their cash management. It helps Indonesian MSMEs understand and manage their financial flows more effectively with easy-to-use digital bookkeeping that traders can download through their smartphones.
Its app digitized the physical record-keeping books by enabling micro and small enterprises to record their sales, expense, and cash transactions at ease using their smart phone. The free app helps micro and small business owners to simplify cash management and help them grow their profits faster.
The company was founded in 2019 and is headquartered in Jakarta, Indonesia.. .
Kredivo provides an online credit card with payment methods and installments in 30 days or in installments within months. Kredivo has built a modern API to let users provide customers with innovative financing options.
This API reference will help users get started on including Kredivo as a new payment method on a site. Akshay Garg founded it in 2016, with its headquarters in Jakarta in Indonesia..
PasarPolis is the leading Insuretech company in Southeast Asia and the only company jointly invested by three Unicorns in Indonesia, Go-Jek, Tokopedia, and Traveloka working to enable consumers to be protected. Offers customised tailor made insurance products via B2B strategic partnerships and direct to consumers.
Products extend beyond traditional insurance to address consumer needs across multiple tech ecosystem. Leverages cutting-edge technology to redefine insurance..
PT Payfazz Teknologi Nusantara ( PAYFAZZ ) is a financial technology development company. The technology developed by PAYFAZZ is an agency-based financial platform that is a payment solution for Indonesians, especially people who still do not have bank accounts or unbanked .
PAYFAZZ ensures that the technology developed is guaranteed security because it has been using the security system in the form of GeoTrust SSL , User ID and Password . PAYFAZZ is committed to providing the best financial services technology by working with leading Indonesian partners from Banks, Providers of PPOB, E-commerce , Sales Agents and Alliances, and Financial Institutions.
The details of their partners can be seen more fully through the services and products they provide. The company wants to partake in this digital shift by facilitating easier accessibility to bill payments, loans, money transfer, savings accounts, and investment services through smartphones to elevate Indonesia’s financial standing across Southeast Asia..
KoinWorks is Indonesia Super Financial App and winner of Asian Banker Financial Innovation Award 2019 for Lending Category. With multiple financial product offers where users can manage both their asset and liabilities under one single platform.
A true financial technology evolution, with core DNA in providing accessible and affordable financial solutions for everyone.. .
Moka, a Jakarta-based startup that focusses on building mobile point-of-sale (mPOS) for small and medium businesses. Moka charges its users a monthly subscription fee, depending on the number of stores they have.
Transaction data is stored in the cloud which means business owners can access real-time sales data anytime, anywhere. The company was founded in 2014..
Investree is Indonesia’s leading B2B marketplace lending platform for SMEs that is fully licensed by Financial Services Authority of Indonesia (OJK) for both conventional and Shariah businesses. Investree is based in Indonesia but has grown its regional footprint in Thailand and soon to be in the Philippines.
Investree’s mission as marketplace is to use technology and data to provide small businesses with access to working capital solutions from retail and institutional lenders. Established in October 2015, Investree focuses on a B2B acquisition model to drive origination of SME borrowers.
These include strong partnerships with ecosystems to drive origination, enhance verification and reduce cost of acquisition. These include strategic partnerships such as e-procurement platforms, payment gateway providers to source potential SME while accessing its digital footprint through the ecosystem to enhance the business process and customer experience.
Led by a solid team of seasoned professionals from the financial industry with a team of 175 employees across the region Investree, by August 2019 has facilitated over USD 230 mio since inception, providing access to more than 1000 SMEs , while maintaining a robust and healthy asset quality.. .
UangTeman is an online lending service that provides instant short-term microcredit to Indonesian consumers. It aims to provide online financing, anywhere and anytime as an alternative to conventional lending models of banks or other finance companies.
Currently, UangTeman offers unsecured loans of a maximum of 3.5 million Rupiah for a maximum of 30 days. It serves the Greater Jakarta area, Yogyakarta, Solo, Magelang, Klaten, Bandung, Surabaya, Semarang, Bali, Makassar, Palembang, Lampung, Jambi, and Balikpapan.
UangTeman was founded in 2014.. .
AwanTunai is digitizing the traditional FMCG supply chain with online inventory ordering, digital payments for micro SME merchants. AwanTunai also helps government efforts by providing technology and financing to grocery suppliers and traders in Indonesia.
We believe that every Indonesian has the right to access affordable, safe, and modern financing to improve their welfare.. .
Xendit provides payments infrastructure in South East Asia. They have an end to end solution that allows modern businesses to accept payments through cards and bank transfers, manage funds through escrow/custodian accounts and disburse funds through the fastest pipes in the markets they serve.
This means they deliver frictionless payments across tech and traditional businesses.. .
Pluang is a financial technology application that opens public access opportunities to financial products easily and affordably. The company offers a gold savings product that allows investments starting from 0.01 grams and provides users with real-time liquidity and peace of mind as the gold is kept in a government-backed institution through the official Indonesian commodities exchange.
Founded in 2016, Pluang is headquartered in Jakarta, Indonesia.. .
Their vision is to use technology to make financial information more available and more useful to everyone. Their mission is to enable people to take control of their financial situation and save a lot of money by doing so.
Their products allow people to easily make the best financial decision for their situation. Come join our adventure in transforming Indonesian financial landscape through technology..
Modalku is an online marketplace based in Jakarta, Indonesia for small businesses to acquire loans and for lenders to fund small business loans to earn compelling returns. Its technology-based approach enables borrowers to receive loans for the first time or at lower than market rates, while lenders will earn returns well above that of bank deposits, traditional fixed income products, and life insurance investment-linked products.
This marketplace lending model is proven in countries such as USA, UK, China & Singapore.. .
CROWDE is an agriculture-focused fintech startup that empowers farmers across Indonesia with technology and capital. Thousands of farmers and investors across Indonesia have already put their trust in us to accomplish what has not been done before: a farmer-friendly financing ecosystem that put in touch investors seeking attractive returns with farmers that are looking for capital to grow, create employment, and support local communities.
At CROWDE, we only do agriculture and do it well: we understand how to assess agri-project financing and manage risks pertaining to agriculture. Beyond connecting investors and farmers we also integrate the entire agriculture ecosystem from suppliers to customers through technology.
Our investors and farmers have influenced the core of our mission, they are both highly driven individuals who seek to better their own future, this has always inspired us and we look to change Indonesia with this mission in mind.. .
Akseleran is a peer-to-peer lending platform that connects SMEs that need loans to develop businesses with a group of lenders who have more funds to fund the loan. Akseleran provides access to capital for businesses with competitive interest rates and flexibility in loan tenors, payment models, and collateral participation.
Akseleran also opens alternative lending opportunities to the Indonesian people to obtain attractive returns and commensurate with the risks involved.. .
Cashlez is a payment technology company that creates an mPOS system, a concept of receiving credit card and debit card-based applications on smartphones connected to a card reader via Bluetooth. This system can monitor all sales transactions of the business in real-time.
The company was founded in 2015 and is headquartered in Jakarta.. .
Taralite is a financial technology startup that focuses on lending money to the unbankables. Study have shown that only 60 millions out of 250 millions Indonesians have bank accounts and out of those 60 millions, only some are eligible to apply for a loan from financial institution.
Due to this lack of access, many Indonesians live their life without fulfilling their potential.. .
SuperAtom is a technology company that provides financial services. Its services are especially relevant in markets such as Southeast Asia, where traditional banking penetration is low and the proliferation of smartphones is high.
The company is driven by a mission to provide hardworking people in Indonesia with easy access to credit via a convenient platform. Its core team is made up of Chinese executives who have international experience in fintech, having worked with big Chinese companies, such as Cheetah Mobile, FinUp, and WeShare.
SuperAtom was founded in 2018 and is headquartered in Jakarta, Indonesia.. .
PT Wallezz Finansial Teknologi
wallezz is the answer to accelerate digital payment in Indonesia. We create User and Merchant Application, we create digital payment switching for local government as a SaaS for eTax and eRetribution, we create customise social media for community, loyalty management for banks, and some IoT to support our Financial Technology solution like fully automation building parking tht people can reserve from home or anywhere, and they can choose the available slot, and when they arrived, the system will know that the person who is parking at the slot is the right person.
we create statics qr codes for small medium and traditional market that aviod fraud system, QR codes for attendance, saas for egovernment and eNTERPRISE
Radana Bhaskara Finance
Radana Bhaskara Finance is a financial services platform focusing more on motorcycle financing activities for both new and used motorcycles, used four-wheeled financing as well as multipurpose financing. The Company is currently headquartered in Jakarta with its branch offices spread across Java and Sumatra.
As of November 30, 2015, the number of Branch Offices of the Company amounts to 49 Branch Offices.. .
Zendz Technology is working on Blockchain Finance Industry. The fact that sending money from abroad needs 3 days using bank or other fintech application, still make this as a problem.
With using Blockchain Technology, sending money can be done in 24 hours, timing transfer below than 30 minutes and currently support for 10 currency. Our Next phase, we can integrate our apps to some fintech apps in Indonesia such as paying bill to IDR account and top up gopay/ovo/dana.
The ultimate of our product is making ATM mini, which not connected to Bank/Payment gateway, but can directly withdrawal with cash.. .
Alterra is a technology company that provides services in bill payment aggregator, promotion platform, and distribution network. The company also offers online payment solutions for various products such as mobile top-up, electricity token, BPJS, and other utilities.
Alterra goal is to digitize Indonesian society by serving multiple business lines in the digital distribution network and online industry. It was founded in 2015 and is based in Jakarta, Malang, and Jambi, Indonesia..
Lifepal has become the number one marketplace for insurance products in Indonesia. With the support of machine learning and a simple and clear e-commerce experience based on convenience and accurate recommendations, our insurance products are simple to understand and transparent to any type of customer.
No surprises nor hidden clauses. We believe that the insurance industry needs to evolve from simply profiting on financial products to offering better protection people to fit their financial needs.
Trust has been broken and needs to be rebuilt. Today customers in Indonesia see insurance as a necessary evil and not a trustworthy friend that will always fight for them.
Finally, we care about you and we will always protect you. We fight for you.
In fact, our company was built to protect its customers and not its providers nor the insurance companies. As soon as you become a customer, you will be assigned a personal assistant to help you anytime you need.
LifePal is available on every device, desktop and mobile!. .
OY! is a fintech application that simplifies the management of finances. It is providing a free and easy way of transferring money directly from debit cards, viewing of bank account balances and bank statements as well as providing various financial products.
The Jakarta, Jakarta Raya-based fintech company was co-founded in 2017 by Hilfi Alkaff, Jan Kristanto, and Jesayas Ferdinandus.. .
Bareksa is an Indonesia-based investment platform for online mutual fund investments, state bonds, and Umrah plans. Bareksa Investment Portal also renders data services, information, news and analysis, and investment tools services.
The company was founded in 2013 and is headquartered in Jakarta, Indonesia.. .
Brankas is a fintech company that provides financial software and solutions. The company providing large-scaling payment, transaction, and cash management systems for e-commerce, SMEs, Fortune 100, 500, and ASEAN 50 companies.
it uses its APIs and systems to essentially slot new services into their platform. Brankas operates a platform that gives banks and financial companies the tech to roll out digital products and embrace online services.
The company helps its users to manage their accounts and payments directly with APIs and user dashboards to automate payment processing with enterprise-grade security. Brankas was founded in August 2016 and is based in Dki Jakarta, Jakarta Raya, Indonesia.
Midtrans, previously Veritrans, was established in 2012 with a mission to provide online businesses in Indonesia with a payment infrastructure that is safe, reliable, and fraud-free. Working with reputable banking institutions and payment channels in Indonesia, we support online businesses by facilitating transactions and enabling their growth via our chat commerce service.
Our clients include Matahari Mall, Tokopedia, Bukalapak, Cottonink, Bro.do, Garuda Indonesia, Pegipegi, JD.id, and many others. To learn more about us, visit www.midtrans.com..
PT Futuready Insurance Broker was established on June 18, 2015 under the supervision of the OJKand has obtained official permission No. KEP-518 / NB-1.2015.
Futuready work with some of the best insurance companies in Indonesia. Futuready is a one stop insurance platform for easy submission, management and claims of insurance products for each customer..
Gradana is P2P lending marketplace to address issues of limited funding alternatives to buy property while there are idle funds in the economy that can be productively utilized. It offers a peer-to-peer (P2P Lending) loan scheme for a home down payment installments.
Gradana was established in 2016 and is headquartered in Jakarta, Indonesia.. .
BukuWarung, a technology startup providing an accounting and credit management app that helps micro-businesses track financial transactions. The company integrates digital payments into its platform which enables small merchants to manage their cash and credit transactions as well as tracks all transactions including credit, expense, and sales and helps merchants get cash flow visibility through business reports.
By using the app, merchants receive faster repayments and see increased cash flow due to the automatic payment reminders sent by the app. Chinmay Chauhan and Abhinay Peddisetty started BukuWarung Jakarta, Jakarta Raya in 2019..
Moduit is Wealth Management and Advisory platform servicing individual investors (B2C) and licensed financial professionals (B2B2C) by OJK, Financial Services Authority of Indonesia. Our platform offers wide range of capital market products.
We hold Brokerage and Advisory License under supervisory of OJK.. .
Danabijak is an online lending platform that offers microloans. It enables users to apply a loan of up to Rp 3,000,000 and a period of up to 30 days for the first loan.
The company is dedicated to providing an opportunity to learn good financial behavior and build credit through education, gamification, and a transparent fee structure. Danabijak was founded in 2015 and is headquartered in Jakarta, Indonesia..
KlikACC platform enables transaction transparency for borrowers and investors, the entire transaction with the report can be easily accessed by the user. We have experts in the field of risk management continues to do periodic reviews of the scoring model that we use.
As well as we have procedures in field surveys and questionnaires that have been tested for the credit application process.. .
CrowdDana is an equity crowdfunding platform that connects investors to potential property investments. On this platform, investors can invest in property investments with minimal capital, starting from IDR 1,000,000.
Investors will get ownership in the form of shares, which can be traded on the secondary market in the platform. We ease investors by allowing minimal capital, asset liquidity, low transactions costs, and high ROI..
Duithape is a mobile payment and remittance platform that is designed to transact without a bank account. Its system facilitates users to make cash deposits and withdrawals, transfers, installment payments, and social security.
The company was founded in 2015 and is headquartered in Jakarta, Indonesia.. .
“GROWPAL” is the first-focused aquaculture crowdlending platform (Agri-Fintech) in Indonesia that brings together the backers (owners of capital / investors / sponsors), landowners, fishery farmers and crop buyers. GROWPAL establishes synergy between capital owners, who have more funds but do not have either knowledge of the potential of business in the field of fishery agribusiness nor the expertise to do it, with the fish farmers who have potential land and good aquaculture expertise but do not have the capital to raise production.
At harvest time Growpal also bridges the harvest to the end user without going through long trading chains. All of these mechanisms have been integrated in real-time and transparently.
Pinjam.co.id is a financial services technology company that provides cloud services platform online pawn. Besides, They also conduct financial services more effective and efficient for Their customers using pinjam.co.id platform for all your needs.
Borrow Indonesia and started to develop Their initiation in December 2014. Starting from trying to facilitate a person in getting quick funds through the channel digital and minimizes pawn transactions with direct face to face.
Their company’s vision is becoming a trusted financial services provider in Indonesia with a technological base. pinjam.co.id do Services handover of the goods with the choice as follows, namely:.
Pendanaan is a leading fintech platform dedicated to using cutting-edge technology and big data algorithms. It is a veteran of financial practitioners and technology pioneers.
They provide financial services to people who have not been served, get the right service, or even ignored by banks or other traditional financial institutions. Today, almost 50% of the population worldwide has not been served by traditional financial services, spread across developing countries.
They are also worthy to get the proper service, just like everyone else.. .
Netzme Kreasi Indonesia, PT
Netzme is a hybrid mobile payment platform revolutionising the way Indonesians interact and do business socially. We enable the mobile generation to combine payment services and community engagement through the shared social platform and unleash entrepreneurship potential.
You can cherish your experience and moments by sharing, earning and managing money at the same time as part of your daily social activities together with your community. Netzme ensures seamless integration of social daily activities and basic banking services by leveraging technology that brings people together.
And above all, it’s made in Indonesia! Netzme has obtained e-money and transfer fund licenses from Central Bank of Indonesia, registered in Ministry of Communication and Information Technology, as a part of Indonesia FINTECH Association (AFTECH), Asosiasi Sistem Pembayaran Indonesia (ASPI) and Asosiasi Perusahaan Pengiriman Uang Indonesia (APPUI).. .
KreditGogo is a financial technology (fintech) company located in Jakarta, providing range of attractive solutions directly to the retail market on behalf of Indonesia’s largest lincensed financial institutions. Our mission is to provide comprehensive information regarding financial services to the Indonesan retail sector.
KreditGogo.com has an innovative system advantage that can provide users with reliable & trustworthy data so that users can determine the most advantageous and profitable deals.. .
Discovery Nusantara Capital
Discovery Nusantara Capital is an early stage technology venture fund that focuses on internet startups investment in Indonesia and Southeast Asia. Irene Umar as the Partner and Felix Zhang as the lead advisor lead the fund.
Together, they seek to support poignant and dynamic startups not only in Indonesia, but also throughout Southeast Asia.. .
Qazwa is an Islamic financial technology company with a mission to make financing more accessible for micro-business. We aim to connect the small business as a borrower with a prospective lender through our platform using supply chain financing scheme.
With this scheme, we create transparent business contracts among all parties since the supplier and the consumer of the SME’s products has been stated in the beginning. — Our mission is to create a synergistic relationship between the lender and the borrower with meaningful collaboration, Sharia-based product development and financing process are all executed with greater control, safety, and reliability.
With this mission, we strive to create a better financial ecosystem that will be improving the economic welfare of the micro-business up to the grassroots community. — Whether you are a business owner or a prospective lender, you are all welcome to visit www.qazwa.id to join our movement and taking part to become #JadiManfaat in developing Islamic finance ecosystem in Indonesia Qazwa #JadiManfaat.
TEXO.ID is on a mission to redefine how payment should be, to weave a new digital payment ecosystem as the first notch of life novelty. Based on the hassles of using cash transaction, TEXO.ID is aiming to turn the world into a cashless society.
To simplify transaction process without any security compromises. Feeling muddled up and tempted to do something? We’re open! To work on this mission, we need like-minded people to work together.
We don’t look to your MBTI personality nor how idealistic or realistic you are, is it Indomie or Bakso that you choose when its rain. We look further, we value you as you are with the same culture and life values as ours.
Compassionate Aptitude, Self-Expansion, and Profound Knowledge is what we believe that we’ll be on the same pathway to the future.. .
We are a startup company who develops a mobile platform to let investors meet and collaborate with expert traders. This platform works as a marketplace in investment industry.
By using our platform, a user can copy-trade (automatically), shadow trading (manual), and share their information and or knowledge . Our solution enables user to do an automatic copy-trading, manual shadow-trading and knowledge/information sharing..
In Indonesia there are problems regarding debt. Many people and even shop sellers complain about friends or customers who forget to pay debts.
And worse, they did not dare to collect the debt. Lunasbos is a special application for recording debt.
Unlike other complex financial applications. Lunasbos focuses only on debt.
Lunasbos also offers a two-way recording feature. So that both parties know how much the debt is, and will get a reminder when due.
Now Lunasbos has helped more than 40,000 users and record their 90 billion rupiah of debts. And soon they can collect debt through the app.
And also get loan from us based on their credit scoring.. .
Artawana is a marketplace for highly secured loan products for everyone. Artawana was founded in 2016 by a group of highly experienced financial services and technology professionals from London, Zurich, and Singapore to revolutionize financial inclusion with technology and enable everyone to master financial security.
We believe that the advancement of our civilization will be in its maximum state if every single one of us can maximize our potential.We envision a world where everyone can attain his/her own means of life regardless of his social class or circumstances of birth. Artawana aims to provide the first step in this vision by providing equal opportunities for everyone to achieve financial security.
RajaPremi.com Is the First Online Insurance Marketplace in Indonesia. RajaPremi.com is a subsidiay of FatFish Internet Group (ASX:FFG), a company headquartered on Singapore and Australia that focuses on digital ideas and the first Internet venture accelerator to list on the Australian Securities Exchange since it first trading activities recorded on July 2014.
RajaPremi.com focused on financial services that provide various type of insurance in Indonesia including auto and personal accident insurances, life insurance, house insurance, travel insurance and etc.. .
InvesProperti.id is crowdfunding platform for property investment. Using our platform (Website and Apps), anyone can invest in property start from only 1 Million rupiahs ($75).
We believe using technology and crowdfunding system will help anyone to get benefits from investment in the property sector. Using our platform, the crowd investors can invest in selected property easily from the website or mobile app.
Our team will handle the management of the property. So, investors can relax and enjoy their passive income.
Investors can monitor their investment update from their app. They will gain profit sharing from rent and sales of the property that they invest..
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