Indonesia is already Southeast Asia’s largest economy but it is now also poised to become the region’s largest fintech hub. The internet economy is estimated to reach $130B in 2025. The large number of unbanked and underbanked population in the rural areas make it ripe for digital penetration.
Through collaborations, fintech companies and Banks in Indonesia can have access to broader markets, along with a number of other benefits such as a faster route to product-market fit where fintech companies can attain early adopters from Banking clients.
Alternative lending startups in Indonesia attract the most funding and secure the highest number of deals of any fintech segments. Last year, lending startups received 76% of the total investment into fintech in Indonesia.