About FinTech sector in Indonesia
The FinTech sector in Indonesia comprises 1.96K companies, including 326 funded companies having collectively raised $6.61B in venture capital money and private equity. Out of these, 128 are Series A+ funded, and 6 have achieved unicorn status.
FinTech sector in Indonesia has seen 43 acquisitions and 19 IPOs.
This sector includes companies offering tech-enabled financial services and IT infrastructure and software for offering and managing financial services.
FinTech sector is also known as BFSI Tech.
Companies included in FinTech
Companies providing tech solutions to provide financial services like lending, banking, fundraising, insurance, etc.Companies excluded in FinTech
Companies offering traditional financial services like Banks, NBFCs, Insurance Carriers, etc.Top FinTech Companies in Indonesia
There are more than 1.96K companies in FinTech in Indonesia. Xendit is the top FinTech company in Indonesia, ranked using Tracxn Score (what's this?).
Here are 5 of the top FinTech companies in Indonesia:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Online payment and money transfer platform for businesses | Jakarta (Indonesia) | 2015 | Series D | $533M | |
App-based platform for storing, buying, and selling digital assets and cryptocurrencies | Jakarta (Indonesia) | 2016 | Series B | $154M | |
Online marketplace for point of sale financing | Jakarta (Indonesia) | 2014 | Series E | $430M | |
Provider of supply chain digitization by ERP systems with embedded financing | Jakarta (Indonesia) | 2017 | Series B | $55.8M | |
Online P2P lending platform for business loans | Jakarta (Indonesia) | 2015 | Series D | $254M |
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Companies founded year-on-year in the FinTech sector in Indonesia
276 FinTech startups in Indonesia were founded in 2021 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | 3 |
2024 | 37 |
2023 | 89 |
2022 | 152 |
2021 | 276 |
2020 | 190 |
2019 | 211 |
2018 | 234 |
2017 | 151 |
Stage-wise distribution of FinTech sector companies in Indonesia
Out of the total 1,962 FinTech companies in Indonesia, 326 have secured funding. Among them, 128 have reached Series A or higher, and 97 to Series B or beyond.
Founded - 1,962
Funded - 326
Series A+ - 128
Series B+ - 97
Series C+ - 78
Company Stage | No. of companies |
|---|---|
Founded | 1,962 |
Funded | 326 |
Series A+ | 128 |
Series B+ | 97 |
Series C+ | 78 |
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Funding Trends in the FinTech sector in Indonesia
Total funding year-on-year in the FinTech sector in Indonesia
The FinTech sector in Indonesia saw a total funding of more than $6.56B in the last 10 years. The most amount of funding was in 2022 at more than $2.25B.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $143M |
2024 | $455M |
2023 | $833M |
2022 | $2.25B |
2021 | $1.67B |
2020 | $478M |
2019 | $305M |
2018 | $288M |
2017 | $127M |
Recent Funding Rounds in FinTech in Indonesia
In the year 2025, till October 2025, FinTech companies in Indonesia have raised $35.4M in equity funding across 12 rounds.
In the same period last year (i.e. till October 2024), FinTech companies in Indonesia had raised $207M across 24 rounds.
So, 2025 has seen a 82.92% drop in funding in FinTech companies in Indonesia as compared to 2024.
Here are some recent, important funding rounds in FinTech companies in Indonesia:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series B | 9460 | Oct 01, 2025 | ||
Series B | 4202 | Sep 16, 2025 | ||
Seed | 4841 | Aug 29, 2025 | ||
Series A | 3353 | Aug 14, 2025 | ||
Seed | 6467 | Aug 05, 2025 |
Top Investors in FinTech in Indonesia
Plug and Play Tech Center is the top investor in FinTech companies in Indonesia based on number of companies invested.
Here are some top investors in FinTech companies in Indonesia:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Sunnyvale (United States) | ||
Washington, DC (United States) | ||
Tokyo (Japan) | ||
New York City (United States) | - | |
Amsterdam (Netherlands) |
M&A activity in FinTech sector in Indonesia
In the year 2025, till December 2025, 2 acquisitions happened in FinTech sector in Indonesia. Last year, in 2024, a total of 3 acquisitions happened in FinTech sector in Indonesia.
Here are some recent, important acquisitions in FinTech sector in Indonesia:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Dec 10, 2025 | ||
Business Acquisition | Feb 26, 2025 | ||
Business Acquisition | Dec 06, 2024 | ||
Business Acquisition | Feb 13, 2024 | ||
Business Acquisition | Jan 15, 2024 |
Acquisition trends in FinTech sector in Indonesia
Here are the acquisition trends in FinTech sector in Indonesia:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 2 |
2024 | 3 |
2023 | 4 |
2022 | 7 |
2021 | 5 |
2020 | 3 |
2019 | 4 |
2018 | 4 |
2017 | 7 |
IPOs in FinTech in Indonesia
In the year 2025, till December 2025, 1 IPO happened in FinTech sector in Indonesia.
Here are some recent, important IPOs in FinTech sector in Indonesia:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Dec 17, 2025 | Indonesia Stock Exchange (IDX) | |
Apr 02, 2024 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Feb 01, 2021 | Indonesia Stock Exchange (IDX) | |
Sep 07, 2020 | Indonesia Stock Exchange (IDX) | |
Jul 12, 2019 | Indonesia Stock Exchange (IDX) |
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Colleges which produce the most FinTech companies in Indonesia
Companies founded by alumni from top colleges in the FinTech in Indonesia
Most number of FinTech startups in Indonesia have been founded by alumni from National University of Singapore (NUS), Harvard University and Harvard Business School.
College | No. of companies |
|---|---|
National University of Singapore (NUS) | 12 |
Harvard University | 7 |
Harvard Business School | 6 |
INSEAD | 6 |
University of California (Berkeley) | 6 |
Stanford University | 5 |
London School of Economics and Political Science | 4 |
University of California (Los Angeles) | 4 |
BITS Pilani | 3 |
Carnegie Mellon University | 3 |
Total funding in FinTech companies founded by alumni from top colleges in Indonesia
In the last 10 years, IIM Bangalore and IIT Delhi graduates' FinTech companies in Indonesia have raised the most funding among top colleges, and University of California (Berkeley) alumni are third.
College | Total Funding |
|---|---|
IIM Bangalore | $880M |
IIT Delhi | $880M |
University of California (Berkeley) | $579M |
Harvard University | $474M |
Nanyang Technological University (NTU) | $407M |
Harvard Business School | $391M |
Stanford Business School | $381M |
Cornell University | $353M |
Stanford University | $253M |
BITS Pilani | $218M |
Top News in FinTech in Indonesia
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