29 Best Finance Startups in Indonesia to Watch in 2025

The Definitive Seedtable Ranking of Finance Startups in Indonesia

We track 71,000+ companies and rank them dynamically using our Seedtable Score – a score that uses quantitative and qualitative data points to signal the momentum behind a company. We then monitor the list manually leveraging our expertise as founders and investors.

There are 29 start-ups with an aggregate funding of $2.4b. The average funding per company in this subset is $81.5m.

Last update to the database: Feb 18, 2025. See changelog.

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10

Funding Rounds

$425.0m

Money raised

Akulaku is an online multi-purpose finance platform intended to provide financial services to underserved communities.

Location:

Key people:

1

Funding Rounds

$100.0k

Money raised

Narfex is a DeFi market exchange.

8

Funding Rounds

$814.7m

Money raised

Xendit is a company providing payments infrastructure in Indonesia and South East Asia. It can detect and receive payments from all banks.

Location:

Key people:

5

Funding Rounds

$245.1m

Money raised

Ajaib provides an online wealth management platform helping Indonesians protect and grow their money. It participated in the YC S18 cohort of Y Combinator.

Location:

Key people:

4

Funding Rounds

$150.5m

Money raised

Aspire is a company founded in 2018 by Giovanni Casinelli, Joel Leong, Andrea Baronchelli, Giacomo Ficari and Stefano Pellegrino.

1

Funding Rounds

$24.0m

Money raised

SuperAtom is an Indonesia-based company founded in 2018 by Johnny Li.

2

Funding Rounds

$22.5m

Money raised

Gotrade is a Singapore-based financial services company that enables people in 150 countries to invest commission free in fractional US stocks.

2

Funding Rounds

$40.0m

Money raised

JULO is a digital lending company that provides affordable unsecured personal loan for consumers.

3

Funding Rounds

$144.5m

Money raised

Koinworks is an Indonesia Super Financial App that provides both investment and liabilities products under single platform

Industries:

Location:

2

Funding Rounds

ALAMI Sharia is a P2P Lending company that was founded in 2018

1

Funding Rounds

$53.0m

Money raised

PayFazz is a financial technology development company in Indonesia founded in 2016 by Hendra Kwik.

Industries:

Location:

Key people:

1

Funding Rounds

PT. Cicil Solusi Mitra Teknologi is a company founded in 2016 by Leslie Lim.

1

Funding Rounds

Finantier is an open Finance platform for Southeast Asia founded in 2020 by Diego Rojas, Edwin Kusuma and Keng Low.

2

Funding Rounds

Pawoon is a company founded in 2014.

1

Funding Rounds

$2.8m

Money raised

Finku is a Jakarta-based company founded in 2021 by Shyam Kalairajah, Reinaldo Tendean and Shylla Pramadhani.

1

Funding Rounds

$2.8m

Money raised

Verihubs is a Jakarta-based company providing AI-based services for financial services enterprises in Indonesia

1

Funding Rounds

$10.0m

Money raised

PT Julo Teknologi Finansial is a company founded in 2016.

2

Funding Rounds

$13.0m

Money raised

Snapcart is a company founded in 2015 by Reynazran Royono.

Location:

Key people:

1

Funding Rounds

$4.3m

Money raised

2

Funding Rounds

$22.0m

Money raised

UangTeman is a company founded in 2014.

1

Funding Rounds

$18.0m

Money raised

Mekari is an Indonesia-based company founded in 2015 by Dirman Suharno.

3

Funding Rounds

$175.0m

Money raised

Bibit is a company founded by Wellson Lo, Sigit Kouwagam and Johny Susanto.

Industries:

Location:

Key people:

1

Funding Rounds

$2.5m

Money raised

Developer of a financial wellness application intended to improve the financial security of Indonesian employees.

Industries:

Location:

2

Funding Rounds

InfraDigital Nusantara is a Jakarta-based company founded in 2017.

1

Funding Rounds

$100.0m

Money raised

LinkAja is a South Jakarta-based company.

1

Funding Rounds

$2.2m

Money raised

SkorLife is a Jakarta-based company.

Location:

2

Funding Rounds

$66.0m

Money raised

PasarPolis is a company founded by Cleosent Randing.

1

Funding Rounds

$25.0m

Money raised

ONLINEPAJAK is a Jakarta-based company founded in 2014 by charles guinot.

1

Funding Rounds

$1.8m

Money raised

Adiwisista is a Jakarta-based finance company founded in 2018.

Industries:

Location:

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