7 Best Financial Services Startups in Indonesia to Watch in 2025

The Definitive Seedtable Ranking of Financial Services 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 7 start-ups with an aggregate funding of $1.2b. The average funding per company in this subset is $168.0m.

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

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Xendit logo

Xendit

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.

Industries:

Payment system Credit card Financial services

Location:

Jakarta Idaho Indonesia

Key people:

Aspire (company) logo

Aspire (company)

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.

Industries:

Technology Enterprise software Educational Technology

Location:

Singapore Indonesia

Key people:

KoinWorks logo

KoinWorks

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:

P2P Finance Loan

Location:

Idaho Jakarta Indonesia

Key people:

Alami logo

Alami

2

Funding Rounds

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

Industries:

Finance Peer-to-peer lending Technology

Location:

Jakarta Indonesia China

Key people:

PT. Cicil Solusi Mitra Teknologi logo

PT. Cicil Solusi Mitra Teknologi

1

Funding Rounds

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

Industries:

Financial services Education Finance

Location:

Indonesia

Key people:

Pawoon logo

Pawoon

2

Funding Rounds

Pawoon is a company founded in 2014.

Industries:

Technology Financial services Payment

Location:

Idaho Indonesia
PasarPolis logo

PasarPolis

2

Funding Rounds

$66.0m

Money raised

PasarPolis is a company founded by Cleosent Randing.

Industries:

Finance Financial services Insurance

Location:

Indonesia Jakarta

Key people:

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