Indonesia Tech News


PasarPolis, an Indonesian insurtech startup, announced that it has raised US$54 million in series B funding.

Payfazz, which aims to become Indonesia’s version of Paytm, claims that it’s on track to process US$2.2 billion in transactions this year.

Gojek’s financial service app GoPay is the most used e-wallet in Indonesia, according to a study by iPrice and App Annie.

Fintech in Indonesia is currently at 10% to 15% penetration nationwide, but industry sources are bullish about the next five years.