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View all search resultsMeasure impact not just deal size of fintech in Indonesia
One shining Southeast Asian example is motorbike delivery and ride-hailing app and company Go-Jek, now a “unicorn” — a tech start-up valued at more than US$1 billion.
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Ride sharing app on mobile phone. (Shutterstock/Kaspars Grinvald)
F
rom blockchain to cryptocurrencies such as bitcoin and ethereum, as well as Initial Coin Offerings that allocate “tokens” as a new means of crowdfunding capital, the language and disruptions buffeting the mainstream banking and financial services industry can seem overwhelming.
But broadly defined, “fintech” — shorthand for the technologies delivering innovations as well as new challenges and opportunities to the once-staid banking and finance sectors — is also enabling the rise of new companies and transformative businesses.
One shining Southeast Asian example is motorbike delivery and ride-hailing app and company Go-Jek, now a “unicorn” — a tech start-up valued at more than US$1 billion.
With Go-Jek’s acquisition of payment portals Kartuku and Midtrans, and savings and lending network Mapan, the company is poised not only to be a digital payments leader, but also is in a position to influence the shape and scope of the fintech landscape in Indonesia.
