Best FinTech Companies in Indonesia
The 658 best FinTech companies in Indonesia in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Xendit.
Indonesia's FinTech sector has attracted $5.6B in disclosed funding across 658 tracked companies, and if you want to know where that capital concentrated, this directory ranks them by equity raised and recent momentum. Six unicorns have emerged from that pool. Pluang leads our list at $113M, followed by OY! at $75M and Honest at $61M, with Amartha, PasarPolis and Akulaku Finance all clearing the $49M threshold. East Ventures, Mandiri Capital Indonesia and Y Combinator are among the most active backers, which tells you something about the mix of local conviction and global validation driving the space.
The macro tailwind is real. Global FinTech is tracking toward $461.6B by 2034 from roughly $113.4B today, a 17.21% CAGR according to IMARC Group, and Indonesia's density of underbanked consumers keeps it near the front of that curve. Next-gen banking platforms and cloud-based infrastructure are the hot build themes right now, though conflicting government regulations remain a structural friction point operators navigate every funding cycle. Deals elsewhere signal the same directional energy: PB Fintech's 165% profit jump on insurance growth and its fundraise targeting UAE expansion both underscore how FinTech at scale is pushing into adjacent verticals and new geographies. I'd call this a sector still mid-sprint, not cooling off.
- Statista
Our analysis of 1,006 FinTech companies
$195.5b in tracked funding; 96% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best FinTech companies in Indonesia
| # | Company | Disclosed funding | Last round | Stage | Employees | Founder | Tech stack | Market signals (1y) | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Xendit 🦄 Online payment and money transfer platform for businesses | $515M | 45 mo ago | Series D | 900 | Tessa Wijaya Co-Founder & COO | WordPressSentryAtlassian Statuspage+39 | — | 2 partnerships |
| 2 | Akulaku 🦄 Online marketplace for point of sale financing | $430M | 26 mo ago | Series E | 876 | William Li CEO | SentryNode.jsElement UI+12 | — | — |
| 3 | Kredivo 🦄 Provider of an app-based platform for purchase financing | $410M | 38 mo ago | Funding Raised | 1,134 | Alie Tan Co-Founder | WordPressMySQLPHP+23 | — | — |
| 4 | Kredivo Holdings 🦄 Provider of a consumer lending platform for financial applications | $390M | 38 mo ago | Series D | — | Alie Tan Co-Founder | WordPress Block EditorWordPressMySQL+27 | 3 signals ▲200% M&A | 1 award |
| 5 | Investree Online P2P lending platform for business loans | $254M | 32 mo ago | Series D | 321 | Kok Chuan Lim Co-Founder | Wix eCommerceWixSentry+11 | — | — |
| 6 | DANA 🦄 Digital wallet | $250M | 46 mo ago | Acquired | 900 | Vincent Iswaratioso CEO | TypeScriptAngularReact Router+21 | 5 signals ▲67% Earnings · M&A · Leadership | 1 job opening · 1 award |
| 7 | Ajaib 🦄 Online investing platform for stocks and mutual funds | $245M | 56 mo ago | Series B | 460 | Yada Piyajomkwan Co-Founder & CPO | WordPressMySQLPHP+35 | — | 3 job openings |
| 8 | Bibit App-based mutual funds investment platform | $175M | 48 mo ago | Acquired | 490 | Johny Susanto Chief Technology Officer & Co-founder | TurbopackNode.jsVisx+22 | — | — |
| 9 | Fazz Provider of SaaS-based accounting and finance management solutions | $155M | 39 mo ago | Series C | 907 | Jefriyanto Co-Founder | WordPressMySQLPHP+21 | — | — |
| 10 | Pintu App-based platform for storing, buying, and selling digital assets and cryptocurrencies | $154M | 48 mo ago | Series B | 309 | Jeth Soetoyo Founder & CEO | Apple iCloud MailGoogle WorkspaceNode.js+27 | — | 1 launch · 1 partnership · 1 award |
| 11 | LummoSHOP Provider of storefront solution for online businesses | $149M | 52 mo ago | Series C | 308 | Lorenzo Peracchione Co-Founder | — | — | — |
| 12 | Qoala Provider of digital insurance products for health life and vehicles | $134M | 26 mo ago | Series C | 369 | Tommy Martin Co-Founder | SentryNode.jsVue.js+24 | — | — |
| 13 | Flip App-based wallet for consumers and businesses | $120M | 48 mo ago | Series B | 400 | Ginanjar Solikhin Co-Founder | SentryZendeskAmazon Web Services+25 | — | 1 award |
| 14 | Pluang App-based investment platform for gold, crypto, and mutual funds | $113M | 1 mo ago | Series C | 264 | Richard Chua Co-Founder | Apple iCloud MailGoogle WorkspaceNode.js+18 | — | 1 award |
| 15 | TrustIQ Provider of consumer loans | $105M | 40 mo ago | Series D | 5 | — | WordPressTypeScriptPHP+18 | — | — |
| 16 | JULO Online marketplace for personal loans | $105M | 50 mo ago | Series B | 537 | Adrianus Hitijahubessy Co-Founder & CEO | DrupalPHPTailwind CSS+17 | — | 7 job openings |
| 17 | LinkAja App-based mobile payment platform for consumers | $100M | 26 mo ago | Series C | 755 | — | Node.jsSalesforceSocket.io+26 | — | — |
| 18 | KoinWorks Developer of a P2P lending platform | $93M | 53 mo ago | Series C | 651 | Willy Arifin Co-Founder | WordPressMySQLPHP+19 | — | — |
| 19 | BukuWarung Bookkeeping software for businesses | $80M | 60 mo ago | Series A | 299 | Chinmay Chauhan Co-Founder and President | Cart FunctionalityWordPressApple iCloud Mail+35 | — | — |
| 20 | Aladin Bank Digital bank for individuals | $77M | 41 mo ago | Public | — | Dyota Marsudi Chief Executive Officer | WordPress Block EditorElementorWordPress+28 | — | 1 award |
| 21 | OY! App-based messaging and payment solutions for businesses | $75M | 10 mo ago | Series A | 281 | — | SentryNode.jsBootstrap+24 | — | — |
| 22 | Superbank Digital native bank | $73M | 23 mo ago | Public | 57 | — | Apple iCloud MailGoogle WorkspaceNode.js+12 | 6 signals ▲200% IPO · Announcements | 1 internship · 1 award |
| 23 | Mekari HR management and accounting solution | $71M | 49 mo ago | Series E | 1,316 | Suwandi Soh CEO | WordPressApple iCloud MailGoogle Workspace+29 | — | — |
| 24 | Modalku P2P marketplace for business loans | $66M | 21 mo ago | Series C | 161 | — | WordPressMySQLPHP+22 | — | — |
| 25 | Honest Provider of a digital credit card with simplified fees and features | $61M | 8 mo ago | Series B | 144 | Peter Panas Co-Founder & Co-CEO | WebflowGSAPSplide+17 | 5 signals ▲25% Funding | — |
| 26 | Ekta NFT-based trading platform for the real world | $60M | 48 mo ago | Deadpooled | 20 | Berwin Tanco Founder | — | — | — |
| 27 | PasarPolis Online insurance comparison platform for individuals | $59M | 9 mo ago | Series B | 289 | Cleosent Randing Co-Founder | SentryJavaGoogle Cloud+14 | — | 1 job opening |
| 28 | AwanTunai Provider of supply chain digitization by ERP systems with embedded financing | $56M | 18 mo ago | Series B | 179 | — | WordPressMySQLPHP+35 | — | — |
| 29 | Amartha Microfinance P2P lending platform | $53M | 12 mo ago | Series C | 7,517 | — | WordPressMySQLPHP+23 | — | 1 award |
| 30 | Finture Credit card providing POS installment payment solutions for consumers | $50M | 21 mo ago | Unfunded | 54 | Matt Zou Co-Founder & COO | SkolengoMariaDBJava+10 | — | 2 job openings |
| 31 | Fuse Insurance quoting software for the insurance industry | $50M | 54 mo ago | Series B | 272 | — | WordPressMySQLPHP+21 | — | — |
| 32 | Akulaku Finance App-based platform for consumer loans | $49M | 9 mo ago | Funding Raised | — | Tak Takut Besar CEO | Node.jsYouTubeTailwind CSS+5 | — | — |
| 33 | VIDA Provider of secure identity management and authentication solutions provider | $48M | 48 mo ago | Series A | 128 | Jeffrey Siaw Co-Founder & Chief Data Science Officer | HubSpot CMS HubZohoBootstrap+30 | — | — |
| 34 | Ayoconnect Platform providing open banking API solutions | $40M | 28 mo ago | Series B | 272 | — | WebflowFacebook LoginHubSpot+23 | — | — |
| 35 | Wagely Provider of an online platform for payday loans | $37M | 27 mo ago | Series A | 107 | — | WordPressMySQLPHP+33 | — | 3 partnerships |
| 36 | AdaKami App-based platform for personal loans | $32M | 19 mo ago | Funding Raised | 137 | Tentang Perusahaan CEO | WordPressMySQLPHP+22 | — | 1 award |
| 37 | UangMe P2P lending for personal loans | $32M | 31 mo ago | Series B | 127 | Johnny Li Co-Founder | Node.jsGoogle MapsHeadless UI+11 | — | — |
| 38 | majoo Provider of business management software with integrated point-of-sale and CRM | $24M | 46 mo ago | Series A | 776 | Adi Rahadi Founder & CEO | PHPCodeIgniterBootstrap+23 | — | 1 job opening |
| 39 | iSeller Cloud based solution to enable omni-channel selling for businesses | $20M | 40 mo ago | Series B | 240 | — | Windows ServerZURB FoundationYouTube+16 | — | — |
| 40 | Alami Sharia Online P2P lending marketplace offering diversified loans to businesses | $19M | 32 mo ago | Series A | 444 | Harza Sandityo Co-Founder & Coo | WordPressMySQLPHP+24 | — | — |
| 41 | SGMW Multifinance Digital lending platform offering vehicle financing | $19M | 24 mo ago | Funding Raised | — | Alan Wang CEO | WordPressMySQLPHP+13 | — | — |
| 42 | Komunal Internet-first bank offering digital banking services for rural communities | $16M | 30 mo ago | Series A | 180 | — | Tailwind CSSReactGatsby+11 | — | — |
| 43 | Paper Provider of digital invoicing, payment processing, and business credit card services | $12M | 24 mo ago | Series B | 125 | Yosia Sugialam Co-Founder & CEO | BootstrapGoogle CloudNginx+26 | — | — |
| 44 | Rey App & cloud-based life and health insurance platform for individuals and businesses | $8M | 20 mo ago | Seed | 118 | Evan Tanotogono Co-Founder & CEO | Node.jsMUIReact+15 | — | — |
| 45 | SkorLife Developer of a platforms offering credit score checks | $6M | 17 mo ago | Seed | 10 | Kush Srivastav Co-Founder | ZohoGoogle Font APIZoho Mail+6 | — | — |
| 46 | Bang Jamin AI and app-powered insurance purchase and claims services provider | $6M | 11 mo ago | Seed | 14 | Morgan Andre Barry Co-Founder & CPO | Node.jsTailwind CSSReact+14 | — | — |
| 47 | Ringkas Provider of a digital platform for home loan applications | $6M | 12 mo ago | Seed | 43 | Yoko Simon Co-Founder | WordPressMySQLRedis+30 | — | 1 award |
| 48 | Finfra Provider of embedded finance infrastructure for digital businesses | $4M | 19 mo ago | Series A | 5 | Reinis Simanovskis Co-Founder | WebflowjQueryHSTS+8 | — | — |
| 49 | Monit NFC-enabled corporate credit card for business and vendor payments | $2M | 11 mo ago | Seed | 27 | Rizki Aditya Founder & CEO | TurbopackNode.jsTailwind CSS+11 | — | 1 partnership |
| 50 | Demuzo Online platforms allow investors to invest in music | $600K | 15 mo ago | Seed | — | Mark Feldman Co-Founder & CEO | — | — | — |
Top 12 FinTech companies in Indonesia
#1
Series C · Jakarta, Jakarta · founded 2018 · 264 employees$113Mraised▾
Pluang provides an app-based online investment platform for gold, crypto, and mutual funds. It features gold investment tips, market prices, and more. It offers a gold price comparison and monitoring platform. App is available for iOS and Android devices.
- May 2026Series C$10M
- Jan 2022Series C$55M
- Sep 2021Series B$35M
- Mar 2021Series A$20M
#2
Series B · Jakarta, Jakarta · founded 2019 · 144 employees$61.2Mraised▾
Provider of a digital credit card with simplified fees and features. It offers a streamlined application process and manages card details through a dedicated app. The card aims to provide transparency by charging a single administrative fee, eliminating annual fees and other hidden charges. Payment flexibility is a key feature, allowing users to manage their payments according to their needs. Security is enhanced through a "numberless" card design, with all essential card information accessible only within the app. The card is accepted at numerous online and offline merchants.
- Oct 2025Series B—
- Oct 2025Conventional Debt$40M
- May 2024Series B$2.5M
- Nov 2023Series B$19M
#3
Series B · Jakarta, Jakarta · founded 2015 · 289 employees$59Mraised▾
Pasarpolis provides online insurance comparison platform for individuals. It offers quotes for cellphone screen insurance and health insurance. It features coverage against damage, theft and more for cellphone screen. Its health insurance coverage includes treatment, surgery, medication and more. It also offers claims processing services.
- Sep 2025Series B$5M
- Sep 2023Series B$12M
- Feb 2021Series B$5M
- Sep 2020Series B$54M
#4
Series A · Jakarta, Indonesia · founded 2017 · 281 employees$75Mraised▾
App-based messaging and payment solutions for businesses. Apart from the basic features of the messenger app, the app also lists local businesses including contact details, location, and other relevant information of the same. Its payment solutions include payment gateways, bulk payments, invoice payments, and more. Businesses listed include restaurants, healthcare service providers, government services, retail, and other professional services. App is available on Android devices.
- Aug 2025Series A$12M
- Sep 2021Series A$30M
- Jul 2021Series A$45M
- Sep 2017Seed—
#5
Funding Raised · Jakarta, Jakarta · founded 2016$49.2Mraised▾
App-based platform for consumer loans. It offers multiple loan products including online shopping financing providing shop now, pay later facilities, multi-purpose financing providing car loans, and more. The application is available on the Android and IOS platforms.
- Aug 2025Conventional Debt$12.2M
- Dec 2024Conventional Debt$37M
#6
Series C · Jakarta, Jakarta · founded 2010 · 7517 employees$53Mraised▾
Microfinance P2P lending platform. It is an Indonesia-based P2P lending platform that connects micro-entrepreneurs and SMEs with investors. It allows individual as well as institutional investors to invest on their platform. The borrowers post the listing on the platform specifying the amount and the tenure for the loan. The lenders can browse and choose the desired listings.
- Jun 2025Conventional Debt$55M
- Jun 2024Series C$17.5M
- Jun 2023Conventional Debt$100M
- Jun 2021Series C$7.5M
#7
Series B · Jakarta, Jakarta · founded 2017 · 179 employees$55.8Mraised▾
Provider of supply chain digitization by ERP systems with embedded financing. Its ERP infrastructure captures proprietary transaction data that fuels the inventory purchase embedded financing. It serves traditional suppliers with an ERP system and traditional micro merchants with an Android app. Both suppliers and merchants are able to access embedded financing to purchase inventory. It has DFIs (including the IFC) and CVCs of global banks as inventors. It positions itself as the asset origination platform for the banking industry to access market segments
- Dec 2024Conventional Debt$60M
- Mar 2024Series B$27.5M
- Mar 2022Series A$8.5M
- Aug 2021Series A$11.2M
#8
Akulaku 🦄Series E · Jakarta, Jakarta · founded 2014 · 876 employees$430Mraised▾
Online marketplace for point of sale financing. It provides financing for multiple online/offline products including mobiles, laptops, electrical household appliances, and more. It enables users to make installment payments via credit/debit cards. The application is available on iOS and Android platforms.
- Mar 2024Conventional Debt$100M
- Dec 2022Conventional Debt$200M
- Mar 2022Conventional Debt$10M
- Feb 2022Series E$100M
#9
Series C · Jakarta, Jakarta · founded 2016 · 161 employees$66.2Mraised▾
P2P marketplace for business loans. It offers a platform that enables businesses to lend and borrow money with customized terms, amounts, and repayment options. It features multiple loan products including microloans, invoice financing, and more. Users must add the required details and apply for the loan. Once approved, the funds are transferred to the registered bank account.
- Sep 2024Conventional Debt—
- Nov 2023Conventional Debt$7.5M
- Sep 2023Conventional Debt$27M
- Jun 2022Conventional Debt$7M
#10
Seed · Jakarta, Jakarta · founded 2022 · 14 employees$6Mraised▾
AI and app-powered insurance purchase and claims services provider. It offers general insurance sales and service management to increase productivity. Its features include prospecting, ordering, payment, e-policy issuance, renewal management reporting, and monitoring claims. Its application is available on the Android platform.
- Jul 2025Seed$4M
- Mar 2023Seed$2M
#11
Public · Jakarta, Jakarta · founded 2021 · 57 employees$73.2Mraised▾
Digital native bank
- Jul 2024Series C$73.2M
#12
Unfunded · Jakarta, Jakarta · founded 2021 · 54 employees$50Mraised▾
Credit card providing POS installment payment solutions for consumers. Platform providing POS financing with installments, tracking expenses, bill payment reminders, shopping payments, and more.
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of FinTech coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Fintech is moving in Indonesia
A read on the academic research around Fintech — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 1,824 Indonesia-affiliated papers.
- Binus University102
- Universitas Patria Artha72
- Diponegoro University40
- University of Indonesia33
- Institut Agama Islam Negeri Bengkulu33
- Financial services12
- Database transaction5
- Financial inclusion4
- Financial literacy4
- Payment4
- Financial services3→338
- Payment3→141
- Sharia1→68
- Service (business)1→48
- Technology acceptance model2→42
- Financial services1→211
- Government (linguistics)2→37
- Database transaction1→26
- Financial innovation1→13
- Qualitative research2→12
Where fintech is researched across Indonesia
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Common questions
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.