Best Payments Companies in Indonesia
The 141 best Payments companies in Indonesia in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Xendit.
Xendit alone has pulled in $515M. That's the number that tells you everything about where Payments capital in Indonesia is concentrating right now. This page ranks the best Payments companies in Indonesia by disclosed equity funding and recent momentum, tracking 141 companies across a sector that's collectively raised $1.4B and produced two unicorns. LinkAja sits at $100M, OY! at $75M, Honest at $61M, and Finture at $50M — a funding ladder that shows real depth behind the headline name. The global market backdrop gives you context: payments worldwide was valued at roughly $511.9B in 2022 and is forecast to reach $847.6B by 2027 at an 8.9% CAGR, driven by open banking, contactless adoption, and blockchain rails.
So what's the live tension? Regulatory gaps remain a structural wildcard here, and the broader sector is watching how internal payment infrastructure moves play out globally, like Udaan's move to build its own payments stack to reduce external dependence, a signal I think Indonesian fintechs are reading closely. AC Ventures, Mandiri Capital Indonesia, and BRI Ventures are the most active backers in the directory, which tells you state-linked capital hasn't stepped back. Faster payments systems and digital banking innovation are the hot themes moving the needle this quarter. Coverage is flat, but the money isn't.
Our analysis of 150 Payments companies
$44.9b in tracked funding; 96% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2021.
Ranked: Best Payments companies in Indonesia
| # | Company | Disclosed funding | Last round | Employees | Founded | Founder | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Xendit 🦄 Online payment and money transfer platform for businesses | $515M | 45 mo ago | 900 | 2015 | Tessa Wijaya Co-Founder & COO | WordPressSentryAtlassian Statuspage+39 | 2 partnerships |
| 2 | DANA 🦄 Digital wallet | $250M | 46 mo ago | 900 | 2017 | Vincent Iswaratioso CEO | TypeScriptAngularReact Router+21 | 1 job opening · 1 award |
| 3 | Flip App-based wallet for consumers and businesses | $120M | 48 mo ago | 400 | 2016 | Ginanjar Solikhin Co-Founder | SentryZendeskAmazon Web Services+25 | 1 award |
| 4 | LinkAja App-based mobile payment platform for consumers | $100M | 26 mo ago | 755 | 2019 | — | Node.jsSalesforceSocket.io+26 | — |
| 5 | OY! App-based messaging and payment solutions for businesses | $75M | 10 mo ago | 281 | 2017 | — | SentryNode.jsBootstrap+24 | — |
| 6 | Honest Provider of a digital credit card with simplified fees and features | $61M | 8 mo ago | 144 | 2019 | Peter Panas Co-Founder & Co-CEO | WebflowGSAPSplide+17 | — |
| 7 | Finture Credit card providing POS installment payment solutions for consumers | $50M | 21 mo ago | 54 | 2021 | Matt Zou Co-Founder & COO | SkolengoMariaDBJava+10 | 2 job openings |
| 8 | Ayoconnect Platform providing open banking API solutions | $40M | 28 mo ago | 272 | 2016 | — | WebflowFacebook LoginHubSpot+23 | — |
| 9 | Doku Payment gateway and other payment solutions provider | $32M | 58 mo ago | 305 | 2007 | — | RubyRuby on RailsEnvoy+18 | 1 launch · 1 partnership |
| 10 | Moka mPOS software and hardware solutions for offline retailers | $28M | 93 mo ago | 661 | 2014 | — | UnbounceNode.jsSalesforce+32 | — |
| 11 | majoo Provider of business management software with integrated point-of-sale and CRM | $24M | 46 mo ago | 776 | 2019 | Adi Rahadi Founder & CEO | PHPCodeIgniterBootstrap+23 | 1 job opening |
| 12 | iSeller Cloud based solution to enable omni-channel selling for businesses | $20M | 40 mo ago | 240 | 2016 | — | Windows ServerZURB FoundationYouTube+16 | — |
| 13 | Brick It provides open finance APIs and payment solutions | $8M | 52 mo ago | 69 | 2020 | Gavin Tan Co-Founder & CEO | WebflowAmazon Web ServicesHubSpot+22 | — |
| 14 | Digiasia Financial technology and digitization solutions | $7M | 75 mo ago | 89 | 2017 | Prashant Gokarn Co-Founder | Tailwind CSSVue.jsNginx+3 | — |
| 15 | Ayopop Bill payment platform | $6M | 86 mo ago | 35 | 2016 | — | MUIGoogle CloudReact+10 | — |
| 16 | Aino E-money card solution provider | $4M | 86 mo ago | 173 | 2007 | — | WordPressMySQLPHP+25 | — |
| 17 | Pundi-Pundi Mobile wallet offering credit facilities | $4M | 105 mo ago | — | 2016 | Zac Cheah Co-Founder & CEO | — | — |
| 18 | Pawoon Cloud-based POS system for businesses | $4M | 82 mo ago | 130 | 2013 | — | — | 1 job opening |
| 19 | Durianpay Payment gateway and checkout solutions for businesses and merchants | $3M | 58 mo ago | 50 | 2020 | Kumar Pushpesh Co-Founder | Cart FunctionalityNode.jsFirebase+16 | — |
| 20 | Monit NFC-enabled corporate credit card for business and vendor payments | $2M | 11 mo ago | 27 | 2021 | Rizki Aditya Founder & CEO | TurbopackNode.jsTailwind CSS+11 | 1 partnership |
| 21 | PasarMIKRO Developer of an online platform for point-of-sale financing | $2M | 34 mo ago | 38 | 2020 | Hugo Verwayen Co-Founder | WordPressMySQLPHP+16 | 1 expansion |
| 22 | Olsera Platform offering POS and online storefront management software | $2M | 53 mo ago | 195 | 2015 | — | Node.jsElement UIVuetify+26 | — |
| 23 | Cashlez Cloud-based POS system for businesses | $2M | 86 mo ago | 106 | 2015 | — | Google MapsAngular MaterialBootstrap+20 | 5 job openings · 2 partnerships |
| 24 | DavestPay Online bill payment solution provider | $2M | — | — | 2015 | Selvy Hamzano Co-Founder | — | — |
| 25 | M Saku Payment solution for visa credit card holders | $100K | 178 mo ago | — | 2011 | Dian Kurniadi Co-Founder | — | — |
Top 12 Payments companies in Indonesia
#1
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
#2
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—
#3
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.
#4
Seed · Jakarta, Jakarta · founded 2021 · 27 employees$2.5Mraised▾
NFC-enabled corporate credit card for business and vendor payments
- Jul 2025Seed$2.5M
- Feb 2022Seed—
- 2021Seed—
#5
Series C · Jakarta, Indonesia · founded 2019 · 755 employees$100Mraised▾
LinkAja is an app-based mobile payment platform for consumers. It supports QR code and NFC based payments. Services offered include money transfer, data top-ups, bill payments, purchase game vouchers, and donations. Allows users to make payments using token code at LinkAja merchants. The app is available on both Android and IOS platforms.
- Mar 2024Series C—
- Dec 2020Series B—
- Nov 2020Series B$100M
#6
Xendit 🦄Series D · Jakarta, Jakarta · founded 2015 · 900 employees$514.9Mraised▾
Online payment and money transfer platform for businesses. The company serves commerce startups to large enterprises enabling businesses to accept payments, disburse payroll, run marketplaces, and more. Payments can be accepted via multiple channels including direct debit, virtual accounts, credit and debit cards, e-wallets, retail outlets, online installments, and more. Application is made available on Android and iOS platforms.
- Sep 2022Series D$16.2M
- May 2022Series D$300M
- Sep 2021Series C$150M
- Mar 2021Series B$64.6M
#7
Series B · Jakarta, Jakarta · founded 2016 · 272 employees$40.5Mraised▾
Platform providing open banking API solutions. Customized APIs offer solutions to direct debit by collecting recurring and one-off payments directly from customer bank accounts, recurring payment management for revenue operation with subscription billing solutions, virtual card numbers, and more.
- Jan 2024Series B$2.5M
- Oct 2022Series B$13M
- Jan 2022Series B$15M
- Sep 2021Series A$10M
#8
DANA 🦄Acquired · Jakarta, Jakarta · founded 2017 · 900 employees$250Mraised▾
DANA provides an app-based wallet for consumers. It enables users to do cashless and card-less transactions. It helps users to pay utility bills, recharge mobile phones & game vouchers, send & receive money, and more. Users can pay to DANA merchants through QR code scanning. The app is available for Android and IOS platforms.
- Aug 2022Series D$250M
#9
Series B · Depok, West Java · founded 2016 · 400 employees$120Mraised▾
App-based wallet for consumers and businesses. It facilitates services such as money transfers, bill payments, online/offline payments, and more. It also provides a business account that can be used for receiving payments from customers.
- Jun 2022Series B$55M
- Dec 2021Series B$48M
- 2020Series A—
- Sep 2019Seed—
#10
Series B · Jakarta, Jakarta · founded 2016 · 240 employees$20.4Mraised▾
Cloud based solution to enable omni-channel selling for businesses. The solution facilitates sales through point of sales, online and mobile store channel. Key features include digital store front enabler for online and mobile channel, centralised inventory management, payment service, hardware integration for POS solution an real-time notification for mobile channel.
- Jan 2023Series B$12M
- Oct 2021Series A$8.4M
- Sep 2020Series A—
#11
Series A · Jakarta, Jakarta · founded 2019 · 776 employees$23.8Mraised▾
Provider of business management software with integrated point-of-sale and CRM. The platform delivers tools for accounting, inventory, employee oversight, and business analytics. It offers tiered product solutions to cater to businesses at various stages. The software provides updated features such as online payments and integration with e-commerce services.
- Aug 2022Series A$10M
- Feb 2022Seed$5M
- Oct 2021Seed$4M
- Jul 2021Seed$4.8M
#12
Acquired · Jakarta, Jakarta · founded 2007 · 305 employees$32Mraised▾
Payment gateway and other payment solutions provider. It is providing online internet payment solutions to e-commerce, B2C, retailing, and B2B business concepts. They also provide solutions like Doku prepaid wallet, token payments, subscription payments.
- Aug 2021PE$32M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Payments coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Digital Payments is moving in Indonesia
A read on the academic research around Digital Payments — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 1,785 Indonesia-affiliated papers.
- Binus University193
- University of Indonesia70
- Telkom University49
- Bandung Institute of Technology46
- University of Pembangunan Nasional Veteran Jawa Timur42
- Mobile payment2→14
- Database transaction1→13
- Payment system1→10
- Payment service provider1→4
- Mobile payment13→231
- Payment system14→172
- Database transaction9→141
- Service (business)4→103
- Usability2→76
- Mobile payment2→82
- Payment system5→56
- Database transaction1→36
- Cash1→34
- Financial services1→29
Where digital payments 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.