Wow! Fintech Investment in Indonesia Reaches Rp12 Trillion

Investment in the national financial technology (fintech) industry during 2021 will reach US$ 904 million or equivalent to Rp12.94 trillion (exchange rate of Rp14,316). This value is equivalent to 23% of the accumulated investment in the fintech industry in Southeast Asia.

Chairman of the Supervisory Board of the Indonesian Fintech Association (Aftech) Rudiantara said the fintech industry in Indonesia has grown quite rapidly. It is also what makes it successful in attracting the interest of many investors.

“Accumulatively, the amount of investment in the fintech industry in Indonesia reached US$ 904 million or 23% of the total accumulated investment in the fintech industry in Southeast Asia in 2021,” said Rudiantara in a written statement, Tuesday (29/3/2022).

            In addition to showing the significance of the fintech industry in the investment world, statistical data shows the increasingly significant role of fintech as a source of economic growth for Indonesia. He also hopes that the 23% portion can continue to be increased considering that Indonesia represents 40% of the population in Southeast Asia. The increase is also expected to develop both from the aspect of the number of companies to the resulting impact.

            Rudiantara said that there were several records on the development of fintech throughout 2021. These records include the value of electronic money transactions which increased by almost 60% year on year (YoY) to Rp 35 trillion at the end of 2021. The adoption of QRIS has also exceeded the target of 12 million merchants before the end of the year. 2021, as a joint effort to support MSMEs.