Indonesia's investment mainstays remain fintech and e-commerce

Risk management, execution key to success amid stiffer competition

According to a DealStreetAsia report, at least 20 fintech and e-commerce and commerce enabler startups in Indonesia raised fresh capital as of November. (Photo by Ken Kobayashi)

KHAMILA MULIA, DealStreetAsia

December 22, 2023 14:47 JST

JAKARTA -- For over a decade, fintech and e-commerce have continued to top the investment charts, and have done so again in 2023, even as overall equity funding for Indonesian tech firms slowed.

According to DealStreetAsia's SE Asia Deal Review: Q3 2023 report, at least 11 fintech companies and nine e-commerce and commerce enabler startups in Indonesia raised fresh investments as of November.