Top 10 Fintech Companies in Indonesia (Payment Orientation)

Here are 10 of the most influential companies in the financial technology (FinTech) space in Indonesia (Indonesia), covering a wide range of segments such as payments, lending, digital banking, and investment (in no particular order):

1. GoPay

  • realm: Mobile Payments
  • parent companies: Gojek (now GoTo Group, merged with Tokopedia)
  • bright spot: One of the largest e-wallets in Indonesia, integrated into the Gojek Super App, covering scenarios such as taxi, takeaway and retail.

2. OVO

  • realm: Digital Payments
  • Affiliated companies: Grab, Lippo Group
  • bright spot: Deep co-operation with Grab, extensive access to offline merchants and online services, and a stable market share of the top three.

3. DANA

  • ​​realm:: Electronic purse
  • ​​cooperative partner:: Ant Group (Ali), Emtek Group
  • ​​bright spot: Relying on Alipay's technology, we focus on inclusive finance and small and micro enterprise services.

4. LinkAja

4. LinkAja

  • realm: E-wallets & financial inclusion
  • contexts: Jointly launched by a number of Indonesian state-owned enterprises (e.g. Telkom, Bank Mandiri, etc.) and supported by the government.
  • bright spot: Focus on offline payments and public services (utilities, transport card top-ups), covering second- and third-tier cities and rural areas.

5. Akulaku

  • realm: Buy Now Pay Later (BNPL) & Digital Banking
  • general headquarters: Jakarta (with operations in many countries in South-East Asia)
  • bright spot: Started as an instalment shopper, it has acquired a digital banking licence and launched the "Neobank" service.

6. Kredivo (now FinAccel)

  • ​​realm: Digital Credit & BNPL
  • Parent Company: FinAccel (Singapore/Indonesia Dual Head Office)