Investment apps all the rage in Indonesia

2021.11.25 13:41:51

Investment technology makes up 24 percent of the total US$904 million in fintech funding in Indonesia so far this year.(Shutterstock/File)이미지 확대

Investment technology makes up 24 percent of the total US$904 million in fintech funding in Indonesia so far this year.(Shutterstock/File)

Investment apps have received a big chunk of the capital poured into fintech companies in Indonesia lately as mutual fund investment has gained popularity during the COVID-19 pandemic. The 2021 edition of the "FinTech in ASEAN" report published by Singapore-based UOB, accounting firm PricewaterhouseCoopers (PwC) and the Singapore Fintech Association (SFA) shows that investment technology made up 24 percent of the US$904 million fintech funding in Indonesia, second only to 36 percent that went to payment platforms. That is in stark contrast to last year, when the report mentioned no funding for Indonesia`s investment tech segment, while payment platforms received 35 percent of around $180 million invested in fintech in the country in 2020.

https://www.thejakartapost.com/academia/2020/10/22/start-up-sustainability-test.html

By Jakarta Post

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