Indonesia plans creation of technology board on IDX for fintech startups

VP Jusuf Kalla (right) and Minister Rudiantara (middle) – Photo by Cabinet Secretary

Indonesia’s Minister of Communications and Information (Kominfo) Rudiantara has proposed to the Financial Service Agency, locally known as OJK, to create a technology board on the Indonesian Stock Exchange (IDX) to enable financial and technology (fintech) startup companies to list shares on the bourse.

He said, the listing of startups would provide an exit strategy for the investors in startups. He is hoping that Indonesia will have such a board in two years time.

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