Strong VC interest in fintech could spawn Indonesia's next unicorn, says minister Rudiantara

FILE PHOTO - Indonesia's Communication and Information Minister Rudiantara attends an interview with Reuters in Jakarta. Photo: Reuters

Indonesia’s next unicorn may emerge from the fintech sector due to the high level of interest and investments from venture capital firms into the sector, says the country’s Communication and Information Minister Rudiantara.

Indonesia currently has four unicorns in ride-hailing startup Go-Jek, hospitality startup Traveloka and e-commerce companies Tokopedia and Bukalapak. Fintech is widely seen as a sector likely to produce the country’s next startup unicorn, an idea Rudiantara seems to concur with.

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