Watch experts discuss digital adoption and economic revival in Indonesia

Clockwise from top left: Ardi Wirdana, Jason Thompson, Yinglan Tan, Akshay Garg

Indonesia’s consumer internet plays in payments, e-commerce, edtech, and healthtech have seen a marked uptick in adoption with the COVID-19 pandemic altering user behaviour.

This, in turn, may lead to a revival in the country’s economy, said panelists at the 2020 Asia PE-VC Summit organised by DealStreetAsia in November.

Take OVO, for instance. The e-wallet has seen the adoption of its digital services grow 30% during the pandemic. “One in three people are new to online services during COVID-19. And based on our surveys, 93 per cent of those new users intend to continue to use the service when life normalises in Indonesia,” said the company’s CEO Jason Thompson.

He was speaking at a panel discussion titled ‘Indonesia: Does big market translate to big advantage?’ at the summit.

Thompson was joined by Yinglan Tan, founding managing partner & CEO, Insignia Venture Partners, and Akshay Garg, co-founder & CEO of FinAccel in the panel.

Garg believes that COVID-19 is becoming a “one-way highway” towards increased online penetration and access to mobile-enabled services in the next few years in Indonesia.

Watch the full video of their discussion here:

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.