Investments into Indonesian fintech startups are set to hit a record high in 2017 at the current run rate, according to an analysis by venture intelligence platform CB Insights. It is estimated that there will be a total of about 50 deals this year alone.
Indonesian startups operating in the fintech space began announcing investment rounds in 2014, which saw a total of three deals. Deals in the space rose to 11 in the following year, increasing to 21 in 2016.
