Indonesia’s fintech investments set to touch record high in 2017

Indonesia’s fintech investments set to touch record high in 2017

Photo from Unsplash

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.

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