Sharia fintech in Indonesia seeing early boom, but VCs need convincing

Sharia fintech in Indonesia seeing early boom, but VCs need convincing

Graphic: DEALSTREETASIA/Ipsita Ray

When the Indonesian financial authority OJK decided to consult the religious authority about the legality of sharia-compliant fintech startups late last year, it was an early indication of a perceived rise in the sector, following the lead of neighbour Malaysia.

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