With $356m in funding so far this year, Indonesia's wealthtech startups bask in the spotlight

With $356m in funding so far this year, Indonesia's wealthtech startups bask in the spotlight

Photo by Rendy Novantino on Unsplash

Buoyed by a growth spurt provided by a new generation of retail investors, Indonesia’s wealthtech startups have raised $356 million so far this year. That is more than half the capital secured by the market since January 2016, according to the latest report by DealStreetAsia – DATA VANTAGE.

With the exception of P2P lending, Indonesia’s wealthtech market has seen its startups find their footing during a period dominated by the pandemic and its ramifications, finds The State of Wealthtech in Indonesia.

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