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Indonesia's startup scene is defined by a heavy focus on financial technology. Companies like DANA and Xendit have attracted major investment, raising over $554.5M and $534.7M respectively.
While fintech is dominant, other startups are addressing needs in quick commerce and specialized human resources. The full list presents the 34 key companies shaping Indonesia's current market.
Below is our list of 34 Indonesia startups worth keeping an eye on.
Everything you need to raise funding for your startup, including 3,500+ investors, 7 tools, 18 templates and 3 learning resources.
Buy It For $97 $297 →Information about the industries, countries, and cities they generally invest in.
Get the Sheet for $50Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
Get the Sheet for $50List of startup investors in the BioTech, Health, and Medicine industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50List of 250 startup investors in the AI and Machine Learning industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50List of 250 startup investors in the FinTech and Finance industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50Honest develops financial technology products for consumers in Asia, beginning with its numberless credit card. The card is paired with a mobile app, giving users direct control and transparent oversight of their spending.
ASTRO runs a quick commerce platform in Indonesia, delivering groceries and essentials to customers on demand. They are focused on speed, promising to deliver orders in just 15 minutes.
DANA built an all-in-one digital wallet to simplify daily transactions for people across Indonesia. Their platform supports everything from QR code payments to sending money, part of a broader mission to advance the country's financial inclusion.
Stockbit operates a social investing platform for Indonesian traders and investors to share ideas and information. They bring together market data and community discussion to help users make more informed decisions.
Pintarnya built a job platform that connects Indonesia's blue-collar workers with new employment opportunities. The company's mobile app also provides integrated financial services to help users manage their income.
Amartha built a fintech platform that connects investors with micro-entrepreneurs seeking business capital. They specialize in providing inclusive financial services for unbanked communities, with a particular focus on supporting women in rural areas.
PasarPolis built an online insurance marketplace to help individuals compare and purchase policies from various providers. Their platform simplifies the insurance buying process, offering a wide selection of products in one place.
Mekari builds a suite of cloud-based SaaS products designed to automate business operations for Indonesian companies. Their platform integrates tools for core functions such as human resources, accounting, and tax management.
Xendit builds digital payment infrastructure for businesses ranging from small startups to large enterprises. Their technology allows companies to easily accept online payments and manage complex financial workflows.
Investree runs a B2B marketplace lending platform that provides financing solutions for small and medium-sized enterprises. They focus on connecting business borrowers with lenders through their financial technology, making it easier for SMEs to access capital.
Our top picks are just a small slice of the energy in Indonesia’s startup community. Across the country, founders are tackling big challenges in areas like finance, agriculture, and healthcare.
These companies have collectively raised over a billion dollars, with some just starting out and others scaling quickly. Here’s a look at more of the startups building what comes next for Indonesia.
| Startup | Industry | Year Founded | Amount Raised | Last Funding Round |
|---|---|---|---|---|
| AgTech | 2013 | $372.9M | Debt Financing | |
| Media | 2020 | $167.7M | Secondary Market | |
| Fintech | 2016 | $155M | Debt Financing | |
| Enterprise | 2018 | $47.7M | — | |
| AgTech | 2018 | $35.3M | Debt Financing | |
| Fintech | 2019 | $113M | Series B | |
| Mobility | 2019 | $2.6M | Seed | |
| Fintech | 2019 | $246.3M | Series B | |
| AgTech | 2015 | $94.5M | Series B | |
| Healthcare | 2014 | $53.3M | Series D | |
| Fintech | 2017 | $60M | Venture Round | |
| Mobility | 1983 | CN¥460.3M | Undisclosed | |
| Media | 2021 | $2.8M | Seed | |
| Retail | 2019 | $12.8M | Series A | |
| Media | 2007 | $15.1M | Series A | |
| Healthcare | 2017 | $3.8M | Series A | |
| Enterprise | 2022 | IDR46.1B | Seed | |
| Gaming | 2021 | — | — | |
| Data | 2020 | $5M | Series A | |
| AI | 2019 | $2.8M | Seed | |
| Fashion | 2003 | IDR266B | Venture Round | |
| Fintech | 2021 | $5.2M | Pre-Seed | |
| Real Estate | 2024 | SGD2.6M | Seed | |
| Media | 2016 | $30M | Angel |
