A tale of 44 cities | Jakarta S e l f e v a u l a t i o n o f tH h eu hb u bi in nd i sc High Rankixa t ko e yr s a r e a JakartasBest workspace and accelerators Hub features Top FinTech companies Hub profile Technologies C88 FinTech Group (proprietor of Cekaja), Midtrans, Doku, Modalku, Investree Jo and Dimo. ha nne Mobile sG Sbo Big investors auv Location based services orge r Pn Sinar Mas Digital Ventures, MDI Ventures (subsidiary of Telkom, Indonesia’s largest aulm Web access oe telco operator), Lippo Group, Kejora Venture, Mandiri Capital Indonesia (subsidiary Gn l o b a l F Open Source it Cn es n t r eu of Mandiri, Indonesia’s largest bank), East Venture and Northstar (for later stage). 7p Ja6p UX ko ar rt ta Success stories Innovation areas C88 FinTech Group is the biggest FinTech companies in Indonesia, securing Series Indonesia has the most to gain from FinTech and is ripe for disruption. ConclaveRetail banking B round from major investor like Telstra. It was funded by Kejora Group since the The country has a large unbanked population and high mobile phone D-LAB by SMDV seed stage, and emerged as Indonesia’s FinTech powerhouse. Kejora E-commerce penetration. Its massive MSME market is still mostly uncatered for by InMandiri Digital IncubatorAggregators n INDEX SCOREoPlug & Play Indonesia In December 2016, new regulations on P2P lending, payment gateway, and conventional financing, as evidenced by a wide financing gap. The va Credit scoring t e-wallet demonstrated commitments by the regulator to support FinTech i o Underwriting funding landscape for FinTech has shown significant growth since 2015, c n development. with VC firms (including globally recognised firms, local bank-backed noi255utlu VCs, and corporate VCs in general) supporting early stage ventures to tav9erChallenges The future onnI1suBoD December 2016 was a milestone for Indonesia’s FinTech ecosystem as the Central access to large pools of Indonesia's untapped growth. labxed8senigni Regulatory uncertainty from Low RankolGnI8s new regulations Bank (BI) and the Financial Services Authority (OJK) each issued regulations Quality of infrastructure that paved the way forward for Indonesian FinTech. In 2017, we expect to see Skills shortages – technology companies secure licenses, more companies to flourish and an increase in foreign tise FinTech companies entering the Indonesian market. BI will also issue a regulatory Reper sandbox in mid 2017 and we hope to see investors gaining more confidence in gulao ex investing in Indonesian FinTech companies. tionty t imi rox P Formers eign sto custo Hub representativeartupsProximity t FinTech Association of Indonesia CEO Ajisatria Suleiman 41