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Indonesia’s digital transformation accelerated during the pandemic

East Ventures, an Indonesian venture capital firm, and Katadata Insights Center launched the East Ventures Digital Competitiveness Index 2021 (EV-DCI 2021). The study shows the rise in digital competitiveness across Indonesian provinces, with two key drivers being equitable infrastructure development

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Fintech News

Conventional Banks are Ramping Up Digital Lending in 2021

Many conventional banks have started providing digital lending products to adapt to changing customer preferences and in anticipation of digital banks. In 2019, BRI introduced in-house lending platform, Ceria, with volumes of IDR 61 billion (US$4.5 million) and11,676 users at

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Fintech News

Exit trends for Indonesian startups in 2021

Investors expect existing healthcare startups, fintech and e-commerce platforms to consolidate via mergers and acquisitions in 2021. Meanwhile, unicorns such as Gojek, Tokopedia, Traveloka and Bukalapak have announced their readiness for IPOs. The fintech sector is primed for consolidation partly

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