Global Investors ‘Bullish’ on Indonesian FinTech StartUps
Indonesian FinTech startups have attracted global venture capital giants, such as the Japan-based venture capital firm CyberAgent Ventures. Earlier this month, the firm announced that more than half of their new US$50 million fund will be dedicated to Indonesian startups. Steven Vanada, Vice President of the firm announced: “We are very bullish, especially on Indonesia. In the next few years, I think we will see a tipping point.” The VC fund will most likely focus on bitcoin startups like Blossom that utilizes an innovative technology such as the blockchain to solve problems of locals that....
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This new regulation is a first step towards supervising the fintech sector in Indonesia. Fintech is a trend that captivates audiences all over the world. A financial technology evolution is upon us, and it is only a matter of time until drastic changes occur. Indonesia is preparing for what the future may bring, by issuing a new regulation for fintech firms. To be more precise, the government focuses on P2P lending first and foremost. One of the many sectors fintech is “threatening” is the way people think about lending and borrowing money. In most cases, consumers and enterprises have to....
The financial services technologies (FinTech) industry has had over 45 venture capital investments, equivalent to US$3 billion in global ventures in 2013. Kantox reported that the number of deals in 2014 and 2015 is projected to hit around 60-70, as the global growth rate of the industry reaches a 26%. Moreover, Accenture’s “The Rise of Fintech: New York’s Opportunity for Tech Leadership” report on global investments in Fintech is expected to rise to US$8 billion by 2018 in wake of open-source software and cloud technology lowering the barriers to entry for startups. Many startups have....
Over 180 Fintech startups were analyzed to create this report, most of whom seem to focus on the payment sector in general. Fintech is a booming industry all over the world, and those signs are becoming apparent in India as well. With most of the startups in the region focusing on payments, and over US$1.3bn invested over the past three years, things are looking good. A recent study by Zinnov, a leading management consulting firm, shows the Fintech situation in India is well worth keeping an eye on. The majority of funding has been raised in the past three years, and the industry attracted....
PwC begins its first fintech Startup Collider cohort for European companies. In the wake of emerging FinTech startups based out of London, Europe is now marking a solid footmark in the global finance industry. Now, PricewaterhouseCoopers (PwC), a renowned professional services firm, is going to further boost the sector with its Startup Collider accelerator program. PwC’s Startup Collider accelerator program is focused towards startups working on fintech and fintech-related blockchain solutions in Central and Eastern Europe. The three-month long program officially kicked off on Monday for....
As investment in FinTech continues to rise, investors are becoming more selective in doling out money to startups, including those focused on bitcoin and blockchain. "There’s an increasing realization that [FinTech] is a specialized sector," said Jalak Jobanputra, founding partner of Future Perfect Ventures. "It's the realization that a lot of this does take extra time and the regulatory landscape is uncertain, and you need to invest in companies and entrepreneurs that understand that and have expertise and patience." The hesitancy is....