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Indonesia has the fourth-largest population of any country in the world and is an attraction for global players such as Google, Alibaba, Tencent, and others in the finance technology sector as a player or investor. Payment and lending fintech start-up companies dominate the landscape in terms of maturity level. To find out the top fintech companies, scroll down.


Go-Pay wants to make your daily transactions as easy and seamless as possible. It not only acts as the payment method for Go-Jek services, but it is also available to help users’ daily transactions with its new features and products. Users don’t have to worry when using Go-Pay because they are protected with a secure system for hassle-free transactions. They can conveniently top up their Go-Pay with Go-Jek drivers, online banking, at ATMs or even with SMS banking. Other than ease of use and top-up mediums, Go-Jek also has Go-Pay transfer, Go-Pay withdrawals, Go-Pulsa and Go-Bills to give an integrated service to its users.

Website: Go-Pay

 Bareksa was the first online integrated mutual funds marketplace in Indonesia, under PT Bareksa Portal Investasi, and started in February 2013. This portal not only provides a platform for online mutual fund transactions, but it also provides data services, information, mutual fund investment tools, stock, bonds, and more to make it easier for the general public to invest. wants to improve the investment industry for Indonesian people by using information technology and the Internet while increasing the exposure of national investment to the global market. Adequately named Bareksa, which means “tree” in Sanskrit, Bareksa wants the national investment world to grow prosperously for the general public welfare.

Website: Bareksa


Most of us who use Grab on a daily basis will know OVO, which partnered with Grab as its electronic payment feature since June. OVO was launched in 2016 to be a smart application that gives its users ease of transaction and opportunities to collect points from its merchants. It has two types of membership now: OVO Club, where users can save up to Rp1 million in cash, and OVO Premier, where users can save up to Rp10 million in cash. Future plans include making a variative payment ecosystem starting with shopping malls, hospitals, shops, and street vendors.

Website: OVO


When Jojonomic first launched in 2015, it was an app that let users keep track of monthly income and expenses. Now, Jojonomic focuses more on its business-oriented offering: software that helps companies manage reimbursement claims. The process works just like conventional reimbursement where an employee submits a reimbursement form via Jojonomic on his or her smartphone and uploads pictures of the receipts. After that, someone at the company will review the claim and approve the payout. Around 40 companies are currently using Jojonomic—some of them are familiar because they’re also local start-ups: Go-Jek, MatahariMall, Lazada, Veritrans, and Kudo are just some of them.

Website: Jojonomic


Finansialku provides a financial planning portal for individuals and families in Indonesia. It aims to help customers achieve monetary goals with the right financial planning methods by providing a lot of information and educative articles on finance through its mobile app as well as financial seminars. All of the financial planners at finansialku hold active CFP licenses and work according to the financial planning ethics that are set by the Financial Planning Standards Board Indonesia. Whatever financial goals you have, Finansialku wants to help you work on them.

Website: Finansialku


Jurnal is online accounting software that gives instant financial reports in real-time. Managing companies’ financial reports is easier with online accounting software so they can focus more on business development. Certified ISO/IEC 27001, Jurnal provides a complete financial report service from balance sheets to cash flow to P&L and others.

Website: Jurnal


Supporting the growth of local businesses has always been the forefront of Modalku’s vision and mission. Utilising a peer-to-peer (P2P) lending platform, Modalku provides lending from Rp50 million Rp1 billion. P2P lending allows someone to borrow and lend funding without the need of a financial institution. It’s an online platform that gathers people applying for loans and people who are looking for investment. Payment can be done over a 3-, 6- or 12-month period with 3 per cent repayment levels. Investors can provide funding starting from Rp1 million and Rp10 million, and can expect to receive returns from 12 per cent to 18 per cent. Kudos to Modalku for aiming to create an inclusive financial world in which people with small to medium-sized businesses can have the chance to grow.

Website: Modalku

 See Also: Bridging Healthcare Needs: Top 7 Health And Wellness Start-Ups In Indonesia

Tags: Indonesia, Fintech