1、Indonesias Fintech Industry is Ready to RiseMarch 2023Sumit Kumar,Adrian Li,Helen Wong,Hameer Chauhan,Shobhit Shubhankar,Ignacio Oetama Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities.BCG was the

2、 pioneer in business strategy when it was founded in 1963.Today,we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholdersempowering organizations to grow,build sustainable competitive advantage,and drive positive societal impact.Our diverse,global teams

3、 bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change.BCG delivers solutions through leading-edge management consulting,technology and design,and corporate and digital ventures.We work in a uniquely collaborative model across the firm

4、 and throughout all levels of the client organization,fueled by the goal of helping our clients thrive and enabling them to make the world a better place.AC Ventures(ACV)is a top Southeast Asian venture capital firm that invests in early-stage startups focused on Indonesia and ASEAN,with over US$500

5、 million in assets under management.The firms mission is to empower entrepreneurs with more than just capital by combining operational experience,industry knowledge,deep local networks,and resources.ACVs team has invested in over 120 tech companies in the region since 2012.With a team of more than 3

6、5 professionals led by Adrian Li,Michael Soerijadji,Helen Wong,and Pandu Sjahrir,it has offices in Jakarta and Singapore.Contents01 Executive summary02 The Rise of Fintech in Indonesia06 A Vibrant and Flourishing Ecosystem 09 The Voice of Fintech15 The Voice of Retail26 The Voice of SMEs33 Learnings