Five Highly Potential Local Fintech Startups in Indonesia

Financial sector cannot be separated from startup-initiated technology adoption, including those fintech (financial technology) startups that start blooming in Indonesia. The following fintech startups may be the most potential ones to be titans of the industry.


This John Patrick (J.P.) Ellis-founded startup presents financial products comparison service that holds the principle of accuracy, security, and simplicity as its main pillars. The compared products are quite various, ranging from credit cards to consumer credit, insurance, and investment.

To facilitate its consumers, CekAja provides free consultation regarding financial products and insurance through its call center and livechat services.


Doku provides a payment gateway to facilitate any payment. Simplicity and security indeed are Doku’s main principles. So far, the startup has partnered with AliExpress, Metropolitan, Land, migme, and many others.


Similar to Doku, Veritrans also offers a payment gateway. So far, the startup has served various products including VT-Link and VT-Web. One point that makes Veritrans gets inducted into the list is its partnership with giants of banking industry, like BNI, Mandiri, CIMB Niaga, BCA, BRI, and Permata Bank. The various products it offers also show the startup’s excellence.


This startup, which was established back in 2009, holds micro business as one of its business focus. Ruma presents a transaction system that serves micro businesses such as cellphone credit, invoicing, and financial services. Ruma also provides training to villagers of suburbans to utilize technology while doing their business.


The ability to manage money isn’t everyone’s privilege. NgaturDuit awares about this, encouraging it to provide the solution. The startup offers a service that assists its users in managing their finance, including budgeting, expense reporting, investment portfolio monitoring, and free consultation.

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