Funding Analysis, GoTo Merger, Digital Bank, NFT, and Other Popular Articles Throughout 2021

One goal DailySocial.id is to bring in-depth insights about the industry to the digital entrepreneurship ecosystem in Indonesia. Throughout 2021 – still in the midst of the Covid-19 pandemic atmosphere – the startup ecosystem still shows interesting dynamics to follow. Unicorn new business concepts, new business concepts that are becoming popular, to important corporate actions taking part in them.

Here we summarize a number of popular articles on DailySocial.id throughout 2021. This list is a special presentation, because it contains an in-depth review/analysis on certain topics that are currently being discussed by industry players.

Funding Analysis

Funding data has always been an interesting news commodity in business media and technology startups. We provide a quarterly summary of funding trends to see how certain sectors in the industry are getting investors' attention.

Many interesting findings were revealed, during Q3 2021, continued funding (series A and above) began to dominate the Indonesian startup ecosystem, both in terms of the nominal recorded and the number of transactions.

For more, see the following articles:

• [Interactive Data] Indonesian Startup Funding Q1 2021 Increases 2 Times, Books IDR 8 Trillion
• [Interactive Data] Indonesian Startup Funding During the First Half of 2021
• Throughout Q3 2021, Indonesian Startups Book 13,8 Trillion Rupiah Funding

Digital bank starts to shine

The digital banking business is also a very hot topic to be discussed throughout 2021. The presence of this new business model in banking is predicted to be the future that is being shaped by industry players. No less interesting, many digital companies take part in it, both actively in the development process and as funders.

To understand the perspective of the digital banking industry, last year we conducted interviews with a number of digital bank players who have made their way into the industry. The context is to explore what kind of vision they will realize with the business model. Here is a list of the articles:

• Bank Neo Commerce Aims for the Top Five "Top of Mind" Bank Digital Indonesia
• Bank Jago Prepares Sharia Services and MSME Financing This Year
• DBS Indonesia Prepares Several New Features for Digibank in the Second Half of 2021
• Bank Hijra Becomes NATURAL's Spearhead in Solving the Challenge of Islamic Digital Bank

In addition, there is a review that highlights how the mutual synergy between startups and digital banks can have an impact on increasing the financial inclusion index in Indonesia. Here the reader is brought to understand some of the digital startups that invest in digital banks, such as Gojek invest in Bank Jago, Akulaku to Bank Neo Commerce, and Sea Group to BKE. More in the following article: Startup and Digital Bank Collaboration to Strengthen Financial Innovation and Inclusion.

With a different point of view, editorDailySocial.id also explore the hustle and bustle of the presence of digital banks, try one by one the services that have been launched and provide opinions regarding the initial impression of the application. Until in the end it was concluded that the digital bank is currently just nice to have, has not really presented a significant breakthrough to become something urgent to have. Check out the story of the experience through this article: Bank Digital Is Still Just “Nice to Have”.

GoTo Merger

Two of the most phenomenal local startups (read: the biggest in terms of valuation) decided to merge. Merger between business units Gojek and Tokopedia are predicted to be able to generate huge economic value, considering that both of them have very broad customer and partner bases. In the article entitled "Exploring the Potential of Goto Integration, Merger Results Gojek and Tokopedia”, we tried to look at it from another perspective, namely the potential for collaboration between features that might complement each other – or collide with each other because they both have the same unit.

In particular, we dissect the service ecosystem on each platform to find out the extent of product innovation they have successfully spawned. This includes integrations that have been carried out with strategic partners. An example for a case study Gojek described in the following chart.

In the article above, we also review from Tokopedia's point of view. By understanding the product and business units owned, along with their affiliates, it is hoped that readers can get an idea of ​​how The roadmap GoTo products in the future. Including exploring what aspects will be their main strength over the combination of these two different forces.

New business model

A conditional startup ecosystem with service innovation that continues to grow. Every year there are always new models that players try to offer. One that is getting enough attention is Open Finance, the concept allows a service fintech embedded in various types of digital applications. Not only that, Open Finance is considered to eliminate various frictions that are still obstacles in the development of the digital financial ecosystem, for example by presenting a more comprehensive credit scoring mechanism. Our review of Open Finance is written here: Getting to Know the Various Concepts of "Open Finance" in the Digital World.

Apart from Open Finance, NFT is also something that is quite horrendous towards the end of the year. In addition to local creators who have started to enliven the ecosystem, there are several startups trying to accommodate the needs on the business side. An understanding of NFT and how the concept works has become much sought after. We also specifically talked with several experts to conclude about the concept of NFT and how it can provide potential for local ecosystems in the article: Understanding Non-Fungible Tokens (NFT), Accelerating Adoption in Indonesia.

Exclusive interview

year 2021, DailySocial.id also conducts exclusive interviews with many industry players. Some of them managed to get the attention of readers. Here is a list of the most popular interview articles of the past year:

• Chandra Tjan: Digital Ecosystem in Indonesia is Not Mature, Opportunity for Investors and Startups
• JP Ellis' Winding Journey to Build a Business as a Foreigner in Indonesia
• Turochas "T" Fuad On "Exit" Strategy: Speed ​​and Execution is Everything
• Arnold Egg Reveals All About the Future of the Digital Industry
• Arip Tirta: Technology Can Change People and Businesses Quickly and Significantly
• Kusumo Martanto from Blibli: Innovation is the Key to the Sustainability of the E-commerce Industry
• Donald Wihardja: From a Business Consultant to a Real Role in Building a Technology Investment Ecosystem in Indonesia

We continue to be committed to continuing to provide quality articles that are useful for industry players. For various other selected articles that have been published and in the future you can enjoy through the DS Premium channel: https://dailysocial.id/premium-content.