DS/Innovate Report: Fintech Report 2022 - H1 2023

financial technology (fintech) is still the most popular technology sector in terms of adoption and development in Indonesia. From year to year the innovation continues, democratizing various aspects of the financial business model.

Menurut notes DailySocialid, for the last 5 years continuously sector fintech is ranked first as the business vertical that investors are most interested in.

On the other hand, the financial sector is known for its complexity considering that this industry is strictly regulated by the authorities. Each player must meet high compliance standards in order to operate. With the existing business development, fintech is still an interesting discussion for technology industry players.

For this reason, DS/Innovate as the research unit of DailySocial.id initiated the "Fintech Report 2022-H12023".

Broadly speaking, the report tries to capture the dynamics of the industry fintech homeland, summarizes important data and various perspectives from para stakeholder. There are 3 main discussions presented in this report, as follows:

1. Business overview fintech in 2022 and H1 2023; describes segmentation, business performance, trends, funding, and regulations that are of interest to highlight in that period.
2. Dynamics fintech in 2022 and H1 2023; highlights a number of important actions of the actors fintech, including efficiency trends, changes in the focus of the sustainability business, and various challenges facing the industry.
3. Strategic action fintech; recorded various important plans such as expansion, IPO, and consolidation in M&A actions.

There are a number of interesting data, one of which is related to consolidation. Throughout 2022, there have been 13 mergers/acquisitions involving startups fintech in Indonesia. Most of it is done for the expansion of the business model. For example, what GoPay did to Kripto Maksima to strengthen its line wealthtech. Meanwhile, until the first half of 2023, there have been 4 similar actions taken by players fintech in this area. Most recently Stockbit made an acquisition to Ayers Asia to expand its investment products.

Apart from that, there are still a number of data displayed in the report, including fintech startup funding, business achievements , and others.

Further information regarding Fintech Report 2022 - H1 2023 can be obtained HERE.