BRI Ventures Vice President of Investment William Gozali said, investors would still be eyeing startups in fields whose vertical business was mature. “Because industry trends will not change in a very short time,” he said.
According to him, investors will still be interested in it. Then, education and health were also looked at by investors, because the government poured a large enough fund for these two financial posts.
“More and more new players have appeared. These two sectors (education and health) have a large and highly regulated market share. So this will be a long-term play,” he said.
He also assessed, investors will still invest in e-commerce. However, the approach is Direct-to-Consumer (D2C). “With more and more data available, e-commerce for personalized goods will grow,” he said.
In fact, he estimates that e-commerce growth will be significant this year. Provided, the company is focused on data-driven, not promotion or ‘burn money’.
In addition, he estimates that startups supporting Micro, Small and Medium Enterprises (UMKM) and Software as a Service (SaaS) will continue to grow. Likewise with digital media, according to him, will evolve to become more interactive.
Mandiri Capital Chief Executive Office Eddi Danusaputro agreed that fintech would still be in demand by investors. “Fintech continues to be prospective and there are several subsectors that we are interested in, like insurtech and remittance,” he said.
Venturra Capital Partner Raditya Pramana said that investors will see the ability of fintech — which will be invested — in measuring credit risk. “We can focus on this ourselves,” he said, some time ago (11/12).
In the past four years, he noted that fintech in the financing and lending sectors was the most funded. Now, investors are focusing on using (usecase) fintech services.
He gave an example; a digital wallet application can be used to pay for transportation services, e-commerce to the game. If the level of usage is high, then the value of money placed in the application will be large so that the potential for transactions will also increase.
“I think what’s interesting in the next three to five years; the payment fintech player is the most obvious usecase. So people will start putting more money. Two years back, because with discounts and marketing the usecase has increased, “he said.
Things like that are being studied by investors before investing in fintech. In addition, according to him, there are many sub-fields of fintech that can be explored by businesses such as loans for education, technology insurance (insurtech), virtual currency (cryptocurrency), and others.
Managing Partner of Kejora Ventures Eri Reksoprodjo conveyed the same thing. “Digital inclusion provides an excellent investment space. “There are still many foreign investors who are looking for Fintech,” he said.
The growth in banking account ownership in Indonesia is one of the fastest in East Asia and the Pacific. On the one hand, there are also quite a lot of smartphone users in the country. This is an opportunity for fintech players.
In Indonesia, startups in the education sector favored by the public are Ruangguru and Zenius. As for startups in Health, there are Halodoc, Alodokter, Dokter.id, Klikdokter and many more.
There is also quite a lot of fintech in Indonesia, some of which are popular include TunaiKita, Akulaku, Kredivo, and others. The existence of fintech that is developing in Indonesia must still be under OJK’s supervision so that people feel safe in using it.