The economy of Indonesia is the largest in Southeast Asia with a diverse archipelago of more than 300 ethnic groups and has charted impressive economic growth since overcoming the Asian financial crisis of the late 1990s. It is the 15th largest economy in the world by nominal GDP and the 7th largest in terms of GDP (PPP).
Estimated to be worth $40 billion in 2019, Indonesia's rapidly growing Internet economy is expected to swell to $130 billion by 2025. As of 2019, there were 152 million Internet users in Indonesia, a proportion of nearly 60% of its population.
The startup ecosystem in Indonesia is mushrooming, and represents the closest competition to Singapore in Southeast Asia. Jakarta is the number one emerging startup ecosystem leader not only by value, but also by total early-stage funding received.
Indonesian unicorns stand testament to this, with Bukalapak, GO-JEK, Tokopedia, Traveloka, and Ovo bringing attractive investments into the country. As highlighted by the above list, ecommerce and ride-hailing are currently the hottest industries within this robust Internet economy.
Digital payments is also a part of this list. In fact, Indonesia is expected to show the second-highest growth in digital financial services revenues, reaching $8.6 billion in 2025 from $1.5 billion in 2019, at a growth rate of 34%.
About Zanroo in Indonesia
Zanroo has set its footprints in Indonesia since 2016. Located in Jakarta, Zanroo has been servicing clients from various industries from Financial Institutions, FMCG to Indonesia Government.
Address: The Boulevard, 6th Floor, Unit B1-B2
Jln. Fachrudin No. 5, Kampung Bali, Tanah Abang, Jakarta Pusat, DKI Jakarta, 10250
Office Phone: +62 21 27899107
Mobile Phone: +62 812 9500 6462