We were at Asosiasi FinTech Indonesia CMO Gathering last week with Dr. (c) Willy Sanjaya, SE, M.Akt, CFP®, AEPP®, CP.NLP, CWPP, CSSP, CPS, CCSM, CIFA, CPRM®, CIFM® Sanjaya, VP of Retail Funding KoinWorks where he detailed the journey of KoinWorks in developing innovative products and expanding our business. Alongside Tokocrypto, VIDA, and Faspay, Willy also highlighted the pivotal role that strategic partnerships play in enhancing the company's offerings and ensuring sustainable growth. Designed to foster collaboration and innovation within the fintech industry, this month's CMO Gathering’s theme was #8ergerakBersama: Sinergi dan Kolaborasi Industri Wujudkan Ekosistem Fintech yang Aman dan Nyaman—an inspiring call to action for industry leaders to work together towards a shared vision of a robust and safe fintech environment
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As you already know, we are a worldwide company, with focus on the diverse opportunities that #fintech market is providing all over the world. That’s why we are travelling a lot, participating in best fintech events. And now, some of our team members are based in Indonesia, why so? Simple, the Indonesian fintech market is booming! 🚀 According to the latest statistics, the market is projected to grow by 16.05% between 2023 and 2027, reaching a staggering volume of $60.32B in 2027. 💰💻 As was mentioned in the report of BCG, the investment in fintech in Indonesia surged to $3.2B between 2020-2022, a 4.6X increase compared to the funding received from 2017-2019. What’s more exciting that according to Statista, it’s projected that transaction value in #DigitalPayments will grow from $82.56B in 2023 to $131.10B in 2027, and transaction value for neobanking from $28.09B in 2023 to $58.38B in 2027. These incredible numbers highlight the resilience of Indonesia's fintech market, even during the challenging times of the COVID. 💪 According to expert’s opinion, the fintech market is set to maintain its rapid growth, fueled by advancing technology. The popularity of digital investment platforms will continue to rise as more individuals opt for online financial management. And they say, that #neobanking will reshape the financial landscape in general. Stay tuned, and if you want to meet us in #Indonesia, #Bali, #Jakarta or any other place, contact us. We're here to assist you every step of the way, our team can provide valuable guidance, resources, and expertise to help you navigate the fintech industry with ease. 🌍
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Meet our experts at MindsKonnect Indonesia. This session promises to be a thought-provoking experience, packed with insightful discussions on industry trends and future-focused digital payments solutions. Stay tuned for a glimpse inside.. #MindsKonnect #Indonesia #MindgateSolutions #TransactionBanking Karthik R K | Anurag Pattanayak | Nilendu (Neel) Mukherjee
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As we are pivoting our business model, LinkAja is the only digital startup that enables end-to-end #B2B2C State-owned Companies' value chain by #leveraging financial services. Having conversations with our Chief Finance and Strategy Officer Reza Ari Wibowo #DailySocial has written our #milestones and #achievements, including maximizing business from our #keyecosystems, #technology optimization, and #efficiency in marketing activities. These initiatives allow us to reduce opex costs by 50% and increase revenue by up to 30%. With the business model and working on the captive market, a lot of potential still has yet to be exploited, and we're there to develop. This strategy is in line with our commitment to #SatukanPotensiIndonesia
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Thanks Marsya Nabila for the article which penned LinkAja’s business strategy and plan. Indeed- We’re #nolonger talking about #MAU and #GTV as performance indicators, but rather economic units which has been shown to be real. Before the end of the year, we hope we will #raise #fund to pursue #growth
As we are pivoting our business model, LinkAja is the only digital startup that enables end-to-end #B2B2C State-owned Companies' value chain by #leveraging financial services. Having conversations with our Chief Finance and Strategy Officer Reza Ari Wibowo #DailySocial has written our #milestones and #achievements, including maximizing business from our #keyecosystems, #technology optimization, and #efficiency in marketing activities. These initiatives allow us to reduce opex costs by 50% and increase revenue by up to 30%. With the business model and working on the captive market, a lot of potential still has yet to be exploited, and we're there to develop. This strategy is in line with our commitment to #SatukanPotensiIndonesia
LinkAja Strategy Towards Profitability, Focus on BUMN Market (UPDATED) | DailySocial.id
en.dailysocial.id
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Profitability Vs. Growth In a startup world, growth often prioritized over profitability especially in the early stage due to the huge investments required. It is also the fact that in the later stage, many of those startups are still struggling to realize their committed path to profitability. LinkAja has achieved positive EBITDA 3 months in a row, and forecasts 30% revenue increase and 50% opex decrease two years in a row, in just 4 year after its establishment. This achievement cannot be done without great contributions by all employees from operation, tech, business, finance, legal, risk, human capital etc. who make sure any resource spent would lead to a single rupiah. This requires process, efforts, and mindset shifting. Of course, achieving profit is not an end - it is a must. What’s more important for LinkAja is to transform itself to become a more sustainable company that contribute long term value to its stakeholders and societies. #LinkAja #fintech #payment #wallet #bumn #soe #SatukanPotensiIndonesia #profitability #startup #growth
As we are pivoting our business model, LinkAja is the only digital startup that enables end-to-end #B2B2C State-owned Companies' value chain by #leveraging financial services. Having conversations with our Chief Finance and Strategy Officer Reza Ari Wibowo #DailySocial has written our #milestones and #achievements, including maximizing business from our #keyecosystems, #technology optimization, and #efficiency in marketing activities. These initiatives allow us to reduce opex costs by 50% and increase revenue by up to 30%. With the business model and working on the captive market, a lot of potential still has yet to be exploited, and we're there to develop. This strategy is in line with our commitment to #SatukanPotensiIndonesia
LinkAja Strategy Towards Profitability, Focus on BUMN Market (UPDATED) | DailySocial.id
en.dailysocial.id
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Happy National Fintech Day! Let's collaborate together towards a shared objective of advancing Indonesia's digital economy To find out more about the events taking place throughout National Fintech Month, kindly check Asosiasi FinTech Indonesia #VIDADigitalIdentity #BulanFintechNasional #sipalingfintech
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Indonesia's digital landscape is booming, poised to reach a staggering USD 310 billion by 2030. With e-commerce, fintech, mobility, and digital media leading the charge, Indonesia aims to secure its position as a global economic heavyweight. However, challenges loom large, particularly in talent development and infrastructure enhancement. To tackle these hurdles, Indonesia plans to cultivate a digital talent pool of 9 million by 2030 and ramp up infrastructure with 450 data centers and supercomputers. Investment growth is also crucial, targeting 5% of global flows and nurturing 450 AI-focused startups. To delve deeper into Indonesia's digital ascent, read the full report: https://lnkd.in/gnFR6-BT #DigitalEconomy #AI #DigitalTransformation #EconomicGrowth #TechTalent #InfrastructureDevelopment
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The Ministry of BUMN supports LinkAja in strengthening sustainable synergies INDUSTRY.co.id - Jakarta— LinkAja is further strengthening its strategic role as a payment platform by launching a loyalty point exchange program specifically for BUMN employees. The launch of the program, which is LinkAja's flagship initiative in 2024, was carried out at the BUMN ministry office, Jakarta on Tuesday (6/2) witnessed directly by the leadership of the Ministry of BUMN and BUMN. The launch of the loyalty point exchange program via the LinkAja platform is proof of digital transformation in the BUMN sphere. Since its launch in 2019, the Ministry of BUMN hopes that the presence of LinkAja can become a digital financial application that provides access to financial services while encouraging increased financial inclusion in the National Non-Cash Movement Program, as well as accelerating synergies within the scope of BUMN. This is the information collected by Dessy, the editorial team. Deputy Minister of BUMN, Kartika Wirjoatmodjo (Tiko) said "This is a good start in building a new ecosystem (consumer distributors and retailers). "And the loyalty point exchange program is a program that makes LinkAja different from other players in digital fintech technology." Tiko conveyed the importance of a clear business model and a strong ecosystem so that it can provide added value for its users and create sustainability for the company. In the future, it is hoped that the LinkAja platform can be used not only for internal BUMN, but also for the wider community. AKHLAK points are loyalty points in the LinkAja application specifically for BUMN employees. This program allows state-owned companies that do not yet have a loyalty program to have the opportunity to have a similar program in LinkAja's role as management provider of loyalty point programs. This loyalty point exchange program aims to strengthen collaboration between BUMN through application development. #linkaja #bumn
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As a dynamic and forward-thinking Fintech company, Pluang is always committed towards driving innovation and embracing the enormous impact potential of AI in the financial sector. Led by our visionary Co-Founder, Claudia Kolonas, Pluang is revolutionizing the way financial services are delivered in Indonesia. With a focus on leveraging cutting-edge technology and digital solutions, Pluang promises seamless trading/investing experiences for its customers. During the recent T-Connext 2023 event organized by Telkomsel 'Enabling Ecosystem Through AI: Supercharges Innovation for Tomorrow', Claudia shed the light on how AI can transform the way financial institutions operate, optimize processes and could enhance customer experiences. Pluang firmly believes in the power of collaboration and partnerships to drive innovation. By actively engaging with industry leaders, startups as well as investors during the networking sessions at T-Connext 2023, Pluang aims to foster a collaborative ecosystem that nurtures groundbreaking ideas and fosters mutual growth. #Pluang #Fintech #AI #Innovation #DigitalTransformation #Indonesia #BukaPluang
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Sustainability is essential for the future of the fintech industry in Indonesia. With a population of almost 300 million people in Indonesia, with large underbanked and unbanked population, digital penetration is increasing. Cash usage is also increasing so how does the payments industry adapt to make it easy for the consumer? Technology is not sufficient alone for innovation. Regulations, rules and good corporate governance are essential for the public to trust the industry and feel protected. Exhibitors and panelists at the Indonesian Fintech Summit & Expo shared products and ideas to embrace an innovate approach to user-friendly delivery with safety, security, simplicity and cost minimization remaining front of mind. Sally Sternecker Camilla Bullock Astri Abyanti Dike Armelia Saviera Nia Garneta Nefi Sun Pratiwi Sitompul Awang Yusuf Aulia Putrayasha Reancy Triashari Michael Geoffrey Asosiasi FinTech Indonesia Asosiasi Fintech Syariah Indonesia (AFSI) Otoritas Jasa Keuangan (AFPI) Asosiasi FinTech Pendanaan Bersama Indonesia #epaa #payments #asiapaymentsinsights
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be great!
1mosince March most payments have been late, koinworks is scam now?