Fintech investors backing startups in Indonesia
11 investors hold two or more fintech startups in Indonesia each, 20 portfolio startups in all. The most active here are Y Combinator (6), Golden Gate Ventures (4) and Mandiri Capital Indonesia (4). 3 of them are accelerators.
Investors backing startups in Indonesia
| Investor | Startups here | Portfolio rounds, 12 mo | Latest activity |
|---|---|---|---|
 Y CombinatorAccelerator · United States · Ajaib, Finku, Xendit | 6 | 255 | Oct 2026 |
 Golden Gate VenturesVenture capital · Singapore · Finku, Xendit, BukuWarung | 4 | – | – |
 Mandiri Capital IndonesiaVenture capital · Indonesia · GoTo Group, Amartha, Ayoconnect | 4 | – | – |
 EndeavorAccelerator · United States · DANA, Paper.id, Durianpay | 3 | 55 | Oct 2026 |
 Quona CapitalVenture capital · United States · BukuWarung, JULO, majoo | 3 | 4 | Aug 2026 |
 GMO VenturePartnersVenture capital · Japan · Xendit, BukuWarung, Honest | 3 | 2 | Jul 2026 |
 Insight PartnersVenture capital · United States · Flip, Xendit | 2 | 83 | Oct 2026 |
 Peak XV PartnersVenture capital · India · GoTo Group, Moladin | 2 | 30 | Oct 2026 |
 PartechVenture capital · France · Finku, Xendit | 2 | 28 | Oct 2026 |
 Z Venture CapitalVenture capital · Japan · Amartha, Finfra | 2 | 7 | Jun 2026 |
| PPlug and Play APACAccelerator · Bizhare, Finfra | 2 | 1 | Feb 2026 |
The most backed startups in Indonesia
| Startup | Investors in this list |
|---|---|
 Xendit | 5 |
 BukuWarung | 4 |
 Finku | 3 |
 Paper.id | 2 |
 GoTo Group | 2 |
 Amartha | 2 |
 Finfra | 2 |
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Questions
Who invests in fintech startups in Indonesia?
11 investors hold two or more fintech startups in Indonesia each, 20 portfolio startups in all. The most active here are Y Combinator (6), Golden Gate Ventures (4) and Mandiri Capital Indonesia (4). 3 of them are accelerators.
How is this list built?
From what each investor holds: the portfolio page it publishes, the Y Combinator directory and the announced rounds that name it. An investor counts for Indonesia when at least two of its portfolio companies are based there; the list is rebuilt every night from 2,414 portfolios.