Jefrey Joe, managing partner of Indonesia-focussed venture capital firm Alpha JWC Ventures, does not agree. Fintech is definitely getting the attention, he admits, but the amount of money going into it is still disproportionate to the amount of investment e-commerce is getting. “There are very few players in the market (in fintech) compared to those of e-commerce platforms. I have to disagree that there’s too high of concentration in capital in this sector,” Joe told this portal
As e-commerce sites emerging and sprawling out across Indonesia, fintech becomes the next hottest question for investors hoping to win the industry in Southeast Asia’s most populated country. News of funding rounds raised by fintech platforms headline media outlets, and the common notion being formed now is that there is already too much concentration in capital within the sector
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