The Curious Case of T-Cash

This is series of study case analysis that i like to write from time to time.  I am a big fan of Ben Thompson’s Stratechery and this series of essay emulate his style of writing. Check out my first post on Traveloka.

This week in fintech, T-Cash state-owned e-wallet provider announced that they will transform into LinkAja. Not only the name change, the new T-Cash will be backed not only by Telkom group but also six other state-owned enterprise (SOEs) : Bank Mandiri, BRI, BNI, BTN, Jiwasraya and Pertamina. The change will be implemented late February and current T-Cash users will only need to update their app once LinkAja launched.

T-cash QR Payment feature. image credit from kanalaceh.com

Couple of interesting points from this.

Continue reading “The Curious Case of T-Cash”

Apa yang dicari para investor dalam pendiri startup?

Ini adalah thread quorayang saya jawab beberapa waktu lalu. Platform Quora ini cukup menyenangkan dan saya aktif disana. Cek kesini untuk melihat semua jawaban yang saya tulis.


Skena dari film The Founder dimana Michael Keaton memerankan Ray Kroc

Di satu konferensi, saya berkesempatan mengobrol dengan Pak Jefrey Joe dari Alpha JWC Venture. Seorang venture kapitalis yang portfolionya bisa dilihat dilink dibawah

Portfolio | Alpha JWC Ventures

Pertanyaan saya senada dengan ini :

“ Bagaimana menilai probabilitas kesuksesan seorang founder, terutama jika startupnya masih early sekali “

Continue reading “Apa yang dicari para investor dalam pendiri startup?”

Mengapa saat ini di Indonesia, startup fintech lebih banyak dibanding startup lain

Ini sebenarnya adalah thread Quora yang saya jawab beberapa waktu lalu Karena responsnya cukup bagus, saya menambahkan beberapa materi dan memposting ulang disini.

Platform Quora ini cukup menyenangkan dan saya aktif disana. Cek kesini 
untuk melihat semua jawaban yang saya tulis.

Image result for fintech indonesia
Lanskap fintech di Indonesia. Gambar dari Convergence Ventures
Continue reading “Mengapa saat ini di Indonesia, startup fintech lebih banyak dibanding startup lain”

Three Great Business Books To Start Your 2019

I cant believe how fast 2018 have been going for me. I went lot of new challenges, good thing most of them turn out quite well. In 2018, I’ve ventured into new areas at work, managed bigger team and took terrifying steps into the big financial commitment (i bought a house on mortgage). Been hell-a-lot of personal developments which was exciting and scary at the same time.

Three good books i recommend to read

Speaking of personal developments, ill share top three great books that I’ve read last year with interesting points from each. These books helped me find perspective and calmed me down during roller coaster ride. I hope this list give you ideas on what to read to start your 2019 right.

Lets go!

Continue reading “Three Great Business Books To Start Your 2019”

Three Challenges Startup Faced in Serving Indonesia’s Unbanked Population

In Indonesia, access to basic financial service such as saving and lending is a priviledge. The country with more than 250 million people has only less than 40 million recorded bank account according to World Bank. The country stands at the top of  Asia Pacific in terms of unbanked population with three quarter of total population are still outside of conventional financial system.

At glance, these statistics looks bleak. But for entrepreneurs and startups, it means massive opportunity fintech. Indonesia is currently a fintech hotbed with more than 150 startups and record-high investment of USD 57 million in 42 deals by last year alone. Half of that deals went to lending and payment startups.

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Picture of shallot sellers in Jogja, one of the many millions unbanked population in Indonesia. Photo by Andy Al Mesura on Unsplash

I work as a product and business development guy in a peer-to-peer lending startup. Our startup focus is to provide microlending to millions of unbanked and underbanked women entrepreneurs in Indonesia. In this post, i will share three challenges that i have to deal on a daily basis. The challenges will slightly skewed to lending business model but i try to make it relevant for other fintech as well.

Lets start!. Continue reading “Three Challenges Startup Faced in Serving Indonesia’s Unbanked Population”

Adapting Into My New Job in Amartha

Since coming back home to Indonesia, ive been working in a fintech startup called Amartha. Amartha is a peer-to-peer lending platform targeting unbankable populations in rural Indonesia. Inspired by Grameen Bank, loan was disbursed through group-lending mechanism and all of Amartha’s mitra (lender) is exclusively women.

My time here has been great so far, the company value resonate with me , i have a good team and im learning so much day by day. However the business model, the industry and startup environment is completely new to me hence i need jam lot of knowledge just to stay afloat.

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Amartha’s field officer (Anis) and operation analyst (Icha) was testing Amartha Go android apps for one of lender a.k.a mitra

Another thing that forced me to learn many things at once is my double role in Amartha. I am currently responsible for Amartha Go, initiatives to optimize our loan-collection process using combination of agency model and android apps. At first, I was responsible for business direction of this initiatives. However, the product manager resigned, hence i took those responsibilities. Hence not only i am managing a strategy team, i also need to manage team of developers as well.

In this post, i will share several resources which have been helpful so far in speeding up my adaptation process. Hopefully it will be useful for you as well. Continue reading “Adapting Into My New Job in Amartha”

Indonesia Fintech Industry Updates #2

Quadrupled Investment Growth On Asia Pacific Fintech Industry

In their recent report “Fintech and the evolving landscape”,  Global consulting company Accenture stated that Asia Pacific (APAC) region had a quadrupled growth in 2015 with to USD 4.3 billion. With this figure. APAC contributed almost 20% of total investment in global fintech industry (USD 22 Bio) and become the second biggest invested fintech region after North America. Most of these growths are contributed by China and India while in South East Asia, the hottest fintech hub still being lead by Singapore.

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In terms of business model, payment still reigns in a top spot for the most invested fintech business in APAC. However there is a huge surge in Insurance technology. From 2014 to 2015, Insurance Technology grow almost tripled even though the amount is still small compared to payment.  The report predicted that Insurance Technology will be the next hot battleground in APAC fintech landscape.

In this report, fintech startups were divided into two different types: Competitive and collaborative. Competitive-type challenges the established financial institutions while collaborative-type add value to the incumbent. Last year investment collaborative-type startup increased by 138 % while competitive-type only increased by 23%.

This is a good sign that going forward banks and other financial are more open to invest and collaborate with fintech startups. Trend which we already see in Indonesia right now with BCA and Mandiri leading the pack.

For more info, read the full Accenture report here.

Paypal launched fintech incubation program in Singapore

Global mammoth on online payment, PayPal has just launched fintech incubation program in Singapore. This program are opened for fintech startups in the region. Selected participant will go through nine month incubation in PayPal’s Technology Centre in Suntec City. The incubation program will include mentorship on finance and technology topics such as risk, compliance, core payment network and channel development. Participant will also given direct access to PayPal executives, external talents and also well-known industry experts.

PayPal

In order to be eligible, applicants should fulfill these criteria :

1. A fintech or technology startup
2. Have a minimum viable product (MVP) and early trial with customers
3. Armed with seed stage funding
4. Based out of Singapore or willing to relocate to Singapore

Acceptance will be judged based on team capability, business model, technology innovation and traction.

Apart from PayPal, VISA also setup strong footprint in South East Asia by opening their new Innovation Centre which also in Singapore. Align with the Accenture report, massive growth in fintech sector has been jump-starting the interest of global tech giants  to setup business in this region.

More information on this here (e27)

Gojek-Bluebird Partnership

In a surprising twist, recently Gojek has striked partnership with the Bluebird, the company they aimed to disrupt. During the press release, Head of Buebird Public Relation Teguh Wijayanto stated that this partnership improve hailing process for Bluebird. Gojek’s CEO Nadiem Makariem also said that the partnership will include technology, payment system and promotion. Currently the detail on this partnership is not yet clear. Both parties has stated that Gojek-Bluebird joint services will be revealed to public at the end of May 2015

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Focusing specifically in payment parts, this partnership will likely served as the first Go-Pay payment expansion outside Gojek own ecosystem. Considering this move and their recent GoPay campaign (50% discount  for all gojek services), Seems like Nadiem Makariem has a big ambition to dominant players in the universal payment platform going forward.

More information on this here (Kompas).