ACFS is grateful that the report Cultivating Growth: The 2nd Asia-Pacific Region Alternative Finance Industry Report has been made available in Indonesian, thanks to the support of OJK and DFAT. The Indonesian report was launched at OJK, Indonesia, on October 31st, 2017 by Professor Edward Buckingham.
The study surveyed over 500 Alt-Fi companies across the Asia-Pacific, some of which were based in Indonesia. On a country-by-country basis, Indonesia reported one of the highest rates of market growth of any country in the entire Asia Pacific region. Despite modest year-on-year average growth of 15% in the three years preceding it, 2016 proved to be a watershed year for alternative finance activity, with a total of US$35.35 million raised. Up from US$2.26 million in 2015, Indonesia’s growth from 2015 to 2016 was greater than that of any other nation in the Asia Pacific – a remarkable 1462%.