The first reason why I decided to dive deep into the fintech world is the variety of ways that this sector offers a user-friendly experience. It’s obvious that technologies undoubtedly have an impact across all aspects of our lives.
Primarily, we feel this impact through the improvement in the quality of services provided by businesses that we interact with on a daily basis. However, certain technologies remain beyond the scope of the average user’s awareness, even though they propel companies to new heights.
Let’s review how financial technologies are enhancing the world right here and now.
B2C
The most well-known fintech initiatives are concentrated precisely within this sector. Banking applications, various payment methods, electronic wallets – these technologies are good and helpful, but it’s hard to surprise anyone with FaceID payments or instant money transfers nowadays.
I want to introduce you to more niche yet equally valuable projects.
Skorlife
The Skorlife application displays users’ credit scores and reports sourced from Indonesia’s credit bureaus. It offers tailored recommendations to enhance their credit rating and protect themselves against identity theft.
For example, the app sends reminders for bill payments, suggests methods to enhance their credit portfolio, and emphasizes the importance of maintaining a healthy credit history duration.
Additionally, the app incorporates an Identity Monitoring function that promptly notifies users about any attempts to exploit their identity for loan applications.
IVITECH.Drive
IVITECH provides daily subscriptions for electric bikes and supports Indonesian ride-hailing drivers. Many Indonesian drivers use outdated and unsafe bikes, they can’t work every day due to frequent bike repairs.
This not only affects their income but also poses risks to their safety and the safety of their passengers. IVITECH aims to provide these drivers with access to safe and reliable electric bikes, helping to reduce air pollution and improve air quality in Jakarta.
Also Read: Empowering Indonesia with fintech: Dede Suherman’s journey
Ajaib
Ajaib is the perfect example of financial technology enterprises and fintech offerings that are oriented towards the younger generation. The application is designed to streamline online investments for millennials, enabling them to invest conveniently and swiftly.
Ajaib serves as a facilitator for inexperienced investors, particularly young individuals who are new to capital market investments, such as mutual funds. The platform offers the convenience of initiating investments with as little as Rp. 10,000.
Ajaib is cooperating with several renowned investment management firms, including Syailendra, Prospera, and Ciptadana, among others.
B2B
We can definitely notice that services have improved their work in recent years. But most of the time, we don’t see how and why because they are using specific tools for business that are hidden from the public eye. I
am very proud to share the market with projects that aim to make business easy and affordable for everyone. Here are just some of them.
OnlinePajak
OnlinePajak is a fintech company in Indonesia in the form of an application that makes it easy for business people to make transactions, manage payroll, and perform tax obligations such as calculating, depositing, and reporting corporate taxes.
With blockchain technology, this startup facilitates tax payments for individuals. Users can access complimentary tax management features alongside premium options like payroll and invoicing.
Crowde
Crowde is developing its peer-to-peer lending platform aimed at assisting farmers in securing the necessary working capital. The company runs a crowdfunding platform that connects farmers with individual investors, facilitating the acquisition of capital for agricultural endeavours. This empowers farmers to gather funds while offering investors diverse investment alternatives.
The future tool to make us happy
Therefore, we can deduce that for the B2C sector, fintech stands as one of the socially significant tools, actively aiding clients in resolving financial issues. On the other hand, for the B2B realm, it is one of the simplest and most effective methods to fortify a business and enhance its profitability.
Based on these examples, we can see that sometimes we don’t even know how much easier our life and work can be. I have no doubts that in the upcoming years, we will witness many other commendable initiatives that will contribute to our prosperity.
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