INNOVATION AT YOUR FINGERTIPS
Updated: 04/2017
CekAja
Indonesia / Jakarta , Indonesia
Pitch
CekAja is more than just a price comparison website. Using Big Data analytics, CekAja offers end-to-end financial and insurance services to consumers.
Why
Underdeveloped insurance market
Indonesia is potentially a huge market for insurance providers due to increasing middle-class population.
Lack of security online
Many people still have trust issues regarding online financial transactions.
Complex credit application process
Lengthy processing of documentation needed by law often deters consumers from applying for loans online.
Market
$14.5 billion
The estimated total value of fintech transactions during 2016 in Indonesia, which is expected to grow as more players enter the market.
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