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With over 250 million inhabitants, Indonesia has the world’s fourth largest population and Southeast Asia’s largest. Its youthful workforce has long been an untapped asset, but they are now taking things into their own hands. Inspired by the successes of unicorns like Go-Jek and Traveloka, more Indonesians are looking to the digital world to start their own businesses. it faces unique issues and growing pains. CompassList offers nuanced insights into the scene’s rising stars, its diverse and often fragmented markets, and how new players and investors can navigate this complex landscape.


The Big Picture
Bright Ideas
Bright Ideas


Targeting Indonesia's masses, investment platform Tanamduit offers mutual funds and governments bonds through its platform and partners.

From credit scoring to retail demand forecasting, Datanest helps companies harness the power of data science.


Irma Hidayana, one of the initiators of Indonesia Cicak anti-corruption movement, is reading a doctorate at the Teachers’ College in Columbia University. She graduated from Gadjah Mada University and has a master’s in Public Health from Montclair State University. Irma started her career as an intern consultant at UNICEF and has been a consultant for the baby food industry and IYCF in UNICEF since 2014. She has worked as an ICT consultant to expand maternal and neonatal survival projects in six Indonesian provinces since 2012. Irma was also a co-founder of the Indonesian Breastfeeding Counsellor Association IKMI.

Made Dimas Astra Wijaya was a former assistant vice president at the Bank of America Merrill Lynch. He left the bank after four years in 2015 and joined Jay Jayawijayaningtyas to set up Ahlijasa. He has an Information Systems degree from the Singapore Management University and a master’s in Computing from the National University of Singapore.


Steve Christian is the co-founder of Indonesian entertainment website Launched in 2003 with a five-member team, has grown to an over 500-employee company and merged with Fimela Network in 2014 to create the Kapan Lagi Network (KLN). KLN has a monthly readership of 40 million.

Patrick Walujo is the co-founder of Indonesian hedge fund Northstar Group. He had previously worked at Goldman, Sachs & Co. in London and New York before moving to Tokyo to join Pacific Capital Group. Ever since establishing Northstar Group in 2003, Patrick has overseen acquisitions and investments in notable Indonesian enterprises, including minimarket chain Alfamart, movie theater franchise Blitz Megaplex (now CGV Blitz after an investment from Korea's CJ CGV chain) and Equator Securities.


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