tokopedia

FinanceAsia is showcasing the entrepreneurs who are leading the wave of technological disruption across the region. Here we look at Indonesia.

Forge the right partnerships and cut unit economics to the minimum says CEO Jason Thompson at Lippo- and Grab-backed payments app Ovo.

The Lippo and Grab-backed startup, last valued at about $2.9 billion, is riding Indonesia’s cashless payments wave to bring merchants and financial institutions timely consumer insights. Ovo’s CEO Jason Thompson sees a fresh fundraising drive next year to support growth.

Fierce competition between Lazada, Shopee, Tokopedia and Bukalapak is driving up costs and accelerating consolidation. Chinese buyers are staking their turf.

Two out of the country’s four unicorns are preparing to list. The question is how, when and where?