May 2026
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Largest FinTech Public Companies in Indonesia
Benchmark revenue and EBITDA valuation multiples for public comps like
Sinar Mas Multiartha, Superbank Indonesia, Bank Jago, Indokripto Koin Semesta and Amar Bank.
 | PT Sinar Mas Multiartha Tbk provides an integrated and comprehensive range of financial services in Indonesia. The company is engaged in insurance underwriting, consumer financing, factoring of accounts, securities administration, securities brokerage, investment management, banking, development, Information technology, trading, and other related services. It is also involved in the auction house, property, health clinic, and workshop activities. | $1 | +10% | $7B | $7B | 4.5x | — | ||
| PT Super Bank Indonesia Tbk is a bank in Indonesia that provides digital banking services. It offers digital solutions for a range of customer segments, including underbanked and unbanked communities and micro, small, and medium enterprises (MSMEs). The company offers a variety of digital banking solutions through the Superbank, Grab, and OVO applications, including savings accounts, digital loans, and easy-to-use payment solutions. | $0 | -- | $2B | $2B | 17.7x | — | ||
| PT Bank Jago Tbk is an Indonesia-based banking company. It offers various banking products and services that are categorized into funding and lending activities, along with other supporting banking services. Its funding activities are Saving & Spending Pockets, Locked Pockets, Shared Pockets, Giveaway pockets, and others. Its Lending activities are a technology-based bank that serves the small and medium enterprises segment, Retail segment, and mass market segment. Its operating segments are Outside Jakarta and DKI Jakarta. | $0 | -41% | $886M | $985M | 5.7x | — | ||
| PT Indokripto Koin Semesta Tbk is a holding company that invests in Subsidiaries engaged in the Futures Exchange and Crypto Asset Exchange. In addition, the Company also provides management consulting services to Subsidiaries such as business planning, business and investment strategies, company operational management and corporate financial consulting. | $0 | -- | $695M | $676M | 42.0x | 84.7x | ||
| PT Bank Amar Indonesia Tbk is engaged in providing banking activities. The company's operating segments include Online, Brick and Mortar, and Head Office. It generates maximum revenue from the Online segment. The Online segment comprises activities related to digital products and services. Its brick-and-mortar segment comprises activities related to conventional banking products and services. The Head Office segment comprises treasury and other activities. Some of its products include Aster Savings, Amar Dana Savings, Amar Cemerlang Savings, Amar Term Savings, Employee Savings, Term Deposit, On-Call Deposit, and Amar Current Account. | $0 | +12% | $199M | $196M | 2.0x | — | ||
| PT MNC Kapital Indonesia Tbk along with its subsidiaries provides integrated financial services. It has created an integrated digital financial ecosystem comprising three main business groups: Banking, Capital Market, and Insurance. The company derives majority of revenue from Banking sector which provides full-service banking for individuals, MSMES, and wholesale banking customers. The banking also offers seamless biometric onboarding, QRIS payments, advanced features like split bills, e-Money top-ups, virtual credit cards, online time deposits, client fund accounts, and in-app biller payments. | $0 | -11% | $121M | ($71M) | (0.3x) | (0.8x) | ||
| Median | $0 | 0% | $790M | $830M | 5.1x | 41.9x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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