With the crypto industry riding on tailwinds, local exchanges have joined the fray.

E-commerce, fintech, and edtech were the most funded verticals in the past 18 months.

After launching RedDoorz in 2015 and failing in 2019 with another hospitality startup in New York, Singhi is currently leading a cloud kitchen firm called DishServe in Indonesia.

Thailand has similar agreements with Vietnam, Malaysia, Cambodia, and Singapore.

Overall sales for smartphones grew 49% compared to the same period last year, as they are used for essential activities like home-based learning and electronic payments.

Cloud kitchens are expected to represent a 15% share of the overall Indonesian online food delivery industry GMV by the end of 2021.

There may be legal consequences for any entity that engages in marketing activities with the intention to influence other parties to buy, sell, and hold financial securities.

As investment interest has risen in Indonesia, illegal fintech platforms are preying on vulnerable victims.