Fintech has created huge changes in financial markets through new digital payment systems, cryptocurrencies, and online investment and data analytics platforms. This has led to a drastic growth in fintech investment globally since the 2008 financial crisis, with the US and UK being major recipients. While Indonesia has begun following this trend with the emergence of fintech lending companies like KoinWorks, e-commerce has also opened many new opportunities in Indonesia by allowing online purchases without physical interaction. Online transactions in Indonesia reached $12 billion in 2014 and are projected to grow to $60 billion, demonstrating the rise of technology-driven entrepreneurship trends in the country.

1. Smart City Jakarta
Introduction to
Entrepreneurship
Lecture 3: Entrepreneurship Trend

2. Lecture 3:
Entrepreneurship
Trend

3. Trend In International Entrepreneurship
There a huge increase interest of technology driven innovation especially in the financial
market and service. This kind of invention has made huge change in the market structure, ways
for investor obtain or use information, customer’s way on receive and use financial services and
companies way on accessing and use capitals. Fintech comes in various ranges from new digital
payment system and cryptocurrency (digital money) to online investment or finance and data
analytic, all these development is called fintech. Fintech is clearly has created a huge impact in
the traditional market in term of services (ChrisBrummer & DanielGorfine, 2014).
This proven with the drastic growth in the recent years following the financial crisis, although
the economy going downhill. The growth can be seen 2008, global invest has tripled, from $930
million to more than $3 billions especially can be seen in London, New York and Silicon Valley.
With the leading is US received 83% of global investment in 2013, however london is soon
catching up. As the recently, in UK government has take interest in the industry and over all the
global investment put in Fintech is expected to be more than $8 billions by 2018.

4. International Catch Up in Indonesia
It can be expected than soon Indonesia would follow this trend. It is evidence in some Fintech
popping out in indonesia market such as KoinWorks. KoinWork is a Fintech Lending company,
that provide online lending investment by online P2P method combined with futuristic machine
learning . This allow investor and borrower into online platform to connect the two parties
(KoinWorks , n.d.).

5. Trends In Indonesia
Doing business in internet does not need one to stare at another person whether the buyer or
the seller (Viana et al., 2017). This has allowed Ecommerce to make new opportunity either or
purchase anything from the across the bother. Distance has becoming a problem, with the
benefit of technology has created many promising opportunity. This has result in Indonesia, 7
oct 2014 online transaction has taken around US$12 miliar or 150 triliun rupiah and it can be
pressed up to 6000 triliun rupiah.

6. Reference
● ChrisBrummer & DanielGorfine, 2014. FinTech Building 21st Century ToolKit.
● KoinWorks , n.d. KoinWorks. [Online] Available at: https://koinworks.com/?locale=en
[Accessed 14 November 2018].
● Viana, E.R., Margareth, P. & Serly, 2017. Menelisik Pajak Penghasilan Atas Bisnis Online
Shop. InFestasi, 13(2).