Cutting costs? Here are some financial comparison websites in Indonesia

Financial comparison platform providers started to hit the Indonesia market in droves over the past year. Some of them started locally and expanded to other regions after a promising success in their native country.

Besides competing with other international players, these startups will face other local players in Indonesia. Here is a list of financial product comparison platforms available in the archipelago country:

1. Cermati 

Cermati is an online portal for finding and comparing financial products in Indonesia. The site’s goal is to help locals research, evaluate, and choose financial products online in an effort to save them time and money. Additionally, the firm aims to translate difficult financial jargon to a language that’s more easily understood by normal humans. Cermati recently closed a round of seed funding from East Ventures.

2. AturDuit 

This Malaysian startup expanded to Indonesia last July and is currently concentrating on strengthening its user base. Monthly active users almost tripled in April to 250,000, compared to 89,000 users in March and 50,000 in February. Available products range from car insurance, credit cards, car loans, home loans, personal loans, and soon mobile plans.

AturDuit (formerly iMoney) raised US$500,000 in seed funding from Asia Venture Group (AVG) in June last year and raised another US$2 million in a series A funding round last October. Soon after the first funding round, the startup expanded beyond Malaysia to other countries including Singapore, the Philippines, Thailand, and Hong Kong (under the name BestMoney).

3. HaloMoney Indonesia

HaloMoney is Malaysia-based financial comparison startup that expanded to the Indonesian market. CompareAsia Group, a venture of technology investment firm Nova Founders, launched the startup in February to help Indonesians compare credit cards, home loans, bank deposits, internet plans, and insurance policies. The startup is set to focus on grabbing as many reliable partners as possible in the early stage to provide the most available options to its users in Indonesia.

CompareAsia Group initially launched Malaysia’s CompareHero, followed by MoneyHero in Hong Kong, MoneyGuru in Thailand, and MoneyMax in the Philippines.

4. RajaPremi

5. KreditAja

6. Money Minimart

7. Banding

8. CekAja