Failed 2023
Halofina (Wind-Down)
Indonesian financial-planning app Halofina shut down in 2023 — a representative example of smaller Indonesian fintech apps failing to reach scale.
Founded → Closed
2018 → 2023
Funding Raised
$3M
Industry
Fintech/Wealth
Country
Indonesia
Full Analysis
Jakarta-based Halofina was a personal-finance and investing app for Indonesian retail users. After raising ~US$3M, the company failed to reach standalone scale against larger competitors and shut down operations in 2023.
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