Indonesia’s tech billionaires eye Singapore for family offices

INDONESIA’S newly-minted tech billionaires are beginning to diversify their wealth and are increasingly looking to Singapore to set up family offices and seek new investment opportunities.

While Indonesia’s traditional family-owned businesses have long established a presence in the city-state, the country’s growing number of technopreneurs are now joining this exclusive club.

South-east Asia’s largest economy has produced 13 unicorns over the past decade, including start-ups such as Gojek, Tokopedia, Bukalapak, OVO and Traveloka.