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View all search resultsAn estimated 15 percent of the country’s start-ups were “severely affected” by the global health crisis between March to May, according to Venture Capital and Startup Indonesia Association (Amvesindo).
Bank Danamon will provide loan funding through the peer-to-peer lender’s (P2P) platform, enabling SMEs to borrow with higher credit limits “as if they are applying through a bank”, Bank Danamon wrote in a statement.
According to Bank Indonesia data, funding channeled by fintech companies totals Rp 60.4 trillion, with more than 14 million borrowers, as of September. That is based on 120 fintech companies registered by the Financial Services Authority (OJK).
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