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Companies 4 months ago
PREMIUM
Jakarta prosecutors detain three in $35m KoinWorks graft probe
Authorities allege the executives of PT Lunaria Annua Teknologi (LAT), the operator of KoinWorks, manipulated collateral documents and falsified trade invoices to secure massive loans from state-owned lender BRI.
Business 5 years ago
Indonesian P2P platforms optimistic about 2021 amid growing users, disbursement
P2P lending platform KoinWorks COO Bernard Arifin said that while the company had experienced a decline in loan requests during the first large-scale social restrictions (PSBB) period from March to July, it had enjoyed an increase in loan requests nearing the end of the year.
Business 6 years ago
Lifestyle, lack of tech adoption, impediments to Indonesia's financial literacy
The lifestyle-driven spending habits of millennials, as well as the general public’s slow adoption of technological developments in finance, are among the challenges to increasing financial literacy in Indonesia, fintech players have stated.
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