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View all search resultsChief strategy officer Natalia Rialucky “Ria” Marsudi said the license would make the company “more confident” in partnering with state-owned enterprises (SOE), region-owned enterprises (BUMD) and other fintech companies to acquire more farmers.
Financial Services Authority (OJK) data showed that last year, only Rp 32.52 trillion (US$2.25 billion) or 15 percent of P2P loan disbursements went to borrowers outside of Java, signaling a wide untapped market on other Indonesian islands.
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.
Peer-to-peer lender Modalku plans to expand its funding portfolio to include social commerce amid the rising usage of e-commerce and messaging platforms by small and medium enterprises (SMEs) during the pandemic.
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