102 Peer-to-Peer (P2P) Lending Fintech Companies Obtain Licenses from the Indonesian Financial Services Authority (OJK)

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Cindy Mutia Annur 07/04/2022 15:00 WIB

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The Financial Services Authority (OJK) report shows that 102 peer-to-peer (P2P) lending fintech companies had operating licenses in Indonesia by the end of February 2022.

Number of P2P Lending Fintech Companies Licensed by the OJK (as of February 2022)

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Number of P2P Lending Fintech Companies Licensed by the OJK (as of February 2022)

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The Financial Services Authority (OJK) report shows that as of the end of February 2022, 102 peer-to-peer (P2P) lending fintech companies held operating licenses in Indonesia.

This number decreased by one company after the OJK revoked the license of PT Digital Alpha Indonesia (Uangteman).

Of these 102 fintech lending companies, 95 are conventional operators. Their total assets reached Rp4.04 trillion (approximately US$270 million) as of February 2022.

Meanwhile, 7 fintech lending companies are sharia (Islamic) operators. Their total recorded assets amounted to Rp86.99 billion (approximately US$5.8 million).

Since its first release in 2019, the OJK announced 164 fintech lending companies in Indonesia. This number has since decreased to 103 companies by the end of last year.

Among the 102 fintech lending companies licensed by the OJK are Danamas, Investree, Amartha, Modalku, TaniFund, and Findaya. Meanwhile, sharia-based fintech lending companies in Indonesia include Ammana, Alami, Dana Syariah, Duha Syariah, Qazwa, Papitupi Syariah, and Ethis.

The OJK urges all Indonesian citizens to use only licensed and registered online lending services from its institution. This is to protect the public from scams and fraudulent online lending platforms.

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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102 Peer-to-Peer (P2P) Lending Fintech Companies Obtain Licenses from the Indonesian Financial Services Authority (OJK)

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102 Peer-to-Peer (P2P) Lending Fintech Companies Obtain Licenses from the Indonesian Financial Services Authority (OJK)

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