Fintech P2P Lending Funding Reaches Rp40 Trillion in May 2022

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Cindy Mutia Annur 12/07/2022 14:20 WIB

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According to the Financial Services Authority's report, funding through P2P lending fintech has shown significant growth over the past five years.

Funding Value Through Fintech P2P Lending (2018-2022*)

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Funding Value Through Fintech P2P Lending (2018-2022*)

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According to a report by the Financial Services Authority (OJK), funding through peer-to-peer (P2P) lending fintech has grown significantly in the last five years.

In 2018, funding through fintech lending reached only Rp 5.04 trillion. In subsequent years, the amount continued to rise, reaching Rp 29.88 trillion in 2021.

As of May 2022, funding has reached Rp 40.17 trillion. Compared to 2018, this figure has grown by approximately 697%.

Outstanding funds or funding still circulating as of May 2022 are concentrated on Java Island, amounting to Rp 32.38 trillion. Outside Java, the amount is Rp 7.78 trillion.

Editor : Adi Ahdiat

"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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Fintech P2P Lending Funding Reaches Rp40 Trillion in May 2022

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