Reinier Musters the CEO of Nikel joins Indo Tekno Podcast to review the latest breakthroughs in online SME lending in Indonesia, including critical improvements in credit scoring. Nikel, a company that Reinier founded in early 2019, has championed “embedded lending”, a turnkey
There has been interest from fintech P2P lenders to acquire banks, as part of their efforts to increase share of MSME lending in Indonesia. Most recently, P2P fintech, Amarta, was reportedly in talks to acquire Bank Victoria Syariah by taking
Delayed instalment repayment of goods from point-of-purchase, or Buy-now-pay-later (BNPL) scheme has been growing fast since the beginning of Covid-19 pandemic. For example, Kredivo company works with major e-commerces in Indonesia, and has ~50% of the wallet share of transactions
The Katadata Insight Center (KIC) and Zigi survey showed that the buy-now-pay-later credit product is gaining traction among the consumer segments: Generation Z and Millennials (age below 40). The popular product categories are fashion, credit balance top-up, and gadgets. Based
Latest OJK data revealed that there are only 103 licensed fintech lenders in Indonesia. Despite the decline in the number of fintech lenders, the industry’s credit disbursement has reached US$ ~908 million (IDR 12.97 trillion) as of November 2021, 51%
Digital banks, Bank Jago and Bank Neo Commerce, plan to launch loan products directly through their platform. Executive Director of the Indonesian Fintech Association (AFPI), Kuseryansah said, fintech peer-to-peer lenders do not consider digital banks as competitors, but as collaborators.
There has been an increase in partnerships between peer-to-peers (P2P) and rural banks (BPRs), in line with OJK’s recent guidelines for cooperation between the two market actors to lend to MSMEs. Amartha, P2P, has recently partnered with BPR Hariarta Sedana
Flip is an Indonesia fintech that offers consumer payment services, and facilitates reliable transactions from anywhere to anyone. The Series B investment round was led by Sequoia Capital India, Insight Partners, and Insignia Ventures Partners. Some of Flip’s products are
Online credit platform company, Kredivo, is optimistic for the consumer facing buy now pay later (“PayLater”) product to gain more traction next year. Indonesia’s consumer behaviour has become increasingly digitized, with more consumers expecting seamless experience when making purchases. There
With increased competition to become the leading digital bank in Indonesia, banks are choosing to target existing digital ecosystems and increase customer acquisition for products such as savings, transaction services, and loans. BCA Digital, for example, has partnered with Blibli,
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