Investors expect existing healthcare startups, fintech and e-commerce platforms to consolidate via mergers and acquisitions in 2021. Meanwhile, unicorns such as Gojek, Tokopedia, Traveloka and Bukalapak have announced their readiness for IPOs. The fintech sector is primed for consolidation partly
OJK has issued two schemes (technical guidance) for Indonesian rural banks (BPRs) and fintech P2P platforms to collaborate. The channeling scheme enables the P2P platform to be the channel or intermediary between the BPR as the institutional lender and the
While major banks focus on developing digital banks in-house, fintechs seek partnerships with rural banks (BPRs) to gain market share in digital transactions. The collaboration between fintech lending and BPRs is likely to grow, given the synergies provided by fintechs
During this raise, Gojek will become one of LinkAja’s series B preferred shareholders, with total fund commitments of >US$ 100 million. Gojek Co-CEO, Andre Soelistyo, mentioned that the investment adds payment options to its platform in addition to GoPay, which
According to research by EIU, commissioned by USAID, fintechs can play an important role in reducing the risk and cost of lending to smallholder farmers, and drive the transition to sustainable agriculture. Smallholders make up one-third of the Southeast Asian
While OJK encourages the productive growth of fintech lending, there are major concerns for misuse of the technology. With effect from 29 January 2021, the new regulation contains 108 pages concerning 9 important areas on anti-money laundering and terrorism financing
Financial Services Authority (OJK) plans to increase fintech lending for productive loans from 35.7% currently to ~60% of total loans disbursed by 2024. Consumer or personal loans currently dominate fintech lending, which have higher risk for bad debts. Productive loans
TaniFund, P2P lender for farmers, has disbursed IDR 89.2 billion through 243 projects to date. This has led to 2,500 farmers increasing their production volumes by 20%.TaniHub, parent company of TaniFund and an agricultural product marketplace, reported a whopping 639%
Financial Services Authority (OJK) shared that fintech P2P lending volume has reached IDR 155.9 trillion in 2020. OJK estimates that this will continue to grow and attract 8 million new borrowers this year. Unintended consequences of this success is the
Bank of Indonesia (BI) and Financial Services Authority (OJK) provide a regulatory sandbox for fintech startups. This is an incubation period to test the reliability of business innovations and to co-design regulation with plans to extend to health and ecommerce
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