Press Release

iGrow Partners With Nikel To Channel Agriculture – Focused Loans

iGrow, an Indonesian fintech peer-to-peer lender, partners with Nikel, to channel more productive loans to agribusinesses and farmers. Nikel is a leading embedded lending technology company that connects capital to small businesses with end-to-end lending solutions for banks, alternative lenders,

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Start up News

Koinworks raised Series C funding of US$108million

Fintech lending startup, KoinWorks, received US$108 million (IDR 1.6 trillion) in Series C funding. The funding round was led by MDI Ventures, the corporate venture capital arm of Telkom Indonesia. Other participating investors are Quona Capital, Triodos Investment Management, Saison

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Fintech News

Fintech lending outlook for 2022

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%

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Macro News

World Bank forecasts Indonesian economy to grow by 5.2%

The World Bank estimates that the Indonesian economy will grow by 5.2% this year, from 2021’s estimated economic growth at 3.7%. This is due to strong domestic demand and rising commodity prices. Meanwhile, the neighbouring countries’ economic growth forecasts are

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Policy/Regulation News

OJK extends non-bank industry stimulus until 2023

The Financial Services Authority (OJK) has extended the Covid-19 stimulus policy in the Non-Bank Financial Industry (IKNB) sector, which was originally set to expire on April 17, 2022, to April 17, 2023. This policy extension includes restructuring activities by multi

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