OVO Claims It's Now Indonesia's Largest Fintech Ecosystem

... OVO later expanded to other financial services, including peer-to-peer (P2P) lending, investment, insurance ... The app now offers P2P lending with Taralite which has recently ... up with insurance company Prudential to promote insurance inclusion. Those ...

KoinWorks Relaxes Loan Repayment for Businesses Hit by Covid-19

... Indonesia's leading peer-to-peer fintech lending companies KoinWorks is ... said. Borrowers need to provide proof that their ... to grow their business, including by making use of P2P fintech lending ... platforms as an alternative to bank loans ...

KoinWorks Closes Deal on $20m Funding Round Amid Covid-19 Pandemic

... of Indonesia's largest peer-to-peer lending company KoinWorks, has secured ... Monday. "KoinWorks continues to stand together with many ... "We are very pleased to have new and internationally ... proven banking techniques to maintain its lending quality during the ...

2020 Is Our Year: Koinworks

... for the tech company's peer-to-peer lending service. Lunaria, more commonly known ... made inroads in Indonesia's peer-to-peer lending industry. They target borrowers who ... from banks. Outstanding loans at peer-to-peer lending companies were up 160 percent ...

Simpler Regulations Will Help Indonesia's Still-Growing Startup Ecosystem

... effort from the government to improve the business climate ... for a foreign company to establish itself in Indonesia, ... regulations, investing in education to create better talents will ... . Trzcinski-Clement singled out peer-to-peer lending, saying he had tried ...

BCA Joins Forces With Modalku to Tap MSME Market

... Grup, the company behind digital peer-to-peer lending Modalku, to penetrate the micro, small ... Modalku should allow BCA to provide more lending for micro-businesses in ... loan disbursement in the period. Peer-to-peer lending platforms like Modalku, or rivals ...

KoinWorks Signs Deal With Ministry, Focuses on SME Lending

Jakarta. Indonesian peer-to-peer lender KoinWorks is set to partner with the Cooperatives ... the ministry, to provide training, mentoring and access to lending to around 4, ... lenders and borrowers. Aside from peer-to-peer lending, the fintech company also offers ...

Garuda Drops Plan to Issue Islamic Bonds

... has dropped a plan to issue dollar-denominated Islamic ... $500 million from a peer-to-peer lending scheme. Garuda's acting ... other funding alternatives to realize its goal to refinance debts due ... projection since the company has to account for new setbacks, ...

Sinar Mas-Backed Venture Capital EV Growth Closes $250m Funding Round

... service Shopback and Indonesian peer-to-peer lending Koinworks. Four out of ... Wilson said the company plans to invest $325 million in ... "We are strongly committed to East Ventures and look forward ... to working together with them to achieve greater ...

Garuda to Issue $900m in Global Bonds in 2020 to Restructure Debts

... Indonesia is seeking to raise up to $900 million from ... bonds, private placement or peer-to-peer lending next year. Garuda needs ... million. The cap for its peer-to-peer lending is $500 million. The ... transactions are subject to approval from the Financial ...