Investree, an online lender based in Indonesia, has raised $10 million that will be utilized to provide services to SMEs. The funding came from responsAbility Investments, an asset manager from Switzerland that focuses exclusively on sustainable investment. Additionally, Accial Capital, a tech-enabled investor in fintech… Read More
The Indonesian Fintech Lenders Association (AFPI) has reportedly decided to establish a special task force to assist peer-to-peer (P2P) Fintech companies with the significant increase in bad loans – which may have resulted from the socioeconomic challenges created due to the Coronavirus crisis. Adrian Gunadi,… Read More
Indonesia’s Fintech Lenders Association (AFPI) has reportedly offered to help with disbursing funds that have been allocated to the country’s national economic recovery program (PEN). As first reported by the Jakarta Post, the Indonesian government has been struggling to obtain the data required to provide… Read More
Borrowers that use Indonesia’s peer to peer (P2P) lending platform Investree, which mainly includes local SMEs, had reported a considerable increase in their earnings. They were also able to better scale their business operations after obtaining loans from Investree, according to a recent study conducted… Read More
Economic activity in Indonesia has slowed down significantly following the deadly Coronavirus (COVID-19) outbreak. According to local reports, some businesses in the trillion-dollar economy have shut down completely. Peer to peer (P2P) lending platforms are also experiencing major challenges, which include having to deal with… Read More
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