There’s been a significant uptick in news about the Financial Technology sector, known as FinTech. It's crucial to stay informed! Here’s the latest on the FinTech and Peer-to-Peer (P2P) lending industry in Indonesia. Let’s dive in!
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The Fin-Tech and Start-Up industries have been in the spotlight for the past few years. It is estimated that from 2018 to 2024, Fin-Tech and Start-Ups in Indonesia will be in the public spotlight. Of course, when discussing them, they are closely related to the country's business and economy.
Did you know that Indonesia is on the list of the six largest Start-Up industries in the world? As conveyed and discussed on Coach Tom's account on his YouTube channel, in 2025, Coach Tom will explain some of the latest information regarding Indonesia's financial and start-up industries at the beginning of this year.
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“What is P2P Lending? P2P lending is a financial service that brings together lenders and borrowers online. P2P lending is also known as fintech joint funding. P2P lending allows individuals to lend or borrow money without going through a bank. P2P lending is regulated by the Financial Services Authority (OJK)." -- Source by OJK (Otoritas Jasa Keuangan)
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So, what business sectors will be affected? And, what about other businesses? If you have a business and currently manage it with a funding system from the Fin-Tech/P2P funding system, then you must be aware and start trying to make your business run independently. Why? It has been heard that several Fin-Tech or P2P lending companies are experiencing conditions and ecosystems that are not good enough.
This will sooner or later impact any business and in all sectors if your business uses a funding system from Fin-Tech/P2P Lending, both Macro and MSME businesses. There are quite a few issues recorded that there are tens of thousands of MSMEs that receive funding from the Fin-Tech/P2P Lending industry. For more details and completeness, you can watch Coach Tom's video below.
Video source by Coach Tom (Tom McILFE)
Now, with this bad news, let's re-evaluate early on whether your business is healthy enough in the dynamics that have occurred this year. How about your company's financial condition? No matter how good or bad your business funding is, if you need capital or funding, try to think again when deciding to choose a Fin-Tech/P2P Lending partner. Look for a credible one with a good portfolio and a scheme that can benefit your business.
Be wiser in choosing a financial partner, and don't be easily tempted by a funding scheme offered. Try to discuss, collaborate, and cooperate with colleagues/partners you already trust, and avoid sectoral egos toward colleagues or partners. Growing together with partners you already trust will be much better than making the wrong decision.
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Running and managing a business will certainly be closely related to finance. To get profit or returns, of course, there will be some sacrifices that must be made by every entrepreneur. Being open-minded, logical, and objective when seeing and evaluating your business are the keys. This way, the business can continue to run and develop step by step. Come on, be wiser in doing business, determine partners who can drive your business, and evaluate it.
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Determine targets, set budgets, and try to work with partners you already trust who have a clear track record. In addition, you also have to be more careful and alert to the turmoil and dynamics of the global economy, which is full of uncertainty in 2025. Let's align & shine together with Alinear Indonesia!
