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Member News: MEKAR has been awarded "Best P2P platform of Indonesia"

MEKAR, an online platform for funding Indonesian MSME loans, was recognised as the Best P2P Platform in Indonesia at the Global Wealth and Society Awards 2019.

MEKAR’s CEO Pandu Aditya Kristy received the award on behalf of the company in a glittering ceremony at the JW Marriott Hotel, Jakarta, yesterday (22/08/19).  “As per Based on our impact in Indonesia, loan safety, and more. Well done to Mekar's team and our Lending Partners financing women's businesses”, said Thierry Sanders, Co-Founder of Mekar.

Member News: Dana, AntFinancial-Backed Startup, Rides Indonesian Fintech Wave

Dana, the fintech startup backed by Ant Financial in Indonesia, is scouting for another strategic investor to help it snag more of the nation’s 150 million smartphone users. Dana is one of several digital wallets outside of China that Ant’s backed, as the funds-to-finance titan tries to forge a global payments network. 


 

KPMG Report: Top 10 Players in the Fast Growing Peer to-Peer (P2P) Lending Sector

KPMG Indonesia published its inaugural edition of The Fintech Edge. The first edition of the report focuses on the Top 10 players in the fast growing Peerto-Peer (P2P) lending sector. KMPG notes, that it is important the P2P players can demonstrate the right balance between protecting the lender through a strong risk management framework, good level of transparency on loans and high service levels for both lenders and borrowers. This will help ensure sustainability for the players and viable market where digital trust can be established. 

Leveraging Fintech to Achieve Financial Inclusion in Indonesia

“Fintech” – an intersection of financial services and technology – is taking the traditional financial world by storm. Indonesia is no exception, with a fast-evolving ecosystem that includes a host of financial services offered by new generation fintechs. Indonesia is the fourth largest mobile market in the world with 339.9 million connections – a SIM penetration of 131%!

SME and Entrepreneurship Policy in Indonesia 2018

The Organization for Economic Cooperation and Development (OECD) published a study examining the role SMEs play in economic growth and social inclusion in Indonesia. 

Data from the Ministry of Co-operatives and SMEs revealed, Indonesian SMEs account for 97 percent of domestic employment and 56 percent of total business investment. 

The report analyzes the policy measures in place for SMEs by the government in Indonesia and emphasizes paying stronger attention to future measures that foster “firm-level productivity” through increased innovation activity in SMEs. 

$6 Billion Financing Gap Holds Back Indonesian Women Entrepreneurs

Women entrepreneurs across the developing world often face the same roadblock: lack of capital.

Without access to finance, women are excluded from full and productive participation in the global economy. A growing number of Asian countries, however, are taking steps to ease the process—but significant hurdles still remain to improving women’s access to finance.

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