Indonesian peer-to-peer (P2P) fintech lender Investree has managed to keep its head above water despite the turmoil caused by COVID-19.
While the impact of the pandemic on borrowers’ incomes led to an increase in non-performing loans (NPLs) for the fintech industry as a whole this year, Investree’s share of bad loans has been stable. In September 2020, its NPLs stood at 1.19 per cent of the overall loan book, only marginally up from 1 per cent in September 2019.
