KoinWorks may turn profitable only by 2024, says co-founder Arifin

Indonesia-based fintech startup KoinWorks expects to book a net profit only by 2024 as its new card business is still in the growth stage and hence capital intensive, according to KoinWorks co-founder Willy Arifin.

In a previous interview with DealStreetAsia, Arifin had said the company targeted to book a profit by the first quarter of 2021 after the Covid-19 pandemic drove up business as more and more people moved online for financial transactions.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter