Indonesian P2P lenders face an existential threat as COVID reshapes finance

Jakarta, Indonesia. Photo by Tom Fisk on Pexels.

Indonesia’s peer-to-peer (P2P) lending segment is in a state of flux.

Even as loan disbursements have recovered to pre-COVID levels seen in April last year, the pandemic has left a permanent scar on the sector. More than two dozen companies are no longer able to operate since the start of last year, data reviewed by DealStreetAsia show. And at least two dozen more are expected to follow this year, said industry sources.

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