Fintech Lending Business - Economy - magz.tempo.co

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Dark Clouds over Online Credit Business

Monday, May 13, 2024

The fintech lending business is increasingly losing steam. Returns continue to decline while fund owners are opting for other investment portfolios.

Amartha Mikro Fintek office in Jakarta. TEMPO Doc./Nurdiansah. tempo : 178114175480.

DIMAS Setya Nugroho is trying to save his remaining funds in several financial technology or fintech lending companies. It has been four years since the 33-year-old man invested more than half of his investment funds in the online application-based lending service. As a lender, Dimas has three accounts in three fintech lending companies with an investment of Rp80 million (around US$5,000)

When speaking to Tempo, Wednesday, May 8, Dimas said that

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