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Competition Benchmarking: Indonesia Peer-to-Peer Lending Market Outlook to 2024

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The report titled “Competition Benchmarking: Indonesia Peer-to-Peer Lending Market Outlook to 2024” provides a comprehensive analysis of Indonesia Peer-to-Peer Lending platform operators. The report covers various aspects including market overview, value chain analysis, market evolution, the market size of Peer-to-Peer Lending platforms on the basis of loans disbursed and market segmentation by location of loans disbursed in and outside Java, regulatory framework impacting the Indonesia market and competitive landscape. The report concludes with market projections for future and analyst recommendations highlighting the major opportunities and cautions for Indonesia Peer-to-Peer lending market.

Indonesia Peer-to-Peer Lending Market Overview
The Indonesia Peer-to-Peer lending market was observed to be at a nascent stage since the market was established in 2016 driven by a need to serve the under-banked and underserved businesses and customers in the remote regions of Indonesia. The regulations brought out by the Indonesian Financial Services Authority in 2016 outlined the operational and financial requirements for Peer-to-Peer lending platforms to operate. The market is fragmented with more than 100 platform operators currently registered with the OJK. The improvements in technology and internet connectivity will drive more platforms to establish and reach more customers.

Indonesia Peer-to-Peer Lending Market Size
Indonesia Peer-to-Peer Lending market size has seen major growth since its inception in 2016. The improvement in credit assessment techniques and the use of Artificial Intelligence and Machine learning techniques has driven the increase in borrower base due to more approvals. The Non-performing loans have also been at par with the Indonesian banks and in some cases lower. The number of platform operators has also nearly doubled every year and is poised to grow similarly in the future.
The types of loans disbursed by these platforms are Working Capital loans, Consumptive loans, and Investment loans. Working capital loans occupy the major share for the type of loans since these loans are mostly disbursed to MSMEs.

Indonesia Peer-to-Peer Lending Market Segmentation

By Location of Loan Disbursed (Inside Java and Outside Java)
Loans disbursed inside Java dominated the Indonesia Peer-to-Peer lending market in 2018. Presence of established internet and mobile phone penetration in Java drove the loan disbursement in Java to be higher than outside Java.

Comparative Landscape in Indonesia Peer-to-Peer Lending Market
The Peer-to-Peer lending market in Indonesia was observed to be fragmented with the presence of a few international players from countries like China, Malaysia, and Singapore. It is relatively easier to enter into the Indonesian market as OJK has laid out guidelines to establish and operate. OJK also tests the operational reliability of the platforms for fraud susceptibility and platform failures due to technology. Investree, Modalku, and Koinworks were one of the first companies to gain OJK license and operate in Indonesia. Platforms compete with each other on parameters such as total loans disbursed, loans outstanding, Non-performing loans, and borrower and lenders registered on their platforms.

Indonesia Peer-to-Peer Lending Market Future Outlook and Projections
It is further estimated that the Indonesia Peer-to-Peer lending market in terms of total loans disbursed will register a high CAGR growth for the period 2019-2024. The market is forecasted to grow owing to increased mobile phone and internet penetration to remote areas, increased financial and digital literacy, increase in e-commerce activity leading to more vendors opting for working capital loans, an influx of more operating platforms and greater partnerships of platforms with institutional investors such as banks and financial institutions.

Key Segments Covered

By Location of Loan Disbursed
  • Inside Java
  • Outside Java
Key Target Audience
  • Existing Peer-to-Peer Lending Platforms
  • New Market Entrants- Domestic Platforms
  • New Market Entrants- International Platforms
  • Banks and Financial Institutions
  • Government Bodies
  • Investors & Venture Capital Firms
  • Third-Party Technology Providers
  • MSMEs and E-commerce Sellers
Time Period Captured in the Report:
  • Historical Period: 2016 -2018
  • Forecast Period: 2019-2024
Companies Covered:
  • Investree
  • Modalku
  • Koinworks
  • Danamas
  • Mekar
  • Crowde
  • Crowdo
  • Akseleran
  • Aktivaku
  • Amartha
Key Topics Covered in the Report
  • Indonesia Peer-to-Peer Lending Market Value Chain Analysis
  • Indonesia Peer-to-Peer Lending Market Overview
  • Indonesia Peer-to-Peer Lending Market Ecosystem
  • Indonesia Peer-to-Peer Lending Market Future and Projections
  • Regulatory Framework in Indonesia Peer-to-Peer Lending Market
  • Issues and Challenges in Indonesia Peer-to-Peer Lending Market
  • Competitive Landscape in Indonesia Peer-to-Peer Lending Market
  • Analyst Recommendations
  • Case Study for Successful P2P Lending Startup
  • Case Study for Failure P2P Lending Startup in Indonesia
READ MORE

Table Of Content

Scope

 

1.              Executive Summary

Indonesia Peer-to-Peer Lending Market Overview and Size

Market Segmentation

Competition Scenario

Indonesia Peer-to-Peer Lending Regulations

Indonesia Peer-to-Peer Lending Future and projections

2.              Research Methodology

2.1.          Market Definitions

2.2.          Abbreviations

2.3.          Market Size and Modeling

Approach – Market Sizing

Limitations

3.              Indonesia Economy Overview

3.1.          Evolution of Banking in Indonesia

3.2.          Structure of Banking System in Indonesia

Types of Banks in Indonesia

Credit Disbursal Scenario in Indonesia

4.              Value Chain Analysis (Operating Model, Process Flow, Pros and Cons, Challenges Faced and Solutions)

5.              Indonesia Peer-to-Peer Lending Market Ecosystem

6.              Indonesia Peer-to-Peer Lending Market Overview

Key Takeaways from Indonesia Peer-to-Peer Lending Industry

Reasons for Emergence of Peer-to-Peer Lending

Fintech Landscape in Indonesia

7.              Government Regulations

Financial Services Authority, OJK

Comparison of Regulation between Indonesia and India

8.              Issues and Challenges

Limited Access to Credit History Database

Funds Transfer and misuse

Bases 3, Banks and Peer-to-Peer Loans

Illegal Peer-to-Peer Lending Operators

Legal Issues Related to Fintech

Fails to Solve Financial Inclusion Concerns

Adverse Selection

Long Term Lending

9.              Cross Comparison of Indonesia Peer-to-Peer Lending Platforms and Banks

10.            Indonesia Peer-to-Peer Lending Market Size, 2016-2018

10.1.        Indonesia Peer-to-Peer Lending Market Segmentation by Disbursement, 2018

11.            Competition Stage, Major Players, Competitive Trends and Competition Parameters

Strength and Weakness of Major Players (Koinworks, Investree, Modalku, Amartha, Akseleran, Crowde, Crowdo, Danamas, and Aktivaku)

Market Share of Major P2P Lending Platforms by Loan Disbursed, 2018

Heat Map of P2P Lending Platforms by Presence in Personal Loans, Term Loans, Invoice Financing, Buyer Financing, Collateral, Bond Issue, SE Asia Presence, Sharia Financing

Cross Comparison between P2P Lending Players (Loan Disbursed, Business Model, Number of Lenders, Borrowers, NPL, Average Loan Amount, Investors, Fund Raised), 2018

12.            Company Profiles (Company Synopsis, Business Strategy, USP, Lenders and Borrower Profile and Employee Headcount, Business Model, Number of Loans, Amount Disbursed, NPL, Commission Income, Investor Return, Average Loan Duration)

12.1.        Modalku

12.2.        Danamas

12.3.        Investree

12.4.        Koinworks

12.5.        Crowde

12.6.        Amartha

12.7.        Crowdo

12.8.        Akseleran

12.9.        Mekar

12.10.      Aktivaku

13.            Indonesia Peer to Peer Lending Market Future Outlook and Projections, 2019E-2024E

Key Takeaways from Indonesia Peer-to-Peer Lending Industry

Future Ecosystem Interactions

14.            Analyst Recommendations in Indonesia Peer to Peer Lending Market

14.1.        Success Case Study - Faircent

14.2.        Failure Case Study – Lending Club

Disclaimer

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List Of Figure

Figure 3‑1: Annual Estimates of GDP at Current Price in IDR Trillion and Growth Rate in Percentage (%), CY’2012-CY’2018

Figure 3‑2: Number of Households that have Access to Internet in Indonesia in Thousands (‘000), CY‘2013-CY’2018

Figure 4‑1: Value Chain Analysis of Indonesia Peer-to-Peer Lending Market and Commission Margin Involved

Figure 4‑2: Process Flow Diagram for Indonesia Peer-to-Peer Lending Industry

Figure 5‑1: Ecosystem of Indonesia Peer-to-Peer Lending Market including Lenders, Platforms, Partners and Borrowers

Figure 6‑1: Business Cycle Analysis of Indonesia Peer-to-Peer Lending Industry including Emerging Phase, Growth Phase and Maturity Phase

Figure 6‑2: Lender Segmentation in Indonesia Peer-to-Peer Lending industry including Lenders in and Outside Indonesia, 2018

Figure 10‑1: Total Loan Disbursed by Peer-to-Peer Lending Platforms in IDR Billion in Indonesia, 2016-2018

Figure 10‑2: Total Number of Borrowers Registered on all Peer-to-Peer Lending Platforms in Thousands in Indonesia, 2016-2018

Figure 10‑3: Total Number of Lenders Registered on all Peer-to-Peer Lending Platforms in Thousands in Indonesia, 2016-2018

Figure 12‑1: Modalku Total Loans Disbursed in IDR Billion for the period, CY’2015-CY’2019(April)

Figure 12‑2: Total Approved Loans on Modalku Platform, 2015-2019(July)

Figure 12‑3: Modalku Loan Disbursement by End-User Economic Sector on the Basis of Loan Disbursement in Percentage (%), CY’2019

Figure 12‑4: Loans Disbursed on Danamas Platform in IDR Billion for the Period 2016-2018

Figure 12‑5: Investree Loans Disbursed in IDR Billion, CY’2016-CY’2019

Figure 12‑6: Loan Disbursed by Koinworks in IDR Billion in Indonesia, 2016-2019(April)

Figure 12‑7: Amartha Loan Disbursed in IDR Billion in Indonesia for the period CY’2017-CY’2019

Figure 12‑8: Crowdo Annual Loan Disbursement in IDR Billion in Indonesia, CY’2015-CY’2019(Till May)

Figure 12‑9; Crowdo Loan Disbursement on the Basis of End-User Economic Sector on the Basis of Loan Disbursement in Percentage (%), 2018

Figure 12‑10: Loans Disbursed on Akseleran Platform in IDR Billion, 2017-2019(Estimated)

Figure 12‑11: Loan Disbursed on Mekar Platform in IDR Billion in Indonesia, 2016-2018

Figure 13‑1: Indonesia Peer-to-Peer Lending Market Future Projections on the Basis of Loan Disbursed in IDR Trillion, 2019E-2024E

Figure 13‑2: Future Ecosystem for Mature Peer-to-Peer Lending Markets

Figure 14‑1: Timeline of Lending Club, 2007-2018


List Of Table

Table 3‑1: Evolution of Banking in Indonesia with respect to P2P Lending in Indonesia

Table 3‑2: Type of Banks including State Owned Banks, Private Banks, Regional Government Banks and Private Banks in Indonesia, as on December 31st 2018

Table 3‑3: Loans Outstanding by Commercial Banks on the basis of Types of Banks (State Banks, Regional Government Banks, Private National Banks, Foreign Banks and Joint Banks and Rural Banks) in IDR Trillion, 2015-2018

Table 3‑4: New Loans Approved by Commercial Banks on the basis of Type of Loans in IDR Trillion, CY’2015-2018

Table 3‑5: Loans Outstanding by Commercial and Rural Banks on the Basis of Top 10 Economic Sectors in Indonesia in IDR Trillion, CY’2016-CY’2018

Table 4‑1: Pros and Cons of Investing in Peer-to-Peer Lending

Table 4‑2: Value Chain Analysis of Indonesia P2P Lending Market including Entities and Challenges faced by Entities and Solution to those Challenges

Table 5‑1: Ecosystem Analysis of Indonesia Peer-to-Peer Lending Industry Including Entity, Number of Players, Major Players and Nature of Space

Table 6‑1: Introduction to Indonesia P2P Lending Market Overview  including Genesis, Current Market Stage, Overview Genesis, Growth Drivers, Trends, Competition Scenario, Regulations, Issues and Challenges, Market Structure and Future

Table 6‑2: Key Takeaways from Indonesia Peer-to-Peer Lending Industry including Parameters and Description

Table 6‑3: Reasons for Emergence of Peer-to-Peer Lending in Indonesia including Parameter and Description

Table 6‑4: Regulatory Authorities and their Scope of Regulations with respect to Fintech in Indonesia P2P Lending Market

Table 6‑5: Fintech Ecosystem in Indonesia P2P Lending Market including Type of Fintech Startup, Percentage and Number of Companies, as of December 31st 2018

Table 7‑1: Indonesia P2P Lending Market Regulations Enacted by Financial Services Authority including Scope of Regulation

Table 7‑2: Recent Government Regulations in Indonesia P2P Lending Market

Table 7‑3: Cross Comparison of Regulations between India, China and Indonesia in P2P Lending Market

Table 9‑1: Cross Comparison of Banking System in Indonesia with Peer-to-Peer Lending Platforms in Indonesia Including Loan Rates, Application Process, Loan Amount, Business Model, Loan Amount and Non-Performing Loan

Table 10‑1: Rationale and Description for Indonesia Peer-to-Peer Lending Market Size by Loan Disbursed including Year-on-Year Description, 2016-2018

Table 10‑2: Indonesia Peer-to-Peer Lending Market Size on the Basis of Loan Disbursed in IDR Billion, Total Number of Borrower Accounts, Total Number of Lenders and Total Registered Companies Under OJK, CY’2016-CY’2018

Table 10‑3: Indonesia Peer-to-Peer Lending Market Segmentation by Location of Borrowers (Within Java and Outside Java) on the Basis of Loan Disbursement in IDR Billion, CY’2018

Table 10‑4: Comparison of Different Parameters between cities in Java and Outside Java

Table 11‑1: Competition Landscape of Indonesia Peer-to-Peer Lending Industry with Parameter (Competition Stage, Major Players, and Competitive Trends and Comparison Parameters basis for Competition) and Description

Table 11‑2: Strengths and Weaknesses of Major Players (Koinworks, Investree, Modalku, Amartha, Akseleran, Crowde, Crowdo, Danamas, and Aktivaku) in Indonesia P2P Lending Market

Table 11‑3: Market Share of Major Players (Koinworks, Investree, Modalku, Amartha, Akseleran, Danamas and Others) Operating in Indonesia Peer-to-Peer Lending Market on the Basis of Loans Disbursed in IDR Billion, as on December 31st 2018

Table 11‑4: Market Share of Major Players (Modalku, Investree, Koinworks, Amartha and Others) Operating in Indonesia Peer-to-Peer Lending Market on the Basis of Loans Disbursed in Percentage (%), as on December 31st 2018

Table 11‑5: Heat-map of Indonesia Peer-to-Peer Lending companies on the basis of Parameters (Personal Loans, Term Loans, Invoice Financing, Buyer Financing, Collateral, Bond Issue, SE Asia Presence, Sharia Financing)

Table 11‑6: Cross Comparison Matrix of Indonesia Peer-to-Peer Lending Platforms (Modalku, Investree, Koinworks and Crowdo) Including Loan Disbursed (IDR Billion) (as of December 2018), Business Model, Interest Rate, Number of Lenders (As of July 2019), Number of Borrowers, NPL (%) (As of July 2019), Average Ticket Size (IDR Million), Investors, Employees (As of July 2019), Google Store App (As of July 2019), Year of Inception, Current Funding Round and Funding Amount

Table 11‑7: Cross Comparison Matrix of Indonesia Peer-to-Peer Lending Platforms (Crowde, Amartha, Aktivaku, Akseleran) Including Loan Disbursed (IDR Billion) (as of December 2018), Business Model, Interest Rate, Number of Lenders (As of July 2019), Number of Borrowers, NPL (%) (As of July 2019), Average Ticket Size (IDR Million), Investors, Employees (As of July 2019), Google Store App (As of July 2019), Year of Inception, Current Funding Round and Funding Amount

Table 11‑8: Cross Comparison Matrix of Indonesia Peer-to-Peer Lending Platforms (Danamas, Mekar) Including Loan Disbursed (IDR Billion) (as of December 2018), Business Model, Interest Rate, Number of Lenders (As of July 2019), Number of Borrowers, NPL (%) (As of July 2019), Average Ticket Size (IDR Million), Investors, Employees (As of July 2019), Google Store App (As of July 2019), Year of Inception, Current Funding Round and Funding Amount

 

Table 12‑1: Company Profile of Modalku including Company Synopsis, Business Strategy, USP, Lenders and Borrower Profile and Number of Employees

Table 12‑2: Modalku’s Product Portfolio including Description, Share of Product by Number of Loans and Percentage Share by Amount of Loans in CY’2018

Table 12‑3: Key Partnerships of Modalku including Partner Name and Description

Table 12‑4: KPIs (Number of Loans Disbursed, Amount Disbursed, Loan Outstnding, Average Loan Duration, Investor Return, Commission Income) for Modalku, 2018

Table 12‑5: Company Profile of Danamas including Company Synopsis, Business Strategy, Lenders and Borrower Profile and Business Model

Table 12‑6: Danamas Product Portfolio including Product Name and Description

Table 12‑7: Strategic Collaboration of Danamas including Partner Name and Description

Table 12‑8: Danamas Investors and Shareholding Percentage (%)

Table 12‑9: KPIs (Number of Loans, Amount Disbursed, NPL, Commission Income, Investor Return, Average Loan Duration) of Danamas in Indonesia, 2018

Table 12‑10: Company Profile of Investree including Company Overview, USP, Business Strategy, Lender and Borrower profile, Number of Employees and Business Model

Table 12‑11: Investree Product Portfolio including Product Name and Description

Table 12‑12: Key Partnerships of Investree including Partners and Description

Table 12‑13: Financial KPIs (Loan Disbursed, Average Loan Amount, Investor Return, Loan Outstanding, Commission, Average Loan Duration) of Investree, 2018

Table 12‑14: Investree Investor Information including Country of Origin and Funding Round Participation

Table 12‑15: Investree Funding Rounds including Amount and Year of Funding

Table 12‑16: Company Profile of Koinworks including Company Synopsis, Business Strategy, USP, Lenders and Borrower Profile

Table 12‑17: KoinWorks Product Portfolio including Description on Koinbisnis, KoinPintar(Smart Coin) and KoinSehat

Table 12‑18: Key Partnerships of Koinworks including Partners and Description

Table 12‑19: Financial Information (Loan Disbursed, Average Loan Amount, Investor Return, Loan Outstanding, Commission, Average Loan Duration) of Koinworks for the year CY’2018

Table 12‑20: Koinworks Investors Information including Country of Origin and Funding Participation

Table 12‑21: Koinworks Funding Rounds including Participating Investors, Amount and Year of Funding

Table 12‑22: Company Profile of Crowde including Company Overview, Business Strategy, USP, Lender and Borrower Profile, Number of Employees and Business Model

Table 12‑23: Crowde’s Financial KPIs (Loan Disbursed, Investor Return, Loan Outstanding, Commission, NPL), CY’2018

Table 12‑24: Crowde’s Investor Information including Country of Origin and Funding Round Participation

Table 12‑25: Crowde’s Funding Stage including Year and Amount of Funding

Table 12‑26: Company Profile of Amartha Including Company Overview, Business Strategy, USP, Lenders and Borrower Profile and Number of Employees

Table 12‑27: Key Partnerships of Amartha including Partners and Description of partnership

Table 12‑28: Financial KPIs (Loan Disbursed, Average Loan Amount, Investor Return, Loan Outstanding, NPL, Average Loan Duration) of Amartha in Indonesia P2P Lending Market, CY’2018

Table 12‑29: Amartha Investor information including Country of Origin and Funding Round Participation

Table 12‑30: Funding Information of Amartha including Funding Round and Amount and Year of Funding

Table 12‑31: Company Profile of Crowdo including Company Synopsis, Business Strategy, USP, Lenders and Borrower Profile and Number of Employees

Table 12‑32: Crowdo Product Portfolio with Product Name and Description

Table 12‑33: Key Partnerships of Crowdo including Partner Name and Description of Partnership

Table 12‑34: Financial Information (Loan Disbursed, Average Loan Amount, Investor Return, Loan Outstanding, Commission, NPL) of Crowdo for the period CY’2016-CY’2019(May)

Table 12‑35: Company Profile of Akseleran including Company Synopsis, Business Strategy, Lenders and Borrower Profile

Table 12‑36: Product Portfolio of Akseleran including Product Name and Description

Table 12‑37: Strategic Collaboration of Akseleran including Partner Name and Description

Table 12‑38 Financial Information (Loan Disbursed, Average Loan Amount, Investor Return, Loan Outstanding, Commission, Average Loan Duration) of Akseleran: P2P Platform

Table 12‑39: Company Profile of Mekar including Company Overview, Business Strategies, Lender and Borrower Profile, Number of Employees and Business Model 

Table 12‑40: Financial KPIs (Loan Disbursed, Average Loan Amount, Investor Return, Loan Outstanding, Commission, Average Loan Duration) of Mekar, 2018

Table 12‑41: Strategic Collaboration of Mekar including Partner Name and Description

Table 12‑42: Company Profile of Aktivaku including Company Overview, Business Strategy, Lender and Borrower Profile, Number of Employees and Business Model

Table 12‑43:  KPIs (Loan Disbursed, Average Loan Amount, Investor Return, Loan Outstanding, Average Loan Duration) of Aktivaku in Indonesia P2P Lending Market, 2018

12‑44: Strategic Collaboration of Aktivaku including Partner Name and Description

Table 12‑45: Product Portfolio of Aktivaku including Product Name and Description

Table 13‑1: Rationale and Description for Indonesia Peer to Peer Lending Market Future Outlook and Projections, 2019-2024

Table 13‑2: Key Takeaways from Indonesia Peer-to-Peer Lending Industry including Parameters and Description

Table 13‑3: Future Ecosystem for Indonesia P2P Lending Platforms

Table 14‑1: Recommendations for Indonesia Peer-to-Peer Lending Market

Table 14‑2: Case Analysis of Faircent as a Successful Peer-to-Peer Lending Platform

Table 14‑3: Case Analysis of Lending Club as a Failure Peer-to-Peer Lending Platform

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Products and Companies

Products

Key Segments Covered

By Location of Loan Disbursed
  • Inside Java
  • Outside Java

Key Target Audience
  • Existing Peer-to-Peer Lending Platforms
  • New Market Entrants- Domestic Platforms
  • New Market Entrants- International Platforms
  • Banks and Financial Institutions
  • Government Bodies
  • Investors & Venture Capital Firms
  • Third Party Technology Providers
  • MSMEs and E-commerce Sellers

Time Period Captured in the Report:
  • Historical Period: 2016 -2018
  • Forecast Period: 2019-2024


Companies

Companies Covered:

  • Investree
  • Modalku
  • Koinworks
  • Danamas
  • Mekar
  • Crowde
  • Crowdo
  • Akseleran
  • Aktivaku
  • Amartha

The report titled “Competition Benchmarking: Indonesia Peer-to-Peer Lending Market Outlook to 2024” provides a comprehensive analysis of Indonesia Peer-to-Peer Lending platform operators. The report covers various aspects including market overview, value chain analysis, market evolution, the market size of Peer-to-Peer Lending platforms on the basis of loans disbursed and market segmentation by location of loans disbursed in and outside Java, regulatory framework impacting the Indonesia market and competitive landscape. The report concludes with market projections for future and analyst recommendations highlighting the major opportunities and cautions for Indonesia Peer-to-Peer lending market.

Indonesia Peer-to-Peer Lending Market Overview
The Indonesia Peer-to-Peer lending market was observed to be at a nascent stage since the market was established in 2016 driven by a need to serve the under-banked and underserved businesses and customers in the remote regions of Indonesia. The regulations brought out by the Indonesian Financial Services Authority in 2016 outlined the operational and financial requirements for Peer-to-Peer lending platforms to operate. The market is fragmented with more than 100 platform operators currently registered with the OJK. The improvements in technology and internet connectivity will drive more platforms to establish and reach more customers.

Indonesia Peer-to-Peer Lending Market Size
Indonesia Peer-to-Peer Lending market size has seen major growth since its inception in 2016. The improvement in credit assessment techniques and the use of Artificial Intelligence and Machine learning techniques has driven the increase in borrower base due to more approvals. The Non-performing loans have also been at par with the Indonesian banks and in some cases lower. The number of platform operators has also nearly doubled every year and is poised to grow similarly in the future.
The types of loans disbursed by these platforms are Working Capital loans, Consumptive loans, and Investment loans. Working capital loans occupy the major share for the type of loans since these loans are mostly disbursed to MSMEs.

Indonesia Peer-to-Peer Lending Market Segmentation

By Location of Loan Disbursed (Inside Java and Outside Java)
Loans disbursed inside Java dominated the Indonesia Peer-to-Peer lending market in 2018. Presence of established internet and mobile phone penetration in Java drove the loan disbursement in Java to be higher than outside Java.

Comparative Landscape in Indonesia Peer-to-Peer Lending Market
The Peer-to-Peer lending market in Indonesia was observed to be fragmented with the presence of a few international players from countries like China, Malaysia, and Singapore. It is relatively easier to enter into the Indonesian market as OJK has laid out guidelines to establish and operate. OJK also tests the operational reliability of the platforms for fraud susceptibility and platform failures due to technology. Investree, Modalku, and Koinworks were one of the first companies to gain OJK license and operate in Indonesia. Platforms compete with each other on parameters such as total loans disbursed, loans outstanding, Non-performing loans, and borrower and lenders registered on their platforms.

Indonesia Peer-to-Peer Lending Market Future Outlook and Projections
It is further estimated that the Indonesia Peer-to-Peer lending market in terms of total loans disbursed will register a high CAGR growth for the period 2019-2024. The market is forecasted to grow owing to increased mobile phone and internet penetration to remote areas, increased financial and digital literacy, increase in e-commerce activity leading to more vendors opting for working capital loans, an influx of more operating platforms and greater partnerships of platforms with institutional investors such as banks and financial institutions.

Key Segments Covered

By Location of Loan Disbursed
  • Inside Java
  • Outside Java
Key Target Audience
  • Existing Peer-to-Peer Lending Platforms
  • New Market Entrants- Domestic Platforms
  • New Market Entrants- International Platforms
  • Banks and Financial Institutions
  • Government Bodies
  • Investors & Venture Capital Firms
  • Third-Party Technology Providers
  • MSMEs and E-commerce Sellers
Time Period Captured in the Report:
  • Historical Period: 2016 -2018
  • Forecast Period: 2019-2024
Companies Covered:
  • Investree
  • Modalku
  • Koinworks
  • Danamas
  • Mekar
  • Crowde
  • Crowdo
  • Akseleran
  • Aktivaku
  • Amartha
Key Topics Covered in the Report
  • Indonesia Peer-to-Peer Lending Market Value Chain Analysis
  • Indonesia Peer-to-Peer Lending Market Overview
  • Indonesia Peer-to-Peer Lending Market Ecosystem
  • Indonesia Peer-to-Peer Lending Market Future and Projections
  • Regulatory Framework in Indonesia Peer-to-Peer Lending Market
  • Issues and Challenges in Indonesia Peer-to-Peer Lending Market
  • Competitive Landscape in Indonesia Peer-to-Peer Lending Market
  • Analyst Recommendations
  • Case Study for Successful P2P Lending Startup
  • Case Study for Failure P2P Lending Startup in Indonesia
READ MORE

Scope

 

1.              Executive Summary

Indonesia Peer-to-Peer Lending Market Overview and Size

Market Segmentation

Competition Scenario

Indonesia Peer-to-Peer Lending Regulations

Indonesia Peer-to-Peer Lending Future and projections

2.              Research Methodology

2.1.          Market Definitions

2.2.          Abbreviations

2.3.          Market Size and Modeling

Approach – Market Sizing

Limitations

3.              Indonesia Economy Overview

3.1.          Evolution of Banking in Indonesia

3.2.          Structure of Banking System in Indonesia

Types of Banks in Indonesia

Credit Disbursal Scenario in Indonesia

4.              Value Chain Analysis (Operating Model, Process Flow, Pros and Cons, Challenges Faced and Solutions)

5.              Indonesia Peer-to-Peer Lending Market Ecosystem

6.              Indonesia Peer-to-Peer Lending Market Overview

Key Takeaways from Indonesia Peer-to-Peer Lending Industry

Reasons for Emergence of Peer-to-Peer Lending

Fintech Landscape in Indonesia

7.              Government Regulations

Financial Services Authority, OJK

Comparison of Regulation between Indonesia and India

8.              Issues and Challenges

Limited Access to Credit History Database

Funds Transfer and misuse

Bases 3, Banks and Peer-to-Peer Loans

Illegal Peer-to-Peer Lending Operators

Legal Issues Related to Fintech

Fails to Solve Financial Inclusion Concerns

Adverse Selection

Long Term Lending

9.              Cross Comparison of Indonesia Peer-to-Peer Lending Platforms and Banks

10.            Indonesia Peer-to-Peer Lending Market Size, 2016-2018

10.1.        Indonesia Peer-to-Peer Lending Market Segmentation by Disbursement, 2018

11.            Competition Stage, Major Players, Competitive Trends and Competition Parameters

Strength and Weakness of Major Players (Koinworks, Investree, Modalku, Amartha, Akseleran, Crowde, Crowdo, Danamas, and Aktivaku)

Market Share of Major P2P Lending Platforms by Loan Disbursed, 2018

Heat Map of P2P Lending Platforms by Presence in Personal Loans, Term Loans, Invoice Financing, Buyer Financing, Collateral, Bond Issue, SE Asia Presence, Sharia Financing

Cross Comparison between P2P Lending Players (Loan Disbursed, Business Model, Number of Lenders, Borrowers, NPL, Average Loan Amount, Investors, Fund Raised), 2018

12.            Company Profiles (Company Synopsis, Business Strategy, USP, Lenders and Borrower Profile and Employee Headcount, Business Model, Number of Loans, Amount Disbursed, NPL, Commission Income, Investor Return, Average Loan Duration)

12.1.        Modalku

12.2.        Danamas

12.3.        Investree

12.4.        Koinworks

12.5.        Crowde

12.6.        Amartha

12.7.        Crowdo

12.8.        Akseleran

12.9.        Mekar

12.10.      Aktivaku

13.            Indonesia Peer to Peer Lending Market Future Outlook and Projections, 2019E-2024E

Key Takeaways from Indonesia Peer-to-Peer Lending Industry

Future Ecosystem Interactions

14.            Analyst Recommendations in Indonesia Peer to Peer Lending Market

14.1.        Success Case Study - Faircent

14.2.        Failure Case Study – Lending Club

Disclaimer

Contact Us


List Of Figure

Figure 3‑1: Annual Estimates of GDP at Current Price in IDR Trillion and Growth Rate in Percentage (%), CY’2012-CY’2018

Figure 3‑2: Number of Households that have Access to Internet in Indonesia in Thousands (‘000), CY‘2013-CY’2018

Figure 4‑1: Value Chain Analysis of Indonesia Peer-to-Peer Lending Market and Commission Margin Involved

Figure 4‑2: Process Flow Diagram for Indonesia Peer-to-Peer Lending Industry

Figure 5‑1: Ecosystem of Indonesia Peer-to-Peer Lending Market including Lenders, Platforms, Partners and Borrowers

Figure 6‑1: Business Cycle Analysis of Indonesia Peer-to-Peer Lending Industry including Emerging Phase, Growth Phase and Maturity Phase

Figure 6‑2: Lender Segmentation in Indonesia Peer-to-Peer Lending industry including Lenders in and Outside Indonesia, 2018

Figure 10‑1: Total Loan Disbursed by Peer-to-Peer Lending Platforms in IDR Billion in Indonesia, 2016-2018

Figure 10‑2: Total Number of Borrowers Registered on all Peer-to-Peer Lending Platforms in Thousands in Indonesia, 2016-2018

Figure 10‑3: Total Number of Lenders Registered on all Peer-to-Peer Lending Platforms in Thousands in Indonesia, 2016-2018

Figure 12‑1: Modalku Total Loans Disbursed in IDR Billion for the period, CY’2015-CY’2019(April)

Figure 12‑2: Total Approved Loans on Modalku Platform, 2015-2019(July)

Figure 12‑3: Modalku Loan Disbursement by End-User Economic Sector on the Basis of Loan Disbursement in Percentage (%), CY’2019

Figure 12‑4: Loans Disbursed on Danamas Platform in IDR Billion for the Period 2016-2018

Figure 12‑5: Investree Loans Disbursed in IDR Billion, CY’2016-CY’2019

Figure 12‑6: Loan Disbursed by Koinworks in IDR Billion in Indonesia, 2016-2019(April)

Figure 12‑7: Amartha Loan Disbursed in IDR Billion in Indonesia for the period CY’2017-CY’2019

Figure 12‑8: Crowdo Annual Loan Disbursement in IDR Billion in Indonesia, CY’2015-CY’2019(Till May)

Figure 12‑9; Crowdo Loan Disbursement on the Basis of End-User Economic Sector on the Basis of Loan Disbursement in Percentage (%), 2018

Figure 12‑10: Loans Disbursed on Akseleran Platform in IDR Billion, 2017-2019(Estimated)

Figure 12‑11: Loan Disbursed on Mekar Platform in IDR Billion in Indonesia, 2016-2018

Figure 13‑1: Indonesia Peer-to-Peer Lending Market Future Projections on the Basis of Loan Disbursed in IDR Trillion, 2019E-2024E

Figure 13‑2: Future Ecosystem for Mature Peer-to-Peer Lending Markets

Figure 14‑1: Timeline of Lending Club, 2007-2018


List Of Table

Table 3‑1: Evolution of Banking in Indonesia with respect to P2P Lending in Indonesia

Table 3‑2: Type of Banks including State Owned Banks, Private Banks, Regional Government Banks and Private Banks in Indonesia, as on December 31st 2018

Table 3‑3: Loans Outstanding by Commercial Banks on the basis of Types of Banks (State Banks, Regional Government Banks, Private National Banks, Foreign Banks and Joint Banks and Rural Banks) in IDR Trillion, 2015-2018

Table 3‑4: New Loans Approved by Commercial Banks on the basis of Type of Loans in IDR Trillion, CY’2015-2018

Table 3‑5: Loans Outstanding by Commercial and Rural Banks on the Basis of Top 10 Economic Sectors in Indonesia in IDR Trillion, CY’2016-CY’2018

Table 4‑1: Pros and Cons of Investing in Peer-to-Peer Lending

Table 4‑2: Value Chain Analysis of Indonesia P2P Lending Market including Entities and Challenges faced by Entities and Solution to those Challenges

Table 5‑1: Ecosystem Analysis of Indonesia Peer-to-Peer Lending Industry Including Entity, Number of Players, Major Players and Nature of Space

Table 6‑1: Introduction to Indonesia P2P Lending Market Overview  including Genesis, Current Market Stage, Overview Genesis, Growth Drivers, Trends, Competition Scenario, Regulations, Issues and Challenges, Market Structure and Future

Table 6‑2: Key Takeaways from Indonesia Peer-to-Peer Lending Industry including Parameters and Description

Table 6‑3: Reasons for Emergence of Peer-to-Peer Lending in Indonesia including Parameter and Description

Table 6‑4: Regulatory Authorities and their Scope of Regulations with respect to Fintech in Indonesia P2P Lending Market

Table 6‑5: Fintech Ecosystem in Indonesia P2P Lending Market including Type of Fintech Startup, Percentage and Number of Companies, as of December 31st 2018

Table 7‑1: Indonesia P2P Lending Market Regulations Enacted by Financial Services Authority including Scope of Regulation

Table 7‑2: Recent Government Regulations in Indonesia P2P Lending Market

Table 7‑3: Cross Comparison of Regulations between India, China and Indonesia in P2P Lending Market

Table 9‑1: Cross Comparison of Banking System in Indonesia with Peer-to-Peer Lending Platforms in Indonesia Including Loan Rates, Application Process, Loan Amount, Business Model, Loan Amount and Non-Performing Loan

Table 10‑1: Rationale and Description for Indonesia Peer-to-Peer Lending Market Size by Loan Disbursed including Year-on-Year Description, 2016-2018

Table 10‑2: Indonesia Peer-to-Peer Lending Market Size on the Basis of Loan Disbursed in IDR Billion, Total Number of Borrower Accounts, Total Number of Lenders and Total Registered Companies Under OJK, CY’2016-CY’2018

Table 10‑3: Indonesia Peer-to-Peer Lending Market Segmentation by Location of Borrowers (Within Java and Outside Java) on the Basis of Loan Disbursement in IDR Billion, CY’2018

Table 10‑4: Comparison of Different Parameters between cities in Java and Outside Java

Table 11‑1: Competition Landscape of Indonesia Peer-to-Peer Lending Industry with Parameter (Competition Stage, Major Players, and Competitive Trends and Comparison Parameters basis for Competition) and Description

Table 11‑2: Strengths and Weaknesses of Major Players (Koinworks, Investree, Modalku, Amartha, Akseleran, Crowde, Crowdo, Danamas, and Aktivaku) in Indonesia P2P Lending Market

Table 11‑3: Market Share of Major Players (Koinworks, Investree, Modalku, Amartha, Akseleran, Danamas and Others) Operating in Indonesia Peer-to-Peer Lending Market on the Basis of Loans Disbursed in IDR Billion, as on December 31st 2018

Table 11‑4: Market Share of Major Players (Modalku, Investree, Koinworks, Amartha and Others) Operating in Indonesia Peer-to-Peer Lending Market on the Basis of Loans Disbursed in Percentage (%), as on December 31st 2018

Table 11‑5: Heat-map of Indonesia Peer-to-Peer Lending companies on the basis of Parameters (Personal Loans, Term Loans, Invoice Financing, Buyer Financing, Collateral, Bond Issue, SE Asia Presence, Sharia Financing)

Table 11‑6: Cross Comparison Matrix of Indonesia Peer-to-Peer Lending Platforms (Modalku, Investree, Koinworks and Crowdo) Including Loan Disbursed (IDR Billion) (as of December 2018), Business Model, Interest Rate, Number of Lenders (As of July 2019), Number of Borrowers, NPL (%) (As of July 2019), Average Ticket Size (IDR Million), Investors, Employees (As of July 2019), Google Store App (As of July 2019), Year of Inception, Current Funding Round and Funding Amount

Table 11‑7: Cross Comparison Matrix of Indonesia Peer-to-Peer Lending Platforms (Crowde, Amartha, Aktivaku, Akseleran) Including Loan Disbursed (IDR Billion) (as of December 2018), Business Model, Interest Rate, Number of Lenders (As of July 2019), Number of Borrowers, NPL (%) (As of July 2019), Average Ticket Size (IDR Million), Investors, Employees (As of July 2019), Google Store App (As of July 2019), Year of Inception, Current Funding Round and Funding Amount

Table 11‑8: Cross Comparison Matrix of Indonesia Peer-to-Peer Lending Platforms (Danamas, Mekar) Including Loan Disbursed (IDR Billion) (as of December 2018), Business Model, Interest Rate, Number of Lenders (As of July 2019), Number of Borrowers, NPL (%) (As of July 2019), Average Ticket Size (IDR Million), Investors, Employees (As of July 2019), Google Store App (As of July 2019), Year of Inception, Current Funding Round and Funding Amount

 

Table 12‑1: Company Profile of Modalku including Company Synopsis, Business Strategy, USP, Lenders and Borrower Profile and Number of Employees

Table 12‑2: Modalku’s Product Portfolio including Description, Share of Product by Number of Loans and Percentage Share by Amount of Loans in CY’2018

Table 12‑3: Key Partnerships of Modalku including Partner Name and Description

Table 12‑4: KPIs (Number of Loans Disbursed, Amount Disbursed, Loan Outstnding, Average Loan Duration, Investor Return, Commission Income) for Modalku, 2018

Table 12‑5: Company Profile of Danamas including Company Synopsis, Business Strategy, Lenders and Borrower Profile and Business Model

Table 12‑6: Danamas Product Portfolio including Product Name and Description

Table 12‑7: Strategic Collaboration of Danamas including Partner Name and Description

Table 12‑8: Danamas Investors and Shareholding Percentage (%)

Table 12‑9: KPIs (Number of Loans, Amount Disbursed, NPL, Commission Income, Investor Return, Average Loan Duration) of Danamas in Indonesia, 2018

Table 12‑10: Company Profile of Investree including Company Overview, USP, Business Strategy, Lender and Borrower profile, Number of Employees and Business Model

Table 12‑11: Investree Product Portfolio including Product Name and Description

Table 12‑12: Key Partnerships of Investree including Partners and Description

Table 12‑13: Financial KPIs (Loan Disbursed, Average Loan Amount, Investor Return, Loan Outstanding, Commission, Average Loan Duration) of Investree, 2018

Table 12‑14: Investree Investor Information including Country of Origin and Funding Round Participation

Table 12‑15: Investree Funding Rounds including Amount and Year of Funding

Table 12‑16: Company Profile of Koinworks including Company Synopsis, Business Strategy, USP, Lenders and Borrower Profile

Table 12‑17: KoinWorks Product Portfolio including Description on Koinbisnis, KoinPintar(Smart Coin) and KoinSehat

Table 12‑18: Key Partnerships of Koinworks including Partners and Description

Table 12‑19: Financial Information (Loan Disbursed, Average Loan Amount, Investor Return, Loan Outstanding, Commission, Average Loan Duration) of Koinworks for the year CY’2018

Table 12‑20: Koinworks Investors Information including Country of Origin and Funding Participation

Table 12‑21: Koinworks Funding Rounds including Participating Investors, Amount and Year of Funding

Table 12‑22: Company Profile of Crowde including Company Overview, Business Strategy, USP, Lender and Borrower Profile, Number of Employees and Business Model

Table 12‑23: Crowde’s Financial KPIs (Loan Disbursed, Investor Return, Loan Outstanding, Commission, NPL), CY’2018

Table 12‑24: Crowde’s Investor Information including Country of Origin and Funding Round Participation

Table 12‑25: Crowde’s Funding Stage including Year and Amount of Funding

Table 12‑26: Company Profile of Amartha Including Company Overview, Business Strategy, USP, Lenders and Borrower Profile and Number of Employees

Table 12‑27: Key Partnerships of Amartha including Partners and Description of partnership

Table 12‑28: Financial KPIs (Loan Disbursed, Average Loan Amount, Investor Return, Loan Outstanding, NPL, Average Loan Duration) of Amartha in Indonesia P2P Lending Market, CY’2018

Table 12‑29: Amartha Investor information including Country of Origin and Funding Round Participation

Table 12‑30: Funding Information of Amartha including Funding Round and Amount and Year of Funding

Table 12‑31: Company Profile of Crowdo including Company Synopsis, Business Strategy, USP, Lenders and Borrower Profile and Number of Employees

Table 12‑32: Crowdo Product Portfolio with Product Name and Description

Table 12‑33: Key Partnerships of Crowdo including Partner Name and Description of Partnership

Table 12‑34: Financial Information (Loan Disbursed, Average Loan Amount, Investor Return, Loan Outstanding, Commission, NPL) of Crowdo for the period CY’2016-CY’2019(May)

Table 12‑35: Company Profile of Akseleran including Company Synopsis, Business Strategy, Lenders and Borrower Profile

Table 12‑36: Product Portfolio of Akseleran including Product Name and Description

Table 12‑37: Strategic Collaboration of Akseleran including Partner Name and Description

Table 12‑38 Financial Information (Loan Disbursed, Average Loan Amount, Investor Return, Loan Outstanding, Commission, Average Loan Duration) of Akseleran: P2P Platform

Table 12‑39: Company Profile of Mekar including Company Overview, Business Strategies, Lender and Borrower Profile, Number of Employees and Business Model 

Table 12‑40: Financial KPIs (Loan Disbursed, Average Loan Amount, Investor Return, Loan Outstanding, Commission, Average Loan Duration) of Mekar, 2018

Table 12‑41: Strategic Collaboration of Mekar including Partner Name and Description

Table 12‑42: Company Profile of Aktivaku including Company Overview, Business Strategy, Lender and Borrower Profile, Number of Employees and Business Model

Table 12‑43:  KPIs (Loan Disbursed, Average Loan Amount, Investor Return, Loan Outstanding, Average Loan Duration) of Aktivaku in Indonesia P2P Lending Market, 2018

12‑44: Strategic Collaboration of Aktivaku including Partner Name and Description

Table 12‑45: Product Portfolio of Aktivaku including Product Name and Description

Table 13‑1: Rationale and Description for Indonesia Peer to Peer Lending Market Future Outlook and Projections, 2019-2024

Table 13‑2: Key Takeaways from Indonesia Peer-to-Peer Lending Industry including Parameters and Description

Table 13‑3: Future Ecosystem for Indonesia P2P Lending Platforms

Table 14‑1: Recommendations for Indonesia Peer-to-Peer Lending Market

Table 14‑2: Case Analysis of Faircent as a Successful Peer-to-Peer Lending Platform

Table 14‑3: Case Analysis of Lending Club as a Failure Peer-to-Peer Lending Platform

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Products

Key Segments Covered

By Location of Loan Disbursed
  • Inside Java
  • Outside Java

Key Target Audience
  • Existing Peer-to-Peer Lending Platforms
  • New Market Entrants- Domestic Platforms
  • New Market Entrants- International Platforms
  • Banks and Financial Institutions
  • Government Bodies
  • Investors & Venture Capital Firms
  • Third Party Technology Providers
  • MSMEs and E-commerce Sellers

Time Period Captured in the Report:
  • Historical Period: 2016 -2018
  • Forecast Period: 2019-2024


Companies

Companies Covered:

  • Investree
  • Modalku
  • Koinworks
  • Danamas
  • Mekar
  • Crowde
  • Crowdo
  • Akseleran
  • Aktivaku
  • Amartha