OJK Monitors Liquidation Process of Fintech Lending Platform Ringan

Close Supervision of Liquidation

The Financial Services Authority (OJK) is maintaining close oversight of the liquidation process for PT Ringan Teknologi Indonesia (Ringan), a fintech peer-to-peer lending platform that had its business license revoked on April 24, 2025. According to Agusman, OJK's Executive Head of Supervision for Financial Institutions, the authority is ensuring that the liquidation process is conducted in accordance with prevailing regulations and maintains transparency.

Key Developments in Liquidation Process

The liquidation team has submitted an interim balance sheet as part of the formal liquidation procedures. This step is crucial for maintaining transparency and accountability throughout the process. Agusman emphasized that OJK is committed to ensuring that all stages of the liquidation are carried out properly.

Regulatory Action and Implications

The revocation of Ringan's business license was formalized through OJK's letter number KEP-17/D.06/2025 dated April 24, 2025. This decisive regulatory action was taken after careful consideration and marks a significant step in maintaining the integrity of Indonesia's fintech sector. The OJK continues to oversee the situation closely, ensuring that all necessary procedures are followed.