OJK Highlights Compliance Issues in Multifinance and Fintech Sectors

Minimum Capital Requirements Enforcement

The Financial Services Authority (OJK) has identified non-compliance with minimum capital requirements in both multifinance and fintech lending sectors. In the multifinance sector, four out of 145 companies have not met the Rp100 billion minimum capital requirement by 2025 ¹

. For fintech lending, nine out of 95 platforms failed to achieve the Rp12.5 billion minimum equity by December 2025 ²

Source 2

https://keuangan.kontan.co.id/news/9-fintech-lending-belum-penuhi-ketentuan-ekuitas-rp-125-miliar

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Action Plans and Regulatory Oversight

All non-compliant entities have submitted action plans to OJK detailing their strategies to meet the capital requirements. These plans include measures such as additional capital injection by existing shareholders, investor strategy development, and potential mergers ¹

. OJK has been actively monitoring the situation and has imposed administrative sanctions on 24 multifinance companies in December 2025 for various violations ¹

Source 1

https://finansial.bisnis.com/read/20260109/89/1942957/ojk-empat-multifinance-belum-penuhi-kewajiban-modal-minimum-rp100-miliar-per-2025

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Industry Performance Overview

Despite compliance issues, the multifinance industry showed resilience with total financing receivables reaching Rp506.82 trillion as of November 2025, representing a 1.09% year-on-year growth ¹

. The growth was primarily supported by working capital financing which increased by 8.99% year-on-year ¹

Source 1

https://finansial.bisnis.com/read/20260109/89/1942957/ojk-empat-multifinance-belum-penuhi-kewajiban-modal-minimum-rp100-miliar-per-2025

. The non-performing financing (NPF) gross ratio stood at 2.44%, while the net NPF was 0.85% ¹

Source 1

https://finansial.bisnis.com/read/20260109/89/1942957/ojk-empat-multifinance-belum-penuhi-kewajiban-modal-minimum-rp100-miliar-per-2025

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Regulatory Implications

The OJK's strict enforcement of capital requirements demonstrates its commitment to maintaining financial stability and protecting consumers. The regulator's proactive approach includes continuous monitoring and appropriate penalties for non-compliance, ensuring the health and integrity of the financial services sector.