OJK Takes Regulatory Action Against Crowde Fintech Platform

License Revocation Highlights Regulatory Oversight

The Financial Services Authority (OJK) has revoked the business license of PT Crowde Membangun Bangsa, effective November 6, 2025 ²

. This decisive action was taken due to the company's failure to meet minimum capital requirements and its deteriorating performance, which negatively impacted its operations and services to consumers. As of August 2025, the P2P lending industry maintains a total outstanding loan balance of Rp87.61 trillion, growing 21.62% year-on-year, while keeping the non-performing loan ratio at a manageable 2.60% ¹

Source 1

https://finance.detik.com/moneter/d-8204544/ojk-cabut-izin-pinjol-crowde

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Regulatory Compliance and Industry Health

The OJK's action demonstrates its commitment to maintaining a healthy financial services industry. The regulator had previously warned Crowde about its non-compliance with capital requirements and other regulations. With this revocation, the number of legal P2P lending platforms registered with OJK has decreased to 95 from 96 previously. The remaining platforms must continue to adhere to regulatory requirements to maintain their licenses.

Market Impact and Consumer Protection

The revocation is part of OJK's broader efforts to ensure that fintech lending platforms operate with integrity, good governance, and adequate risk management. Consumers are advised to use only OJK-registered P2P lending services to ensure their financial safety. The industry's overall health remains stable despite the reduction in registered platforms, with continued growth in lending activity.