OJK Strengthens Oversight on Fintech Lending Sector

Enhanced Supervision Following Multiple Defaults

The Financial Services Authority (OJK) has escalated its monitoring of fintech peer-to-peer (P2P) lending companies amid a series of significant defaults in the industry. Recent cases involving major players like PT Investree Radhika Jaya (Investree) and PT Dana Syariah Indonesia (DSI) have prompted special supervision measures including thorough transaction examinations and compliance audits ²

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Source 3

https://keuangan.kontan.co.id/news/nasib-dana-lender-investree-ojk-beberkan-proses-verifikasi-tagihan

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Key Regulatory Actions and Supervisory Measures

1. Special Supervision Implementation: OJK placed DSI under special supervision effective December 2, 2025, involving comprehensive transaction analysis and regulatory compliance checks ²
   Source 2

   https://keuangan.kontan.co.id/news/ojk-tunjukkan-taring-15-sanksi-menghantam-dsi-indikasi-fraud-mencuat
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2. Asset Tracing and Audits: The regulator is conducting detailed financial audits of affected companies, including DSI's financial records from 2017-2025 ³
   Source 3

   https://keuangan.kontan.co.id/news/nasib-dana-lender-investree-ojk-beberkan-proses-verifikasi-tagihan
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3. Capital Requirements Enforcement: OJK has enforced minimum capital requirements for fintech lending companies, prompting some firms to consider mergers to meet the Rp 12.5 billion minimum equity requirement ¹
   Source 1

   https://keuangan.kontan.co.id/news/ojk-masih-lakukan-pendalaman-terkait-merger-2-fintech-lending-syariah
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4. Industry-Wide Monitoring: The authority continues to oversee other fintech lending platforms, including PT Akseleran Keuangan Inklusif Indonesia (Akseleran), which experienced default issues last year ⁵
   Source 5

   https://keuangan.kontan.co.id/news/investor-akseleran-wajib-tahu-ojk-lakukan-fit-and-proper-test-ulang-pengurus
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Industry Impact and Funding Dynamics

Despite challenges, the fintech lending sector maintains significant banking sector support. As of November 2025, banking institutions provided 64.10% (Rp 60.79 trillion) of total fintech lending funding ⁶

. This strong backing from traditional financial institutions underscores the sector's resilience amidst regulatory tightening.

Emerging Trends and Regulatory Responses

The recent series of high-profile cases has revealed potential industry vulnerabilities, including fraud indications and improper funding practices ⁷

. In response, OJK is implementing more stringent oversight mechanisms and conducting fit and proper tests for company management ⁵

Source 5

https://keuangan.kontan.co.id/news/investor-akseleran-wajib-tahu-ojk-lakukan-fit-and-proper-test-ulang-pengurus

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