Indonesia's framework for technology-based joint funding services has been rebuilt around stronger balance sheets, responsible origination and clearer user safeguards. OJK Regulation No. 40 of 2024 has applied since 27 December 2024, while OJK Circular Letter No. 19/SEOJK.06/2025 supplies detailed operating rules from 31 July 2025. The framework covers both conventional and sharia-compliant LPBBTI platforms.
An operator must maintain at least IDR12.5 billion in equity and an equity-to-paid-up-capital ratio of at least 50%. Funding to one borrower is generally capped at IDR2 billion, although qualifying operators may facilitate productive funding up to IDR5 billion. Operators must conduct identity and document checks, assess repayment ability, maintain and periodically evaluate credit-scoring controls, comply with lender-concentration limits and keep delinquent funding within the prescribed ceiling.
The compliance impact extends beyond underwriting. Platforms should test all-in pricing against OJK's economic-benefit limits, update risk warnings and agreements, restrict device permissions, prevent emergency contacts from being used for collection and document portfolio-transfer arrangements. Boards and investors should treat capital adequacy, loan quality, scoring governance, data access and collections conduct as connected regulatory issues rather than separate workstreams.
This publication does not constitute legal advice and should not be relied on as a substitute for advice on specific circumstances.