OJK Revokes Friends' Money Business License, Number Of Loans Officially Shrinks To 102

JAKARTA - The Financial Services Authority (OJK) stated that it had revoked the business license of the online loan company (pinjol) PT Digital Alpha Indonesia aka Money Friends. The decision was conveyed by the authorities in an official broadcast today.

"As of March 2, 2022, the total number of fintech peer-to-peer lending or fintech lending providers licensed at the OJK is 102 companies," the authority released on Thursday, March 17.

The institution led by Wimboh Santoso then appealed to the public who want to take advantage of this financial service product to always check the legality through the channels provided by the OJK.

"The public can contact OJK contact 157 or whatsapp service 081 157 157 157 to check the status of the license for offering financial services products that they will receive," the authority said.

For information, OJK continues to increase its commitment to consumer protection in the online loan sector. One of the concrete steps is to impose a moratorium on the issuance of permits and also the inclusion of other legalities for new loans.

According to VOI records, the total distribution of official online loan funds until the beginning of this year reached Rp295.8 trillion. This amount was distributed to 73.24 million people's borrowing accounts.

The following is a complete list of 102 OJK legal lending companies.

1. Danamas2. investree3. amartha4. WALLET FAST5. KIMO6. CAPITAL STORE7. my modal8. KTA QUICK9. Smart Credit10. Maucash11. Finmas12. Click A2C13. Acceleration14. Ammana.id15. LoanGO16. CoinP2P17. treefund18. BLOOM19. There we are 20. ESTA CAPITAL FINTEK21. CREDITPRO22. FINTAG23. FAST RUPIAH24. CROWDO25. Indodana26. JULO27. Borrowwinwin28. FundsRupiah29. Taralite30. Borrowing Capital31. NATURAL32. CloudCash33. Danakini34. lion35. DANAMERDEKA36. EASYCASH37. LOAN YUK38. FinPlus39. MoneyMe40. BorrowDuit41. SHARIA FUND42. ROCK 43. Fast Cash44. clickUMKM45. Easy Borrow46. installment 47. granary48. 360 CREDIT49. Dhanapala50. Kredinesia51. Pintek52. People's Capital53. SOLUTION54. Liquid55. TrustIQ56. CLICK US57. DUHA SHARIA 58. Invoila59. Sanders One Stop Solution 60. Good Fund61. UKU62. CREDIT 63. AdaPundi64. Nusantara Fund Lantern65. National Capital66. Communal67. restock.ID68. TaniFund69. light70. Avantee71. Gradana72. Danacita73. IKI Modal74. Ivoji75. Indofund.id76. iGrow77. Danai.id78. DUMI79. SIKAM LAND 80. qazwa.id81. KrediFazz82. Doeku83. My Activities84. Danain85. Indosaku86. Golden Bridge87. EDUFUND88. HoldHand89. PAPITUPI SHARIA 90. HelpPocket91. wise funds92. Danafix93. AdaCapital94. SamaKita95. FriendsCicil96. CROWDE97. Click Liquid98. ETHIS99. SAMIR100. UATAS101. My assets102. Findaya