Our purpose is to make fair and transparent lending products accessible for people across the archipelago and to help them achieve a lifetime of financial security
On 3 August 2017 the Financial Regulator in Indonesia, Otoritas Jasa Keuangan (OJK), announced that it had approved Registration of PT Dynamic Credit Asia as a FinTech Lending and Borrowing Provider.
Compared to 2016, Indonesia’s GDP is expected to almost double by 2022. This recent development provides a big opportunity to serve a fast growing middle income class by providing a better match between savings and credit through an online direct lending channel. The current population in Indonesia is over 261 million and the middle and affluent classes are expected to grow to 141 million by 2020 according to Boston Consulting Group.
In a country with relatively low financial literacy and financial inclusion (36.1% according to a 2014 World Bank study), PT Dynamic Credit Asia aims to make fair and transparent lending products available across the vast archipelago.