Five Securities Crowd Funding Raise IDR 266 Billion

JAKARTA, – Five organizers securities crowd funding (SCF) registered with the Financial Services Authority (OJK) so far has succeeded in raising funds of Rp 266 billion. This value was absorbed by more than 31 thousand investors for 149 stock issuers (issuer).

Director of the OJK Financial Services Sector Policy Group, Titi Wigati, said that his party was expanding the scope of products in order to support startups or young entrepreneurs through the issuance of provisions regarding SCF. The digital financial innovation was created with the aim that startups and small businesses can do rising fund with a debt securities offering scheme and equity securities through a platform that has been regulated by the OJK.

“Until now, there are five SCF provider platforms with a total of 149” issuer and achievement rising fund more than IDR 266 billion. SCF has also absorbed more than 31,000 investors,” said in a webinar entitled Financial Services Industry Towards the Era of Society 5.0: Financial Institution Support for Young Entrepreneurs, Thursday (29/7).

In addition, other financial service products that can be utilized by young entrepreneurs apart from banking are: fintech p2p lending. Fintech lending itself can be utilized by young entrepreneurs with a fairly small business scale. Current amount fintech lending has reached 124 platforms with a total of borrower reach 60 million accounts, value outstanding financing reached more than IDR 21 trillion (May).

“When analyzed more deeply, the number of loan recipient accounts is dominated by borrower with the age of 19-34 years, as many as 14.4 million or more than 65%. in terms of outstanding loans fintech p2p lending also dominated by the same age range with a portion reaching Rp 11.6 trillion or 63 compared to the age range borrower others,” said Titi.

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He explained, in accelerating digital transformation, OJK always encourages digital-based products to help start-ups and young entrepreneurs. Not only funding products from banks, but also opening up opportunities in the capital market and IKNB sectors.

Titi also revealed that the data shows that Indonesia has a large number of users smartphone and very high internet penetration. At the end of 2020 only, users smartphone has reached more than 190 million users and is predicted to reach 250 million users in 2025. On the other hand, the internet penetration rate has reached 72% in 2020 and is predicted to be more than 89% in 2025.

Number of users smartphone and supported by high internet penetration, it is an extraordinary opportunity to be utilized by young entrepreneurs. Supported by support system In a good way, the digital world will create more varied business opportunities, wider market coverage, and the amount of costs that can be reduced.

Meanwhile, CEO Tiar Nabilla Karbala said, the potential of Indonesia’s digital economy is huge. Looking at the industry e-commerce just for example, managed to record revenue reached US$ 30 billion and is projected to grow 13.2% per year, or to US$ 56 billion in 2025. In addition, by 2020 there will be around 26.2 million MSME units connected to the ecosystem. e-commerce.

“However, we see that MSMEs in Indonesia are very broad. On the other hand, there is a financing gap of US$ 70 billion for MSMEs. fintech p2p lending it grows because the need is great. Many of the MSME players don’t unbankable and do not have assets to be used as collateral to the bank. This condition is used by fintech lending.

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In this case, OJK understands that the progress of the digital world needs to be addressed properly through focused and serious policies. At the beginning of last 2021, OJK has launched the Indonesian Financial Services Sector Master Plan 2021-2025 (MPSJKI) as a guideline for the policy direction of the financial services sector for the next five years. In particular, the acceleration of digital transformation in the FSS is one of the main pillars of the MPSJKI.

In line with this, Titi said, OJK always encourages digital financial innovation. Currently, it has a special department in charge of developing digital finance. In 2018, OJK also issued regulations that focus on the development of digital financial innovations.

“The regulation includes arrangements for the formation of regulatory sandbox to analyze business models and innovations in the financial services sector. At the moment regulatory sandbox has given birth to 16 digital financial clusters, there are 83 registered companies, and currently still analyzing 43 entities,” he explained.

Titi added, OJK is optimistic that the various initiatives realized can help the digital ecosystem in Indonesia. “We also hope that these various initiatives can be utilized by young entrepreneurs in expanding their business and creating new innovations,” he concluded.

Editor : Gunarto’s Day ([email protected])



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