The peer-to-peer (P2P) lending sector in Indonesia is increasingly attracting interest from foreign funders.

As of May 2025, funding from overseas lenders reached IDR 13.09 trillion, reflecting a year-on-year growth of 14.52%. Foreign contributions accounted for 15.85% of the total industry funding, according to Finansial Bisnis.

Despite this upward trend, PT Mitrausaha Indonesia Group (Modalku Indonesia) stated that it currently does not have any funding partnerships with foreign entities. However, the company remains open to such collaborations.

“Modalku welcomes opportunities if foreign lenders are interested in placing funds with Modalku, provided they comply with the existing regulations,”

said Arthur Adisusanto, Country Head of Modalku Indonesia.

Arthur explained that the company adheres to the provisions set out in OJK Regulation No. 40 of 2024, which requires that funds from lenders must not remain idle for more than two working days and must be promptly disbursed to borrowers.

In addition, foreign lenders must have a lender fund account (RDL), as is also required for Indonesian nationals.

“We allow foreign lenders to decide whether they wish to proceed with funding through Modalku. If they choose to move forward, Modalku will help facilitate the creation of the RDL, including conducting offline KYC through our partners,”

he added.

Arthur emphasised that Modalku is focused on building long-term trust and collaboration with funders through a professional approach and sound loan portfolio management.

This strategy includes transparent performance reporting, clear risk mitigation mechanisms, and flexible cooperation schemes, particularly for institutional funders, which remain a key focus for the firm.

He also noted that Modalku maintains active communication across its service channels to ensure appropriate support for lenders.

“Trust from both domestic and foreign lenders is a vital foundation for the sustainability of our services,”

he said.

“We are open to the possibility of more foreign lenders participating, in support of local economic growth through the empowerment of Indonesian SMEs,”

he concluded.

Industry data shows that foreign lender funding has demonstrated consistent growth.

As of March 2025, overseas funding reached IDR 11.89 trillion, an increase of 12% year on year, accounting for 14.86% of total industry funding.

In comparison, in May 2024, the figure stood at IDR 11.43 trillion, up 8.05% year on year, with a 17.70% contribution to total funding.

Featured image credit: Edited by Fintech News Indonesia, based on image by Freepik