The Influence of P2P Lending Startup Business Development Pt. Modalku for UMKM Players

Abstract

PT Modalku is a financial technology (startup) company engaged in peer to peer lending and based in DKI Jakarta, Indonesia. Modalku is the largest online platform in Indonesia that connects “feasible but not creditworthy” Micro , Small and Medium Enterprises (MSMEs) requiring business capital loans with lenders looking for affordable and attractive investment alternatives. Modalku provides a completely online registration process. Prospective borrowers are asked to fill in complete biodata, business information, the desired loan amount, as well as a number of documents and financial reports.