Indodana Partners with DBS Bank to Become a Lender for Its Customers

FINTECH - JAKARTA. One of the fintech P2P lending organizers, PT Artha Dana Teknologi (Indodana), has partnered with PT Bank DBS Indonesia as one of its lenders. In this case, DBS Indonesia will distribute funds through the Indodana Fintech application.

Unfortunately, Bank DBS Indonesia has not yet stated how much funding will be disbursed through Indodana in this new partnership.

The Director of Consumer Banking at PT Bank DBS Indonesia, Melfrida Gultom, only said that they will fully support the funding steps taken by Indodana Fintech. 

According to her, this collaboration is in line with the first sustainability pillar of Bank DBS Indonesia, namely Responsible Banking, where the bank focuses on being the latest financial solution by presenting innovative, inclusive, and responsible banking products. 

“This is also in line with the mission of Bank DBS Indonesia to accelerate financial inclusion,” said Melfrida in her official statement, Tuesday (6/2).

She sees that with the digital system owned by Indodana, they are confident that the mission to expand access for the underbanked community to credit distribution will be more quickly implemented and its benefits felt.

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The CEO of Indodana Fintech, Ronny Wijaya, added that this collaboration is expected to expand the reach of credit services to the underbanked community through the Indodana Fintech application that can be used at any time.

“Through this loan distribution collaboration with Bank DBS Indonesia, Indodana Fintech as a funding bridge for the community is committed to providing practical and safe services that can be utilized wisely by the Indonesian community,” said Ronny.

Indodana Fintech users can take advantage of Cash Loan services up to IDR 20 million by accessing the Indodana Fintech application that can be downloaded on the App Store and Play Store. This service has been licensed and supervised by the Financial Services Authority (OJK) since 2020