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FinTech lending P2P finance app
KBLI 66191★ Gold-Tier Intel

Aktivitas Pendanaan untuk Transaksi Efek

Aktivitas Pendanaan untuk Transaksi Efek

🏦 Section K — Financial & Insurance Activities

✅Open· 100% ForeignMedium-Low RiskDirect Match

Financial technology peer-to-peer (P2P) lending platform — a technology-based marketplace that connects borrowers directly with individual or institutional lenders, without a bank as intermediary. The platform earns fees (not interest) from facilitating the loan matching. Products include: consumer loans (personal, salary-based), productive/UMKM loans, invoice financing, and crowdfunding-style project financing. This is one of the most heavily regulated fintech activities in Indonesia — OJK's POJK 10/2022 governs every aspect of operations. **Maximum foreign ownership: 85%** (15% must be held by Indonesian shareholders under POJK 10/2022).

Licensing & Requirements

What You Need

Risk LevelMedium-Low (Menengah Rendah)
License TypeNIB dan Sertifikat Standar
ProcessingOtomatis
Foreign Ownership100% Open
AuthorityBKPM / OSS
PP28/2025 Licensing Data1 scale
Mikro, Kecil, Menengah, BesarMedium-Low RiskNIB dan Sertifikat Standar⏱ OtomatisFiktif Positif
Post-License Obligations6
Berbentuk badan hukum
Memiliki struktur organisasi, uraian tugas, kewenangan dan tanggung jawab
Menyampaikan laporan kegiatan kepada kementerian koperasi dan ukm.

→ Submit periodic business activity reports to regulator

Memiliki standar operasional manajemen aktivitas pemeringkatan koperasi.
Personil yang melaksanakan aktifitas pemeringkatan bebas konflik kepentingan
Memiliki personil yang mempunyai keahlian dan pengalaman dibidang pemeringkatan koperasi yang dibuktikan dengan sertifikat atau tanda bukti pendidikan dan/atau pelatihan yang dikeluarkan pejabat berwenang

PHASE 1 — OSS / NIB (14 working days)

PHASE 2 — OJK P2P Lending License (POJK 10/2022) — 6–12 months

1
OJK Sandbox (optional but recommended for new models):— Apply for OJK Regulatory Sandbox (12-month pilot); allows testing under relaxed rules before full licensing
2
Izin Usaha OJK application— submitted to OJK Departemen Pengawasan IKNB II
3
Minimum paid-up capital:— IDR 25 miliar fully paid up at time of OJK application; must be evidenced by bank statement from Indonesian bank
4
Fit & proper test— OJK vets all directors and commissioners individually; clean criminal record, no previous financial sector violations
5
Sistem IT assessment— OJK reviews platform architecture, data security, anti-fraud systems, server location (must be in Indonesia, PP 71/2019)
6
Document submission:— Articles of incorporation, business plan, financial projections (5-year), risk management policy, credit scoring methodology, KYC/AML procedures, partnership agreements (if any), OJK questionnaire
7
OJK interview— senior management must attend regulatory interview
8
OJK Izin Usaha— issued only after all above steps pass; without this, you cannot onboard a single borrower or lender

Step-by-step full path for PT PMA P2P fintech

1
Establish PT PMA— minimum 85% foreign, 15% Indonesian; notary deed, AHU, TDP (~4–6 weeks)
2
Capital injection— IDR 25 miliar into Indonesian PT bank account
3
NIB via OSS— 66191, Tinggi; 14 working days
4
Technology platform development— build/acquire the lending platform (if not already built); ensure data localization compliance (all borrower data on Indonesian servers)
5
OJK license application— file complete dossier; average processing 6–12 months
6
OJK approval + Izin Usaha— issued after all assessments pass
7
Bank/escrow account setup— loan funds must flow through OJK-designated escrow or virtual account bank partners
8
Commence operations— first borrower/lender onboarding

Operational constraints under POJK 10/2022

Minimum total capital (operational)

Minimum foreign participation

Typical full timeline

2020 → 2025

This code was significantly transformed by **POJK 10/2022** (Peraturan OJK No. 10/POJK.05/2022), which replaced the previous POJK 77/2016. Key changes: raised minimum capital from IDR 2.5 miliar to IDR 25 miliar; tightened foreign ownership to maximum 85%; introduced daily interest rate caps; strengthened escrow/virtual account requirements; and expanded OJK supervisory powers including the ability to immediately revoke licenses for violations. The KBLI code (66191) is unchanged from KBLI 2020, but the regulatory substance changed dramatically.

Bali Intelligence

Foreign Workers

TKA Eligible Positions

Kepmenaker 228/2019 — Category 9: Jasa Keuangan dan Asuransi

45 in category
1211Chief Financial OfficerKepala Keuangan
1330Chief Technology OfficerKepala Teknologi
2413Risk ManagerManajer Risiko
2412Compliance OfficerPejabat Kepatuhan
2413Credit AnalystAnalis Kredit
2413Investment AnalystAnalis Investasi
2513Data ScientistIlmuwan Data

Kepmen 228/2019 lists 45 TKA-eligible positions in the financial services category. OJK Fit & Proper test applies to all directors and commissioners.

KEDUA Provision — Directors & Commissioners Exemption
Directors and Commissioners who do NOT manage personalia can work without being listed in the jabatan.
Complementary Codes

Related Codes

66111Section K

Penyelenggaraan Sistem Perdagangan Efek

Penyelenggaraan Sistem Perdagangan Efek

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✅Open· 100% ForeignMedium-Low Risk
66112Section K

Bursa Berjangka

Bursa Berjangka

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✅Open· 100% ForeignMedium-Low Risk
66113Section K

Penyelenggaraan Bursa Aset Keuangan Digital

Penyelenggaraan Bursa Aset Keuangan Digital

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✅Open· 100% ForeignMedium-Low Risk
66114Section K

Penyelenggaraan Perdagangan Kontrak Derivatif di

Penyelenggaraan Perdagangan Kontrak Derivatif di

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✅Open· 100% ForeignMedium-Low Risk
66115Section K

Penyelenggaraan Sarana Transaksi di Pasar Uang dan

Penyelenggaraan Sarana Transaksi di Pasar Uang dan

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✅Open· 100% ForeignMedium-Low Risk
66116Section K

Aktivitas Pengawasan Jasa Keuangan Selain Asuransi dan

Aktivitas Pengawasan Jasa Keuangan Selain Asuransi dan

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✅Open· 100% ForeignMedium-Low Risk
Zantara AIOSS Intelligence System
Context66191
Building a P2P lending fintech in Bali? 66191 is the code — but the OJK license (POJK 10/2022) is the real gate: 6–12 months, IDR 25B capital, 85% max foreign. The NIB is just the starting gun. Let me walk you through the OJK process, the interest rate caps, and where the Bali UMKM opportunity actually lives.