Indonesia OJK revokes Investree licence amid fraud allegations
Investree Radhika Jaya issued License revocation affecting Indonesia Financial Services Authority (OJK) on October 22, 2024.
- Primary
- Investree Radhika Jaya
- Counterparty
- Indonesia Financial Services Authority (OJK)
- Structure
- License revocation
- Date
- October 22, 2024
- Sub-sector
- Lending
Regulator shut down major peer-to-peer lender over fraud allegations and failure to meet minimum equity requirements, signaling stricter enforcement in Indonesia's lending fintech sector.
Source: businesstimes.com.sg