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Indonesia's fintech lending boom exploits the lack of bank loans

Retrieved on: 2018-01-30 05:33:45

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<div>Financing demand had been “beyond expectation”, said Reynold Wijaya, co-founder and chief executive of <b>Sequoia Capital</b>-backed ModalKu, which has distributed more than 540 billion rupiah in financing to SMEs in Indonesia within two years of operation. ModalKu accepts less than a fifth of loan ...</div>

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