Crowdo Distributes Foreign Investment Fund of Rp100 Billion

INDUSTRY.co.id - Jakarta - Crowdo Indonesia's peer-to-peer lending (P2P) service company has disbursed Rp100 billion of foreign investment funds as of the first quarter of 2018.

Through press releases received in Jakarta, Friday (1/6/2018), the channeling of funds through Crowdo platform is dedicated to small and medium enterprises (SMEs) with a total of more than 3,500 projects.

General Manager of Crowdo Indonesia Cally Alexandra assessed the foreign investment funding by Crowdo helped SMEs in Indonesia to grow and encourage economic movement.

He said foreign investment funds have an important role in the development of Crowdo Indonesia, without putting aside the role of Indonesian lenders.

Through the online lending system in Crowdo, foreign investors can now more easily invest in small business units in Indonesia.

"And with the success of Crowdo achieve ISO 27001: 2013 certification, it is expected that lenders are now increasingly confident in providing loans, both lenders in Indonesia, and from outside," said Cally.

Crowdo Indonesia has obtained ISO 27001: 2013 Certificate on Information Security Management System (SMKI) for financial data management.

The certification is in compliance with the Regulation of the Minister of Communication and Information Technology Number 4 Year 2016 on the ISMS and compliance with the Financial Services Authority (OJK).

In Indonesia, Crowdo has been operating officially since 2016 and has helped finance more than 3,500 projects throughout 2017 with more than 38,000 members globally. Crowdo has also been able to incise business growth of more than 400 percent throughout 2017.