KinerjaPay Corp (fka KPAY)

[John23V]

KFUND and mini KPOP store.

Looking back, it seems like plans got put on hold for a lot of great ideas while the search for funding went on. The biggest of the ideas was KFUND.

FROM 4-18-19:
At the same time, the Company also would like to update its investors that the Company has completed its submission of documents and aptitude tests for its Commissioners and Directors of PT. Kinerja Simpan Pinjam ("PT. KSP"), a fully-owned subsidiary of KinerjaPay Corp., in Indonesia, as part of the main requirements of the Company to obtain Peer-to-Peer License in Indonesia. In doing so, the Company is currently in full compliance with the regulations set by OJK (Financial Services Authority), an autonomous agency that governs, regulates, and supervises capital market and financial institutions in Indonesia. Furthermore, the Company expects to start its lending operation within 30 days and anticipates the lending service to be its mainstream product line.

FROM 9-17-18:
Speaking about the lending platform’s launch, Edwin Witarsa Ng, Chairman and CEO of KinerjaPay Corp. stated:
“We always think on how all of our business services can be connected and useful to one another, KFUND is one of the answers to our innovations. KFUND will not only bring thousands of transactions to the Company and billions of Rupiah to our Company’s business volume, but it will also bring the Company’s subsidiary to become the main supplier for the mini KPOP Store.

You would think that if documents were submitted in April, they have to be close or already have notification from OJK that they're registered and good to go. Who the hell knows, because the OJK website is a piece of outdated crap.

I wonder if the PT MDU acquisition will still happen, and their existing kiosks become the mini KPOP stores? Or does KPAY forget about PT MDU and create their own version. The idea behind the KPOP stores in their words is "a concept outlet shop to increase user experience of KinerjaPay. With this new development, KinerjaPay aims to engage more with users, particularly the unbanked population, through in-person interaction with customer services such as electronic transaction, bill payment and top-up services."

Then there was the fully built KFUND website, ready to go, hidden in a church website (I know it was you Anoki, sorry about everyone 404ing the site), but good news I archived the whole site that night: https://web.archive.org/web/20190919185800/http://www.gks-l2dn.org/eform/tes/peminjam/

Looks like the timeline is back on track. Maybe lending starts before long, and we see this company really start to grow.