KinerjaPay Corp (fka KPAY)

[John23V]

A closer look into the last PR:

Looking at the type of p2p KFUND will be considered. I couldn't be happier that they're going to be what looks like an institutional backed hybrid model. I think that has the most to offer.

From PR: "P2P lending connects individual, institutional investors as well as the Company's subsidiary itself with other individuals or small businesses that need capital."

Also : "The more significant revenue opportunity comes from acting as a principal." and "The Company has arranged access to non-equity lending sources for the US parent, KPAY to act as a principal using its own platform to lend to these MSMEs as well as individuals who have verified employment."

Here is a good article on the different types of p2p models, and why KFUND looks to fall in the hybrid category: https://www.convergencevc.com/resource/understanding-lending-models-indonesian-fintech-startups/

Here is a good article on 5 non-equity ways to get funding : https://gusto.com/blog/business-finance/5-non-equity-ways-to-get-business-funding

Hard to say yet what their non-equity sources are. Could be small business loans that pass through KFUND from an institution. Could be invoice financing. I have no idea. The crowdfunded p2p loans combined with them acting as a principal on others is a great way to do it. It opens you up to more of the country. It serves the business well also if you can choose to make more money one way vs the other. If a loan comes through that the company can make more money on itself instead of letting it be crowd funded, then they can do it.

My next post is going to be about the hybrid company KFUND should model itself after.