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John23V

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John23V

Re: PXATRICK post# 7568

Monday, 01/20/2020 2:26:19 PM

Monday, January 20, 2020 2:26:19 PM

Post# of 11958
I think p2p has been their goal since 9-13-18 the day KFUND was incorporated. They stated it was to be up and running in December 2018, and the latest by Jan 2019.

Well guess what happened at the end of 2018? OJK regulation No13/POJK.02/2018. Which was the sandbox regulation for p2p. Then guess what happened in early 2019? The AFPI was inaugurated by the OJK specifically for p2p lending.

They were trying to enter the market at a time when new rules were being placed on the industry. Whether or not they had the required staff in place to meet the new rules, I don't know.

I'm happy they made it through all the hard work. It will finally start paying off.
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