I you haven't read this before, you should. Shows about as clear of a picture of the Indonesian p2p industry as you'll get. https://www.pwc.com/id/en/fintech/PwC_FintechLendingThoughtLeadership_ExecutiveSummary.pdf Page 12 Figure 7 : Shows the KFUND model, including retail/individuals and institutions as lenders, with KFUND being the agent. Page 15 starts to talk about the "third wave" Page 16 Figure 10 : Just look at the orange dotted line called "investment deals". Now you see where were at? Page 17 Figure 11 : Acquisitions/Partnerships Page 23 : Projected 2020 loan disbursements for p2p industry $16,348,130,000 So many good things ahead for KFUND!