Technology has greatly changed our world, and the financial sector is no exception. Numerous fintech companies have emerged in recent years, offering innovative lending solutions. These companies have received a large demand from customers who were rejected by traditional banks or needed money quickly.
Fintech companies have become very popular, especially among small and medium-sized enterprises (SMEs), due to their fast and easy credit process. Lending accumulated by these companies has increased significantly in recent years. According to new statistics, the accumulation of fintech lending in Indonesia has exceeded the 416 trillion rupiah mark.