Fintech Association Supports 9 Lending Companies in Challenging KPPU Decision

JAKARTA, KOMPAS.com - The Indonesian Fintech Association (Aftech) supports the legal steps taken by nine online lending (pindar) companies against the decision of the Business Competition Supervisory Commission (KPPU). The nine pindar services in question are AdaKami, Amartha, Easycash, Julo, Indosaku, Samir, PinjamDuit, LumbungDana, and Danai. Aftech General Secretary Firlie Ganinduto stated that the support for the legal action by its nine members is because they have the right to obtain clarity and certainty in conducting business. “Going forward, Aftech is committed to continuing to collaborate with all stakeholders in maintaining the growth of a healthy, inclusive, and sustainable fintech ecosystem,” Firlie said in an official statement on Saturday (11/4/2026). Legal online lending (pinjol) services assist the public in funding aspects and contribute to driving growth in the real sector, which significantly contributes to the domestic product gross (PDB). “LPBBTI services have become an important part of the digital financial ecosystem in Indonesia, particularly in expanding funding access for the public not fully served by the formal financial system,” Firlie stated. Furthermore, Firlie explained that trust in the fintech industry, including LPBBTI, comes from both domestic and international sources. “When they decide to invest, it becomes a strong signal to the market that the platform or industry has a high level of credibility,” Firlie remarked. “This global investor trust also reflects that the industry is viewed as prospective and continuously developing,” he added. Head of Public Relations and Cooperation Bureau of KPPU, Deswin Nur, said that the KPPU Commission Panel fined 97 companies. “For this violation, the online lending business actors were imposed with various fines totalling Rp 755 billion,” he stated in a written release on Friday (27/3/2026). The respondents were found to have violated Article 5 of Law No. 5 of 1999 on the Prohibition of Monopolistic Practices and Unhealthy Business Competition. Of the 97 online lending companies, 52 of them were fined a minimum of Rp 1 billion.