OJK Places 8 Fintech Lenders Under Special Supervision, Focusing on Capital and Bad Debt
The Financial Services Authority (O_JK) has revealed that eight online lending (fintech lending) providers are currently under special supervision. The majority of these cases are driven by issues regarding capital adequacy and high levels of non-performing loans, specifically the TWP90 metric.
Agusman, the Executive Head of Supervision for Financing Institutions, Venture Capital Companies, Microfinance Institutions, and Other Financial Service Institutions at OJK, stated that every provider under special supervision is first required to implement remedial measures in accordance with applicable regulations. These steps include meeting minimum capital obligations and improving financing quality before the OJK takes further action, which could include the potential revocation of business licences.
“Every provider under special supervision will be directed to undertake corrective measures according to the prevailing regulations,” Agusman said in a written response in Jakarta on Monday (8/6/2026).
At an industry level, OJK noted that 14 out of 94 online lending providers have yet to meet the minimum equity requirement of Rp 12.5 billion. According to Agusman, a company’s ability to meet minimum capital requirements is influenced by various factors, including business performance, business prospects, capital injection strategies, the entry of new investors, and corporate actions such as mergers.
He added that good corporate governance and a healthy business model are crucial factors in attracting investor interest to strengthen capital. Consequently, the OJK is encouraging all online lending providers to continuously strengthen governance, risk management, and regulatory compliance to enhance investor confidence and bolster consumer protection.
Regarding financing quality, OJK noted that 19 online lending providers had a non-performing loan rate (TWP90) exceeding 5 per cent as of April 2026. Agusman explained that the fluctuations in the number of providers with high TWP90 rates are influenced by financing quality and the repayment capacity of borrowers.