INDONESIA CROWDLENDING INDONESIA CROWDFUNDING PLATFORM
In Indonesia, crowdfunding is by definition the option of fund raising through a crowd of Indonesian lenders and investors in favor of Indonesian borrowers who are not involving banks to fund their projects.
In Indonesia is crowdfunding is becoming the best alternative of raising capital via a collective (crowd) effort of individual investors as well as friends and family members to implement a promising business idea without using Indonesian banks.
Indonesian Crowdfunding has a different approach as the classical business finance where in order to raise capital to initiate a business, there is a need to produce a sophisticated business plan, proceed with intense market research.
In Indonesia, crowdfunding consists of a new essential approach of alternative funding taps into collective efforts of a large pool of Indonesian and foreign investors through Indonesian crowdfunding platforms as well as social media in the country.
In Indonesia crowdfunding like in other countries consists of types such as Equity Crowdfunding, Donation Crowdfunding, and Debt Crowdfunding.
The local regulator, Indonesia’s Financial Services Authority (OJK) has put in place a regulation covering crowdfunding in the country and the policy aims to apply strategies for the promotion of venture capital as well as establishment of new funding sources.