JAKARTA – PT Modalku Indonesia, the managing company of a fintech platform Modalku, is still focusing to reinforce its credit distribution in Java and Sulawesi, following its expansion to Makassar last year.

Arthur Adisusanto, Head of Growth of Modalku, claimed that the company plans to maximise the distribution of credit in existing branches, which include Jakarta, Surabaya, and Makassar. “Although there are several new regions that have been explored outside Java, we have yet to reach a conclusion,” he said earlier today (17/1) in Jakarta.

The regions that have fallen under Modalku’s radar include Medan, Palembang, and Bali. They are deemed having great market potentials. However, the company is still reviewing the exact momentum for the plan to be set in motion this year.

According to Adisusanto, so far, Modalku has partnered with 230,000 lenders. “We are still looking for new lenders. We will focus on their persona, aiming to secure new lenders from retirees,” he added.

The company will also work on balancing the amount of money from lenders and for users, especially for small and medium enterprise owners (UMKM). Until today, Modalku has funded over 60,000 debtors. (LK/ZH)