ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Itochu banks on P2P lending in Indonesia

Trading house to invest $50m in local fintech startup

 (placeholder image)
Commuters use their smartphones as they wait for the train during the morning rush in Jakarta.   © Reuters

TOKYO -- Itochu will invest roughly $50 million in an Indonesia peer-to-peer lending business that sees the Southeast Asian country's underdeveloped financial infrastructure as an opportunity to spread a new generation of credit services.

The transaction, which the Japanese trading house looks to complete this summer, is expected to give Itochu at least a 30% stake in PDP, a Jakarta-based subsidiary of local conglomerate Sinar Mas Group.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more