JAKARTA/SINGAPORE -- Institutional investors such as banks and investment management firms are increasingly deploying funds in peer-to-peer lending platforms in Indonesia, as they hunt for higher returns amid lackluster and uncertain equity markets.
Startups
Higher returns lead to P2P boom in Indonesia
Lack of investment options push institutions to such platforms
Peer-to-peer lending, such as Modalku offers is growing in Indonesia, driven by huge demand from its largely under-banked population. © Reuters
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