Ethis aiming for rapid growth of its Islamic crowdfunding, P2P platforms newly-licensed in Indonesia
JAKARTA – An Islamic fintech platform under Ethis Group and another affiliated to it have received licences to operate in Indonesia, giving the company that started in Singapore confidence to grow them rapidly in 2020.
Property crowdfunder Ethis Crowd and SME financing peer-to-peer platform Kapital Boost, which is affiliated to Ethis Group, are now licensed to operate by the Financial Services Authority (OJK).
Both platforms already operate in other markets. Ethis Crowd was the first Islamic equity crowdfunder to be licensed in Malaysia in May before also getting a licence to operate in Dubai, and Kapital Boost has been run from Singapore.
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