KoinWorks and MMI Collaborate to Offer Mutual Fund Investment for Lenders

KoinWorks has officially partnered with Mandiri Manajemen Investasi (MMI) for the management of lenders' funds to be invested in the Mandiri Investment Money Market 2 (MIPU 2) Mutual Fund instrument. This collaboration is also in order to comply with OJK regulations regarding cash balances Actioncalendar on account p2p loans which should not settle for more than two days.

In this moment, CoinWorks seeks to encourage more capital market investors in Indonesia from among its users through its platform. Because, according to company data, almost 70% of the investors who invest are novice investors. Their knowledge of other investment instruments outside p2p loans, is still very common.

For information, previously KoinWorks was also funded by Mandiri Capital Indonesia (MCI) in round series A.

"We have this product pilot project since the end of last year, but only for a limited circle. We want to introduce a mutual fund product for 400 KoinWorks lenders," said KoinWorks Co-Founder and CEO Benedicto Haryono, at an annual press conference. online, Wednesday (10/6).

MMI President Director Alvin Pattisahusiwa added, KoinWorks is a partner p2p loans the first to be picked up by the company. Mutual fund products that are managed have many advantages that are in line with the profile of lenders at KoinWorks.

Among them, have high liquidity with a transaction time of T+0 or same day settlement. This means that the disbursement time can be done on the same day as the day of purchase. Mutual fund products generally apply T+3 or T+7 disbursement provisions to the customer's account.

Next, the nominal investment starts from Rp. 10 thousand and the yield is above the deposit interest. As an illustration, MIPU 2 last year gave a yield of 5,7%. “This product is very suitable for underlying mutual fund automation for users," he said.

KoinWorks CMO Jonathan Bryan explained further, that funders who have deposited on the KoinWorks platform for more than two days will be automatically converted into MIPU 2 mutual funds managed by MMI, so it doesn't depend on the wishes of the funders.

In the process of opening an investor account, the system will make it easier for lenders so that they do not need to register manually.

“If later Actioncalendar If you want to make funding, the funds can be used directly without the need to disburse the mutual funds first. Mutual fund unit ownership automatically decreases according to the amount of funding made," he explained.

This whole process, from the point of view of user experience, the lenders will not feel any difference at all with the system that has been running before.

Not only KoinWorks, platforms p2p loans Another who has previously released this initiation is Investree. The startup collaborates with Tanamduit and Principal Asset Management.