Crowdo P2P Lending Service Launches Car Purchase Facility for Individuals and Companies

Startup from Singapore providing loan services peer-to-peer (P2P), Crowdo Since the end of November 2016, it has launched a new service for the people of Indonesia, namely buying cars with P2P loans. This new service, which specifically targets millennials, is a new option offered by Crowdo as a financial service.one-stop service' in the country.

"The target is Indonesian people of productive age, that's what we then aim to become Crowdo debtors who want to own assets, in this case, cars," said Senior Business Development Lead. Crowdo Cally Alexandra told DailySocial.

"We open opportunities for individuals or companies who want to own assets, in this case the company's operational car," he continued.

Smooth the acquisition of creditors and debtors

By the end of 2016 Crowdo claimed to have had 1200 debtors throughout Indonesia and 20 thousand creditors globally. For local creditors, Crowdo noted that it has around 5 thousand creditors in Crowdo.

"Until now, we are still actively holding meetings with potential debtors and creditors in order to acquire more potential investors and borrowers in Crowdo," said Cally.

In Indonesia, Crowdo is registered under the name PT Mediator Komunitas Indonesia. Regarding the government's plan to release soon POJK Draft on Fintech Lending, Crowdo in this case welcomes the regulation. The main reason is to convince creditors that Crowdo is a valid and reliable financial company that complies with the regulations set by the regulator, in this case the OJK.

"It is hoped that next year the OJK will be able to issue the regulation. In this case Crowdo needs a regulation from the OJK to support our business as well as to convince potential creditors and debtors," said Cally.

Currently Crowdo can only be accessed via the web, but it is planned that in early 2017 a mobile application on the Android and iOS platforms will be released soon to make it easier for creditors to choose the right portfolio of prospective debtors and make it easier for debtors to apply for loans.

"Obviously, in 2017 Crowdo hopes to increase the number of creditors as well as debtors quality so that they can help entrepreneurs who are just starting a business and also business actors who plan to expand their business through loans peer-to-peer Crowdo," closed Cally.