Mitigating Risk, Reaping Investment: Cultivation Crowdfunding Platform in the Spotlight

Not to mention the negative news about the rise of online loans, the Indonesian fintech industry has again been marred by the alleged "mismanagement" of billions of Rupiah worth of investor money by the digital-based crowdfunding platform Tanijoy. This case adds to the row of fintech startups that have stumbled upon the same case in the cultivation sector.

Before Tanijoy, in the last two years, similar cases hit Angon and Vestifarm. Both are demanded by investors to return the funds. Angon and Vestifarm use the model through crowdfunding or crowdfunding to channel financing to farmers or ranchers.

Of course, this polemic cannot be left alone because it could potentially reoccur in the future. Investors may lose confidence to invest in the aquaculture sector. In fact, breeders and farmers in Indonesia still really need access to capital.