Pepper Advantage, a credit analytics company, receives the AFPI fintech license to serve Indonesian non-bank loan providers. 112 fintech companies provide financing solutions for 51% of Indonesia’s 270 million unbanked people.

Pepper Advantage, a provider of credit analytics, has secured an AFPI fintech license to handle assets on behalf of Indonesia’s expanding non-bank loan providers.

Non-bank lenders play a crucial role in delivering digital financial services that can reach consumers who have limited access to traditional financial institutions, with 112 fintech companies offering secured and unsecured lending products in Indonesia.

Currently, 51 percent of Indonesia’s population, which amounts to 270 million people, are unbanked. This figure shows how fintech has the ability to drive financial inclusion in the nation.

In the years following its 2021 entry into the Indonesian market, PepperAdvantage has established new operations in Jakarta and Malang. As the nation’s first worldwide servicing platform with the capacity to service a variety of asset classes, the company today has operations in 13 cities.

In addition, Pepper Advantage disclosed that its skilled Indonesian team has created a collections platform that enables them to manage a variety of asset classes and performance grades, offer thorough and adaptable real-time performance, and provide strong quality assurance with a strong data and analytics team.

Moreover to expand its footprint in Indonesia, Pepper Advantage founded PT Pepper Services Indonesia in 2021. It currently provides a comprehensive range of credit management services, including data and analytics.

In addition, Pepper Advantage disclosed that it just acquired the AI-driven credit assessment platform Rieom.ai in an effort to complement its collections technology and promote financial inclusion by evaluating creditworthiness devoid of a credit score.

“A wonderful chance for Pepper Advantage”

“Demand for credit in Indonesia is expanding rapidly,” said Fraser Gemmell, chief executive officer of Pepper Advantage. “Bank Indonesia, the country’s national bank, recorded credit growth of 11.35 percent on the year to December 2022. This presents an intriguing prospect for PepperAdvantage together with a population of over 130 million people who lack access to banking services and a setting with relatively low inflation.

“We’re proud of the initiative and dynamism displayed by the Indonesian team in creating market-leading credit intelligence for a growing range of asset classes.”

And then Aaron Milburn, the managing director of Pepper Advantage Indonesia, participated in the discussion regarding the news.

Milburn expresses that obtaining the AFPI license is a remarkable achievement considering the demanding requirements and rigorous conditions. This demonstrates the compelling offer Pepper Advantage makes to the Indonesian market. Our services are receiving a lot of interest from fintech companies, and we have expanded to partner with 25 institutions to support and manage their 250,000 consumers.

In Indonesia, Pepper Advantage is granted a fintech license
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