Education-focused fintech segment flounders in Indonesia


Indonesia’s education loan-focused segment seems to have hit a rough patch even as other categories such as consumer and productive loans continue to see growing demand as fintech players tap the vastly underbanked population in SE Asia’s largest market.

Education loan-focused players are seen to be struggling to find the right product-market fit. Since the beginning of this year, a handful of fintech platforms have reportedly shut down or pivoted away from such loan offerings in Indonesia.

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