Peer-to-peer lending platform (P2P lender), Investree, was ambitious to help strengthen the Indonesian economy by providing financial assistance to SMEs, especially those affected by COVID-19. This ambition is what makes them get a series of funding even in the midst of a pandemic. However, the impact of COVID-19 lasted longer than the prediction and the condition of the company was also affected although not completely. Throughout 2023, there were two lawsuits filed against the company and entering the third month of 2024, three lawsuits have been filed and the lawsuits and similar lawsuits against the company are growing in number. Too bad, nothing seems to be improving that the company’s license was finally revoked in October 2024. Within less than two years, there were 15 tort and default lawsuits filed to the South Jakarta District Court against Investree and the latest was registered in Nov. 4, 2024.To subscribe please click here
