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DanaRupiah Clarifies Its Name on OJK’s Illegal Online Loan List

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The Investment Alert Task Force, part of the Financial Services Authority (OJK), found 508 illegal online loans since the beginning of this year. One of them is DanaRupiah. However, the fintech lending technology startup provides clarification.

President Director of DanaRupiah, Entjik S Djafar explained that the name of the company that was included in the list of illegal online loans was a duplication. There is a person who creates a platform on behalf of the DanaRupiah to fool the public.

DanaRupiah Clarifies Its Name on OJK's Illegal Online Loan List

This certainly tarnished the company’s good name as fintech lending registered at OJK. “We emphasize that the ‘Dana Rupiah’ that are on the illegal fintech lending list of the Investment Alert Task Force are not ours,” Entjik S Djafar said in a press release on Thursday (3/19).

Entjik urged the public, who want to use the services of fintech lending, to re-check the authenticity of the application. Residents are asked to be careful and check the registered status of the company, so as not to get caught online illegal loan offers.

Since the beginning of this year, the Investment Alert Task Force has blocked 508 illegal online loan platforms. Within two weeks or until March 16, 388 new platforms were identified and closed. From the new findings, the platform named Dana Rupiah belonging to Top App Shopz, was blocked. Keep in mind, fintech lending registered with OJK is DanaRupiah, not Dana Rupiah.

“The actions of those who are using the name of the DanaRupiah are very detrimental to the company, as well as to the people who are fooled,” said Entjik.

DanaRupiah Encourages the Public to be Careful So They are not Deceived by Illegal Fintech

The Chairperson of the Investment Alert Task Force Tongam Tobing said the ‘Dana Rupiah’ on the list of illegal online loans was not the official DanaRupiah registered at the OJK. Top App Shopz uses the name DanaRuta to trick the public.

“The public is expected to be careful of illegal fintech lending that does not hesitate to profiteer the companies’ names registered at OJK,” said Tongam. Tongam urged the public to check the legality of permits or registered fintech lending marks first.

DanaRupiah Clarifies Its Name on OJK's Illegal Online Loan List

The public can ask via 157, WhatsApp 081157157157, or email: [email protected] and [email protected] “The public can also see a list of official and licensed fintech lending, as well as a list of illegal investment companies on the OJK website,” Tongam said.

“The public should first ask the OJK Contact or email ( the OJK party ). The public can also see a list of registered and licensed fintech lending and a list of illegal investment companies on the OJK website,” Tongam said.

OJK stipulates that fintech lending that has been registered with OJK can only access three data features from the borrower’s customer smartphone, namely camera, microphone, and location (Snack). Restrictions on accessing these data are to protect the user’s personal data.

DanaRupiah Has Channeled Productive Loans to the Public

As a peer to peer lending fintech company that has been registered with the OJK and is a member of the Indonesian Joint Funding Fintech Association (AFPI), DanaRupiah has contributed to the development of the industry to increase the reach of financing to the public.

Until the end of 2019, DanaRupiah has disbursed loans amounting to Rp 5.3 trillion. The total number of approved borrowers is 4 million. More than 307 transactions that apply for loans every hour or the equivalent of 5 transactions every minute.

DanaRupiah Clarifies Its Name on OJK's Illegal Online Loan List

DanaRupiah maximizes three services as a form of its commitment to improve the living standards of the Indonesian people, namely cash loans, productive loans, and loans for training and education.

The increased distribution target also proves that DanaRupiah continues to grow and is trusted by the people of Indonesia as a digital financial solution. For this reason, the company also actively promotes and educates people throughout Indonesia.

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