Indonesian P2P lender Modal Rakyat business model faces scrutiny as lender files lawsuit

Indonesian P2P lender Modal Rakyat business model faces scrutiny as lender files lawsuit

Photo by Fikran Jabbart on Unsplash

Indonesian startup Modal Rakyat, which provides productive loans for micro, small, and medium enterprises, is the latest peer-to-peer (P2P) fintech lending platform to run into rough weather. 

Edited by: Padma Priya