Based on the Decision of Indonesia Financial Services Authority Member of the Board of Commissioners number KEP-17/D.06/2025 dated 24th of April 2025 about Financial Technology Peer to Peer Lending Company PT Ringan Teknologi Indonesia Business License Revocation, we hereby to announced that as of 24th of April 2025 Indonesia Financial Services Authority (OJK) has revoked the business license of PT Ringan Teknologi Indonesia which its head office is located at Sequis Center, Lantai 2, Jl. Jend. Sudirman No. 71, Senayan, Kebayoran Baru, Jakarta Selatan DKI Jakarta. The settling of the business license revocation is effective since the date of the business license revocation is issued by the Board of Commissioners of Indonesia Financial Services Authority.
With the revocation of the business license, the Company is prohibited from conducting business activities as Financial Technology Peer to Peer Lending Company and is required to settle rights and obligations in accordance with teh provisions of applicable laws including:
PT Ringan Teknologi Indonesia is prohibited from conducting business activities related to Financial Technology Peer to Peer Lending Company's Services.
PT Ringan Teknologi Indonesia is required to provide clear information to Debtors, Creditors and/or relevan stakeholders regarding the mechanism for the settlement of rights and obligations.
PT Ringan Teknologi Indonesia is obliged to convene a General Meeting of Shareholders to determine the company's dissolution and to establish a Liquidation Team in accordance with applicable laws and regulations.
Prior to the formation of the Liquidation Team, the Company shall appoint a designated Person in Charge and supprorting Employee to act as a Task Force and Service Center responsible for addressing the interests and concerns of the Debtors and the Public. The said Responsible Persons and Employees (including any subsequent changes of the Responsible Persons and Employees) must be formally communicated to all debtors and submitted to OJK u.p. Directorate of Supervision for Information Technology-Based Joint Funding Services and Directorate of Consumer Services, Complaint Examination, and Regional PEPK.
