Company Profile: PT Ringan Teknologi Indonesia
Background
PT Ringan Teknologi Indonesia, known as Ringan, was established on November 22, 2018, in Senayan, Sumatera Utara, Indonesia. The company operated as a financial technology (fintech) platform, focusing on providing peer-to-peer (P2P) lending services aimed at enhancing financial inclusion in Indonesia. Their mission was to simplify borrowing processes, thereby improving the quality of life for borrowers. Ringan's vision was to transform financial services into accessible tools for everyone, offering collateral-free loans with competitive interest rates, flexible tenors, and a wide range of loan sizes. They were licensed by the Financial Services Authority of Indonesia (OJK) as a fintech lending company on August 2, 2021, and were active members of the Indonesian Fintech Lending Association (AFPI).
Key Strategic Focus
Ringan's strategic focus was on providing accessible and user-friendly financial services to micro and small business owners in Indonesia. Their core objectives included:
- Core Objectives: Enhancing financial inclusion by offering easy access to borrowing, thereby supporting the growth of micro and small enterprises.
- Areas of Specialization: P2P lending services tailored for small business owners, with a focus on collateral-free loans.
- Key Technologies Utilized: Advanced credit underwriting technologies and customer experience innovations to streamline the lending process.
- Primary Markets Targeted: Micro and small business owners across Indonesia seeking accessible financing solutions.
Financials and Funding
Specific details regarding Ringan's total funds raised, recent funding rounds, and notable investors are not publicly disclosed. The company was privately held, and financial information was not readily available.
Pipeline Development
As a fintech lending platform, Ringan's primary focus was on developing and offering various loan products to meet the diverse needs of micro and small business owners. Details about specific pipeline candidates, stages of product development, target conditions, and timelines for anticipated milestones were not publicly disclosed.
Technological Platform and Innovation
Ringan distinguished itself through the following technological platforms and innovations:
- Proprietary Technologies: Utilized advanced credit underwriting technologies to assess borrower risk and determine loan eligibility.
- Significant Scientific Methods: Employed data-driven algorithms and machine learning techniques to enhance credit scoring models and improve lending decisions.
Leadership Team
Ringan's leadership team comprised professionals with diverse backgrounds in technology and finance. Notable members included:
- Edwin Setiawan: Served as the Head of IT at Ringan. Prior to joining Ringan in September 2023, Edwin co-founded and led engineering teams at TaniFund and TaniHub, both prominent fintech companies in Indonesia. He holds a degree from Universitas Bina Nusantara.
As of January 2026, there have been no publicly reported significant changes or appointments within Ringan's leadership team.
Competitor Profile
- Market Insights and Dynamics: The Indonesian fintech lending market has experienced significant growth, with numerous startups entering the space to provide alternative financing solutions to underserved segments. However, the market has also seen consolidation, with several companies ceasing operations due to financial challenges.
- Competitor Analysis: Key competitors in the Indonesian fintech lending market include:
- FinQy: Offers P2P lending services focusing on small and medium-sized enterprises (SMEs).
- ZET (Previously OneCode): Provides digital lending solutions with a focus on consumer loans.
- Ascend Capital: Specializes in P2P lending platforms targeting various borrower segments.
These competitors have developed their own technological platforms and have achieved notable milestones in the market.
Strategic Collaborations and Partnerships
Ringan was a member of the Indonesian Fintech Lending Association (AFPI), which is a strategic collaboration aimed at promoting responsible and sustainable growth of the fintech lending industry in Indonesia. Specific details about other collaborations or partnerships were not publicly disclosed.
Operational Insights
Ringan's operational strategy focused on leveraging technology to provide efficient and accessible lending solutions. Their competitive advantages included a user-friendly platform, quick loan processing times, and a commitment to financial inclusion. However, the company faced challenges related to market competition and regulatory compliance, which impacted its operational sustainability.
Strategic Opportunities and Future Directions
As of January 2026, Ringan has ceased its operations in the fintech lending sector. The company returned its business license to the Financial Services Authority of Indonesia (OJK) on April 24, 2025, and was subsequently prohibited from conducting P2P lending activities.
Contact Information
- Website: www.ringan.co.id
- Social Media:
- Instagram: @ringan.id
- YouTube: Ringan
Please note that as of January 2026, Ringan is no longer operational in the fintech lending sector.
