Investree\Indonesia
The business, the turning points, and the decisions behind them.
01 / WHAT IT BUILT
What the company did
PT Investree Radhika Jaya (Investree), founded in Jakarta in 2015 by Adrian Gunadi, was one of Indonesia's largest SME peer-to-peer lenders: a licensed platform for invoice and working-capital financing that connected individual lenders with small businesses. It grew into a major fintech player in the country's SME credit market before its license was revoked in 2024.
02 / Investree\Indonesia FAILURE REASONS
Failure reasons
Investree lost its license and its leader. On 21 October 2024 Indonesia's Financial Services Authority (OJK) revoked its business license for breaching the minimum-equity rule amid deteriorating performance, including a reported 16% non-performing-loan ratio. Earlier, law enforcement pursued the former CEO over allegations of illegal fund collection, and he was later detained and jailed. With its license gone, shareholders voted in March 2025 to dissolve and liquidate.
03 / EVENT HISTORY
Events in the structured record
- Liquidation
OJK revoked PT Investree Radhika Jaya license 21 Oct 2024 and required liquidation team. Exact-match row for Dealroom alias Investree\Indonesia (may duplicate 1394e05b narrative but separate company_id).
- Liquidation
14 Mar 2025 GMS dissolve/liquidate; OJK approved liquidators.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN
How the factors connect
- 01
Major SME P2P lending platform in Indonesia
- 02
Loan book deteriorates; NPL reportedly hits 16%
- 03
OJK revokes business license on 21 October 2024
- 04
Shareholders approve dissolution and liquidation in March 2025