Arifin said that since KoinWorks’ monthly disbursement rate reached $50 million a month, its take rate has grown enough that the company became cash flow positive earlier this year, and its non-performing loan (NPL) percentage is lower than 2%. He says banks serving traditional SMEs have at least double KoinWorks’ NPL. “As many as 20% of businesses shifted their sales channels offline to online during the pandemic, and 89% of businesses now use online channels to sell their products and services,” he said.

https://techcrunch.com/2022/01/10/jakarta-based-sme-financial-platform-koinworks-scoops-up-108m-series-c/