Lentera Dana Nusantara

What Lentera Dana Nusantara does

PT Lentera Dana Nusantara (LDN) is an Indonesia-based fintech operating an OJK-licensed peer-to-peer lending platform (LPBBTI) under the trade name SPinjam. Founded in 2018 and headquartered in Jakarta, LDN connects lenders (Pemberi Dana) with borrowers (Penerima Dana) through a digital marketplace, with revenue generated from interest spreads and administrative fees on a cumulative Rp343.9 trillion of loans disbursed since inception. Its primary product is SPinjam, a collateral-free cash loan (up to Rp 100 million, tenors of 2–24 months, interest from 0.06% per day) embedded directly inside the Shopee and ShopeePay mobile applications via QR-code activation, enabling approximately 5-minute digital onboarding using KTP upload, facial verification, and e-signature through certified providers VIDA and Privy.

The company operates a four-product suite — SPinjam (consumer), SPinjam untuk Penjual (Shopee seller working capital via Seller Center), SPinjam Xtra (incremental credit for repeat borrowers), and Dana Cepat (fast order-receivables-based financing for sellers) — all distributed exclusively through the Shopee ecosystem. Lender acquisition runs on LDN's own web platform (lenteradana.co.id) using virtual account funding with major Indonesian banks (BCA, BNI, Mandiri, BRI, SeaBank). As of July 2026, the platform reports 707,727 active borrowers, 17.5 million cumulative borrowers, an Rp 1.91 trillion outstanding portfolio, and 90.95% performing loans, with 100% complaint resolution in 2H 2025.

LDN is structured as a privately held Indonesian corporation (PT) under the ownership of PT Indigo Trading (with Andy Indigo as a key shareholder) and is led by President Director Jonathan Christianto, alongside Directors Bonaventura Inggartiasto, Chindras Rivirgo, and Maya Malidra, and Commissioner Johny Kandano. The company maintains active membership in AFPI (Asosiasi Fintech Pendanaan Bersama Indonesia), is supervised by OJK, and operates three offices in Jakarta and Sleman, Yogyakarta, while conducting financial literacy outreach across at least nine Indonesian cities.

Name

Lentera Dana Nusantara

Legal name

PT Lentera Dana Nusantara

Website

https://lenteradana.co.id

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

PT Lentera Dana Nusantara operates SPinjam, an OJK-licensed Indonesian P2P lending platform that distributes collateral-free cash loans (up to Rp 100 million) exclusively inside the Shopee and ShopeePay apps, serving individual Shopee users and Shopee sellers with rapid digital onboarding.

Ownership category

akta.pro rank

Product category

Peer-to-Peer Consumer Lending

NAICS

Mortgage and Nonmortgage Loan Brokers (522310), Nondepository Credit Intermediation (5222), Consumer Lending (522291)

SIC

Loan Brokers (6163), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

P2P Small Business / SME Marketplace Lending (FSAKAHAC)

akta.pro secondary industries

Credit Marketplaces, Aggregators & Loan Routing (FSADAFAJ), P2P Loan Syndication & Participation Platforms (FSAKAHAL)

Keywords

• Peer-to-peer lending
• Consumer cash loans
• Digital lending platform
• Shopee embedded finance
• OJK licensed fintech

Headquarters

HQ city

Dki Jakarta

HQ country

Indonesia

HQ region

Asia

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Interest Income from Loan Portfolio: LDN operates as a P2P lending platform (LPBBTI) that connects lenders with borrowers. Revenue is generated from interest accruing on loans disbursed to borrowers. Borrowers repay principal plus interest monthly; lenders receive principal and interest back, and LDN earns from the spread or fee on these transactions.
2. Service Fees and Administrative Charges: Borrowers are charged usage fees and other costs as specified in the Funding Agreement (Perjanjian Fasilitas Pendanaan). These may include late payment fees, administrative charges, and processing fees. Free admin is offered for first-time borrowers as a promotional incentive.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

PT Lentera Dana Nusantara operates an OJK-licensed and AFPI-member peer-to-peer lending platform (LPBBTI) that connects individual and corporate lenders (Pemberi Dana) with borrowers (Penerima Dana) through a digital marketplace. Its flagship consumer product, SPinjam, offers collateral-free cash loans of up to Rp 100 million with daily interest starting at 0.06% and tenors of 2–24 months, distributed primarily through an embedded integration inside the Shopee and ShopeePay mobile applications. Supplementary products include SPinjam untuk Penjual (working capital for Shopee sellers), SPinjam Xtra (higher limits for repeat borrowers), and Dana Cepat (fast disbursement against pending orders).

Product overview

PT Lentera Dana Nusantara (LDN) operates as an OJK-licensed fintech P2P lending platform (LPBBTI) founded in 2018, connecting lenders (Pemberi Pinjaman) with borrowers (Penerima Pinjaman). The core product is SPinjam, a collateral-free cash loan with daily interest starting at 0.06% and tenors of 2–24 months, exclusively distributed through the Shopee and ShopeePay ecosystem. The portfolio includes three related lending products: SPinjam untuk Penjual (working capital for Shopee sellers accessible via Shopee Seller Center), SPinjam Xtra (enhanced credit limit for eligible borrowers), and Dana Cepat (fast order-based financing for Shopee sellers). LDN also operates the P2P lending marketplace for lenders who wish to fund loans directly.

Differentiator

Problem solved

Functional benefit

Brands

• SPinjam: Main loan product - collateral-free cash loan with monthly installment features offered to Shopee users
• SPinjam Xtra
• SPinjam untuk Penjual
• Dana Cepat

Products and services

• SPinjam SPinjam is a collateral-free cash loan product for individual Shopee users, distributed via the Shopee and ShopeePay applications. Loans range up to Rp 100 million with monthly installments and tenors of 2, 3, 6, 12, or 24 months, with interest rates starting from 0.06% per day; first-time borrowers receive zero admin fee.
• SPinjam untuk Penjual SPinjam untuk Penjual is a working capital loan product for Shopee sellers, available through the Shopee Seller Center and sized against the seller's sales performance and transaction history on Shopee. New SPinjam untuk Penjual activations are supported by a Rp 50,000 activation balance incentive.
• SPinjam Xtra SPinjam Xtra is an enhanced version of the SPinjam line that offers additional borrowing capacity to qualifying existing SPinjam borrowers who have demonstrated a positive repayment history.
• Dana Cepat Dana Cepat is a fast-disbursement financing product for Shopee sellers, enabling quick access to funds against pending order receivables and integrated with the seller's order workflow on the Shopee platform.

Quantifiable outcome

• 90.95% of loan portfolio is performing (Lancar)
• +4 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration14 records

Feature7 records

Partnerships

Five partnerships are on record, tiered core and supporting.

• PT Shopee International Indonesia (Shopee)coreChannel Partner/ Reseller/ Distributor · 1 January 2018Exclusive embedded partnership where SPinjam loan products (SPinjam, SPinjam untuk Penjual, SPinjam Xtra, Dana Cepat) are fully integrated into the Shopee and ShopeePay applications. LDN acts as the lending service provider (LPBBTI operator), and Shopee provides the distribution platform and end-user access. Borrowers activate loans via QR code scan within the Shopee app. SPinjam untuk Penjual is additionally accessible through Shopee Seller Center.
• PT Indonesia Digital Identity (VIDA)coreTechnology or IntegrationVIDA provides electronic Know Your Customer (eKYC) services for SPinjam borrower onboarding. VIDA, a certified Electronic Certificate Issuer (Penyelenggara Sertifikasi Elektronik / PSrE) licensed by the Indonesian Ministry of Communication and Informatics, verifies borrower identity by cross-referencing demographic and biometric data against government database records and issues electronic certificates to confirm identity verification.
• PT Privy Identitas Digital (Privy)coreTechnology or IntegrationPrivy provides electronic identity verification and electronic signature (eSign) services for SPinjam loan agreement execution. As a certified PSrE under the Ministry of Communication and Informatics, Privy verifies borrower identity and enables legally binding digital signing of loan agreements, replacing wet signatures.
• Asosiasi Fintech Pendanaan Bersama Indonesia (AFPI)coreOthersLDN is a verified member of AFPI, the official self-regulatory organization (SRO) for Indonesia's P2P lending industry, recognized by OJK. AFPI membership is a regulatory requirement and enables participation in the Fintech Data Center (FDC) for LPBBTI data reporting. LDN actively participates in AFPI initiatives including the MURI record-breaking financial literacy broadcast.
• Bank BCA, BNI, Mandiri, BRI, SeaBanksupportingOthersPartnerships with major Indonesian banks (BCA, BNI, Mandiri, BRI) and SeaBank for loan disbursement to borrower bank accounts and payment collection. LDN's platform partners with these banks for virtual account funding (lenders) and fund transfers (borrower disbursements). The SPinjam product page lists these banks as official partners.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Regional players

• TaniFund: Indonesian OJK-licensed P2P platform specializing in agricultural and rural SME financing. Comparable LPBBTI operator but with a narrower sector focus; serves tier-2/3 Indonesia where LDN's seller products also operate.

Direct peers

• KoinWorks: One of Indonesia's largest OJK-licensed P2P lending platforms (now operating KoinP2P), serving both consumer and SME borrowers. Directly competes with LDN on digital onboarding, lender marketplace model, and OJK-regulated LPBBTI framework.
• Julo: Indonesian digital lending platform offering cash loans and credit cards to consumers via mobile app. Competes with LDN's SPinjam in the consumer unsecured lending space with a focus on mobile-first onboarding.
• DanaRupiah: Indonesia-licensed fintech P2P lending platform providing small-ticket consumer loans via mobile app. Directly competes with SPinjam in the short-tenor, unsecured consumer cash loan segment.
• Investree: OJK-registered Indonesian P2P lending platform focused on SME and supply chain financing. Directly comparable as a digital marketplace lender operating under the same LPBBTI regulatory framework as LDN.
• Amartha: OJK-licensed Indonesian P2P fintech focused on micro and SME lending, especially to women entrepreneurs in tier-2/3 cities. Comparable LPBBTI operator with similar borrower segments and digital onboarding approach.
• Modalku (Funding Societies): Indonesia-focused arm of Funding Societies, an OJK-licensed P2P platform specializing in SME financing. Comparable business model as a two-sided lending marketplace connecting lenders with borrowers under LPBBTI regulations.
• Akseleran: Indonesian P2P lending platform focused on SME borrowers, operating under OJK LPBBTI license. Similar two-sided marketplace model connecting individual and institutional lenders with small businesses.

Broad incumbents

• Kredivo: Indonesian BNPL and digital credit provider offering PayLater and personal loan products. Operates under a different license (multi-finance) but competes in adjacent consumer credit and online checkout financing territory.

Emerging players

• Finmas: Indonesian P2P lending fintech operating under OJK supervision, focused on consumer and small business borrowers. Comparable marketplace business model though smaller in scale than LDN.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/lentera-dana-nusantara

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lentera Dana Nusantara