Proceedings of the 1st International Conference on Economics and Business, ICEB 2023, 2-3 August 2023, Padang, Sumatera Barat, Indonesia

Research Article

Financial Performance of Fintech Lending Company after The Covid 19 Pandemic

Download44 downloads
  • @INPROCEEDINGS{10.4108/eai.2-8-2023.2341477,
        author={Teti Anggita Safitri},
        title={Financial Performance of Fintech Lending Company  after The Covid 19 Pandemic},
        proceedings={Proceedings of the 1st International Conference on Economics and Business, ICEB 2023, 2-3 August 2023, Padang, Sumatera Barat, Indonesia},
        publisher={EAI},
        proceedings_a={ICEB},
        year={2024},
        month={6},
        keywords={financial technology performance},
        doi={10.4108/eai.2-8-2023.2341477}
    }
    
  • Teti Anggita Safitri
    Year: 2024
    Financial Performance of Fintech Lending Company after The Covid 19 Pandemic
    ICEB
    EAI
    DOI: 10.4108/eai.2-8-2023.2341477
Teti Anggita Safitri1,*
  • 1: Universitas Aisyiyah Yogyakarta
*Contact email: tetianggita@unisayogya.ac.id

Abstract

This research seeks to determine how well Indonesia is doing in terms of financial technology (Fintech). Descriptive analysis based on qualitative data is the methodology employed in this study. The data compiled are secondary data derived from a review of the literature, literature, and fintech data provided by the Financial Services Authority (OJK). In this study, a qualitative descriptive analysis technique is employed, with the resultant research procedures in the form of written and observable behavior providing an overview of the research findings. The results revealed that the financial performance of fintech lending companies in Indonesia increased significantly from January 2021 to April 2023, despite a previous decline. This is natural, given that the Covid 19 Pandemic slowed the economy to a crawl. The increase in ROA and ROE values of fintech lending companies is indicative of a growing public interest and business climate in the SMB sector.