The default case involving PT Akseleran Keuangan Inklusif Indonesia has resulted in losses for 19 lenders, with total damages reaching Rp 5.99 billion.

The lenders’ legal representative, Sony Hutahaen from Badranaya Partnership, stated that the loss was due to loans being in default for over 90 days and alleged mismanagement by Akseleran.

“Our clients’ financial losses stem from non-performing loans and what appears to be management errors,” said Sony to Kompas.com on Tuesday (June 24, 2025).

He noted that Akseleran had admitted to weaknesses in managing lender funds. This acknowledgment was made during a virtual meeting between the company's management and representatives of the lenders.

Sony also highlighted suspicions that Akseleran engaged in refinancing for borrowers who had already defaulted, without any clear internal policies or regulatory guidelines.

However, according to the Code of Conduct issued by the Indonesian Joint Funding Fintech Association (AFPI), providing loans to borrowers who lack the ability to repay is considered an irresponsible practice.

He further stated that the lenders are demanding transparency and the disbursement of insurance claims, as previously promised by Akseleran.

Sony criticized the role of AFPI, saying it failed in its supervisory duties. He pointed out that Akseleran’s default problems had been ongoing for some time without any enforcement of sanctions.

“AFPI should have been monitoring this, but instead, they were negligent,” he said.

Badranaya Partnership has now sent an official request for legal protection to the Financial Services Authority (OJK).

In the letter, they requested protection for their clients who suffered losses, given the lack of clarity from Akseleran, which is a licensed and supervised financing platform under OJK.

Sony emphasized that the clients’ sole intention is to recover their funds through the promised insurance mechanism.

“One of our clients even used their retirement savings for the investment. So, this is not just about monetary losses—it’s also about public trust and the pursuit of justice,” he concluded.