P2P investors fret as iGrow’s credit issues compound

More: The largest series A funding in India’s drone sector. [Read from your browser]( Daily Newsletter --------------------------------------------------------------- Welcome to Tech in Asia's free Daily Newsletter! Get full access to our subscribers-only Daily Newsletter and other insightful analysis on the big and messy topics of Asia’s tech and startup community by [registering here](. --------------------------------------------------------------- Hello {NAME} Peer-to-peer (P2P) lending has become a slippery slope for the online agriculture financing companies of Indonesia, Southeast Asia’s largest economy. Agriculture-focused P2P platforms Tanijoy and TaniHub are currently in hot water with lenders. The former is grappling with allegations of fraud, while the latter has angered lenders for the bad loans that have come with failed harvests and postponed payments. Now, iGrow has joined the fray, with the LinkAja-owned company experiencing bad-credit issues that could turn P2P investors' discontent into legal proceedings. In today’s premium story, my colleague, Budi, breaks down the prevalent underlying issues at iGrow and brings to the fore P2P investors’ suspicions about the firm’s TKB90 - its payment success rate on the 90th day. Further, he uncovers a host of grievances that these P2P investors face - ranging from the late return of investment funds to insurance that does not fully protect their interests. Read on to find out more about the finer details in the brewing battle at Indonesia-based iGrow. -- Shravanth P.S.: If you’re an entrepreneur looking for funding, [fill out this form]( to get your company featured on our list of fundraising startups.  ---------------------------------------------------------------  THE BIG STORY [IGrow’s sprouting credit issues disquiet P2P investors]( The Indonesian peer-to-peer lender’s payment success rate has been steadily declining since 2022.  --------------------------------------------------------------- GET HEARD ON TECH IN ASIA! We want to hear from you! With Grab growing its market lead in food delivery last year, an Aletheia Capital analyst recently [reaffirmed]( his thesis that the Singapore-based tech giant will acquire it rival, GoTo Group. Should Grab buy GoTo? [Click here]( to share your views with the Tech in Asia community! 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