Aditya Hadi Pratama · · 2 min readCEO of Indonesian fintech startup in police custody over gun-related incident
A man is in police custody over a gun-related case in Jakarta, with sources confirming to Tech in Asia that the person is Muhammad Farid Andika, CEO of an Indonesia-based peer to peer (P2P) lending startup Restock.
In a video that went viral on social media, Andika seemed to be aiming a gun from his car at women who were standing in the middle of a road.
Muhammad Farid Andika, CEO of Restock / Photo credit: Restock
According to local media reports, police said that the incident started around 1 a.m., when Andika crossed an intersection as the traffic light was red. His car then hit a motorcycle, and that’s when he brought out a gun and aimed it at the bike’s rider.
The police identified the suspect based on the video, proof from the crime scene, and statements from witnesses. They caught him in a parking area of a mall in South Jakarta.
Restock issues working capital loans to microbusinesses as well as small and medium-sized enterprises (MSMEs). The a P2P lending platform says it has disbursed 200 billion rupiahs (around US$13.7 million) in loans to more than 50 MSMEs in Indonesia. In 2020, it raised US$1 million in seed funding from Tunas Nusantara Kapital, Silverbacks Ventures, and some angel investors.
Andika is a vice chairperson of the productive loan cluster in AFPI, the Indonesian association for P2P lenders.
Editing by Terence Lee
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