UangTeman

The company also owes around 100 former employees their salaries since December 2020, a source tells Tech in Asia.

After losing its license in March, UangTeman is working to get it back – a crucial factor if the embattled online lender wants to be acquired.

The online lender has gone from being on the brink of collapse to seeing glimmers of hope over the past few years.

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The news comes amid the fintech startup’s struggle to find a white knight who can save it from collapse.

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We look at the challenges faced by UangTeman’s investors, and an Indian social commerce unicorn that plans to expand into Southeast Asia.

Eleven people put in over US$600,000 in UangTeman to be disbursed as loans. As the Indonesian lender winds down, will they get their money back?