DanaRupiah Q1 2023 Financial Results

We are pleased to announce that DanaRupiah has shared its Q1 2023 consolidated financial statements with us. As opposed to standalone financial statements, the consolidated ones represent the full picture of Danarupiah’s lending business in Indonesia, which is a primary concern for the Marketplace and the Investors. 

Based on the financial statement provided for Q1 2023, the company’s total operating income for the first Q1 2023 was EUR 4 M (IDR 66,497,292,153). 

DanaRupiah generated a net profit of EUR 4.1 M  (IDR 67,997,005,738) for Q1 2023. Their loan portfolio size also shows consistent growth from EUR 33 M (IDR 555,973,228,684) as of 31 December 2022 to EUR 39M  (IDR 648,294,582,414) as of 31 March 2023.

Since February 2022, when DanaRupiah was onboarded to the Income platform, our investors have already invested over € 31M in loans originated by DanaRupiah, earning € 480K in interest.

Following the Due Diligence update performed by our team, we have decided to slightly increase the advance rate offered for Danarupiah as a result of a further increase in the performance of the loan portfolio. A higher advance rate translates into a lower Junior Share and bigger possibilities for Danarupiah to refinance and continue the great performance of their business in Indonesia. 

Investing in loans originated by DanaRupiah yields up to 15% per annum, making it an attractive option for those looking to grow their investments.

For more detailed information, you can refer to DanaRupiah’s Q1 2023 consolidated financial statements here.