Yiren Digital has formed a strategic joint venture (JV) with PT. Pinjaman Kemakmuran Rakyat (klikUMKM) and PT. Artha Digital Investama, member of Artha Graha Network (AG Network) – a leading Indonesian conglomerate with businesses in finance, retail, agriculture, telecommunications and manufacturing.
The partnership combines Yiren Digital’s cutting-edge financial technology expertise and AG Network’s deep local market knowledge to develop innovative digital solutions addressing the growing demand for accessible financial services and inclusive finance in Southeast Asia’s largest economy.
Under the collaboration, Yiren Digital will integrate its AI-driven capabilities and proprietary technologies into the JV’s operations, including advanced risk management algorithms, automated customer service platforms and data-driven marketing solutions.
The technological foundation will enable the platform to scale efficiently and deliver secure, customer-centric financial services tailored to the Indonesian market.
The JV – expected to commence operation in the second half of 2025 – will also capitalize on AG Network’s established local market presence and regulatory expertise.
Beyond the JV, the partnership aims to explore additional technology collaborations, supporting AG Network’s broader digital transformation initiatives across its diverse business portfolio.
Ning Tang, Chairman and CEO, Yiren Digital, said: “The partnership with AG Network marks a significant milestone in our international expansion strategy. It underscores our AI capabilities in credit financing and our ability to deploy these technologies at scale. I am confident that this collaboration will drive financial and technological innovation in Indonesia’s market of 281 million people, fostering greater financial inclusion.”
