Yiren Digital Ltd., an artificial intelligence (AI)-powered platform providing financial and lifestyle services in China, has announced the formation of a strategic joint venture with PT. Pinjaman Kemakmuran Rakyat (klikUMKM) and PT. Artha Digital Investama, member of Artha Graha Network (altogether AG Network), to deliver AI-driven financial solutions across Indonesia.

Yiren Digital said in a statement on Monday that 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 joint venture’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 will also capitalize on AG Network’s established local market presence and regulatory expertise, which includes compliance with local regulatory requirements and a nuanced understanding of domestic market dynamics.

AG Network’s support is expected to expedite regulatory approvals and ensure swift market entry for the joint venture.

The joint venture is expected to commence operation in the second half of 2025.

Beyond the joint venture, the partnership aims to explore additional technology collaborations, supporting AG Network’s broader digital transformation initiatives across its diverse business portfolio.

“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,” said Ning Tang, Chairman and Chief Executive Officer of Yiren Digital.

AG Network is a leading Indonesian conglomerate with businesses in finance, retail, agriculture, telecommunications, and manufacturing.

It provides innovative, sustainable finance solutions and banking services, driven by digital innovation and a commitment to financial inclusion.

Yiren Digital is an advanced, AI-powered platform providing a comprehensive suite of financial and lifestyle services in China.

The firm aims to elevate customers’ financial well-being and enhance their quality of life by delivering digital financial services, tailor-made insurance solutions, and premium lifestyle services.

It supports clients at various growth stages, addressing financing needs arising from consumption and production activities, while aiming to augment the overall well-being and security of individuals, families, and businesses.

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