Is Blossom Finance in compliance with Indonesian laws and regulations?

Is Blossom Finance's platform supported by the Indonesian government? Can Blossom Finance legally conduct business in Indonesia?

Investments on the Blossom platform are pursuant to an Investment Agreement with Koperasi Jasa Gerbang Digital Nasional, an Indonesia Cooperative (NIB 0214010200273) which is licensed by the Ministry of Cooperatives to manage investments and conduct financing with Indonesian individuals and small businesses.

While the Indonesian government does not officially promote individual commercial platforms, Blossom's executives have been a featured speaker at multiple Indonesian government events organized by the likes of Bank Indonesia (central bank), Ministry of Finance (Kementerian Keuangan), KNEKS (national office of syariah finance & economy), and others.