Yiren Digital Partners with klikUMKM to Launch AI-Driven Financial Solutions in Indonesia

Yiren Digital Expands into Indonesian Market

Yiren Digital Ltd. (NYSE: YRD), an AI-powered financial services platform based in China, has announced a strategic partnership with PT. Pinjaman Kemakmuran Rakyat ("klikUMKM") and PT. Artha Digital Investama, members of the Artha Graha Network (AG Network), a prominent Indonesian conglomerate 1

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. This collaboration aims to establish a joint venture (JV) that will introduce innovative AI-driven financial solutions to Indonesia, Southeast Asia's largest economy.

AI Technology Integration

The partnership leverages Yiren Digital's expertise in financial technology, particularly its AI-driven capabilities. The company plans to integrate several key technologies into the JV's operations:

1. Advanced risk management algorithms
2. Automated customer service platforms
3. Data-driven marketing solutions

These technologies are expected to enable the platform to scale efficiently and provide secure, customer-centric financial services tailored to the Indonesian market 2

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Local Market Expertise and Regulatory Compliance

AG Network's contribution to the joint venture includes:

1. Established local market presence
2. Regulatory expertise
3. Compliance with local regulatory requirements
4. Understanding of domestic market dynamics

This local knowledge is crucial for navigating Indonesia's complex business environment and is expected to expedite regulatory approvals, ensuring a swift market entry for the JV 1

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Timeline and Future Plans

The joint venture is scheduled to commence operations in the second half of 2025. Beyond the initial collaboration, the partnership aims to explore additional technology-related opportunities, supporting AG Network's broader digital transformation initiatives across its diverse business portfolio 2

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Strategic Significance

Mr. Ning Tang, Chairman and CEO of Yiren Digital, emphasized the importance of this partnership, stating:

"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." 1

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Market Impact and Financial Inclusion

This collaboration is poised to address the growing demand for accessible financial services in Indonesia. By combining Yiren Digital's AI-powered financial technology with AG Network's local market knowledge, the joint venture aims to develop digital solutions that promote financial inclusion in a country with a population of 281 million 2

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About the Companies

Yiren Digital Ltd. is an advanced, AI-powered platform providing a comprehensive suite of financial and lifestyle services in China. The company focuses on elevating customers' financial well-being and enhancing their quality of life through digital financial services, tailor-made insurance solutions, and premium lifestyle services 1

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Artha Graha Network, headquartered in South Jakarta, is a leading Indonesian conglomerate with businesses spanning financial services, real estate development, retail management, agriculture, and telecommunication. The company is committed to providing innovative, sustainable finance solutions and banking services, driven by digital innovation and a focus on financial inclusion 2

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