KONTAN.CO.ID - JAKARTA. The Financial Services Authority (OJK) has recorded continued growth in financing disbursement by multifinance companies affiliated with Sole Agents (ATPMs).

As of September 2025, the value of financing receivables affiliated with ATPMs rose 6.80% year-on-year (YoY) to IDR 228.52 trillion.

Responding to this trend, PT Clipan Finance Indonesia Tbk (CFIN) assessed several advantages that enabled multifinance companies affiliated with ATPMs to record positive performance amidst the sluggish automotive market.

Clipan Finance's President Director, Harjanto Tjitohardjojo, stated that exclusive access to a captive market is a key factor.

"This automatically generates financing from every dealer sale," he told Kontan.co.id on Thursday (November 20, 2025).

Harjanto added that integration with the ATPM distribution system also speeds up the approval process and opens up opportunities for joint promotions.

However, he emphasized that this situation is more pronounced in multifinance companies directly affiliated with ATPMs.

As an independent multifinance company, Clipan Finance distributes financing directly to dealers, so it is not specifically recorded as financing through ATPMs.

Nevertheless, Harjanto stated that Clipan Finance's automotive financing portfolio continued to grow as of October 2025. He did not specify the magnitude of the growth.

This growth, he continued, was driven by expanding collaborations with several new ATPMs from various brands throughout 2025.

Clipan Finance is also focusing on credit quality, product diversification, and a more customer-centric service approach to maintain competitiveness.

In terms of performance, Clipan Finance has disbursed new financing totaling IDR 4 trillion as of October 2025.