The search will begin in the new year for suitable service providers to build what will become Fiji’s first ever peer-to-peer lending platform.
The initiative is part of the new Access to Business Funding Act which came into force this month and which is leading first with work on the Small Offer regime as prescribed under the Act.
“As part of the next phase in early 2026, the Implementation Taskforce will issue a Request for Proposals (RFP) to identify and support a qualified respondent to establish Fiji’s first Peer to Peer (P2P) Lending Platform,” the Ministry of Finance and Business Development stated when announcing the new Act early this month.
“The Taskforce intends to invite proposals from software developers, fintech companies, financial service providers and consortia to design, develop and deploy a secure, scalable and user friendly platform operating under the Act to expand financing options for MSMEs.
“An awareness workshop is scheduled for mid-January 2026 to discuss platform features and the RFP details.”
The Act is a product of collaboration between the Fiji Government, the Reserve Bank of Fiji and the Asian Development Bank’s Pacific Private Sector Development Initiative (PSDI) and provides the legal framework of three types of capital raising methods: the small offer regime, equity crowdfunding service and peer-to-peer lending service, the latter two to be conducted through licensed intermediaries.
According to the Ministry, the Act will be implemented in phases, with its implementation to be overseen by the taskforce, whose members comprise of representatives from the Ministry, the Office of the Solicitor – General, the RBF, the MSME Council and PSDI.
