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This paper aims to reduce the problems of financial technology companies (Fintech) that are developing in Indonesia, especially in peer to peer (P2P) Lending services. The 4.0 industrial revolution in the economy was marked by the existence of various information technology services that made it easy for the public to develop their business, especially micro small and medium enterprises (MSMEs) by using one of the financial technology services namely, peer to peer lending services. This financial technology company, which is engaged in peer to peer lending, acts as a provider of information technology services that brings together lenders (Investors) and loan recipients (Borrowers) in the network (Online). In practice, in this peer to peer lending service, found many problems that can harm investors and loan recipients as users of financial technology companies. This research uses normative research methods by taking a legislative, case, and conceptual approach. The results showed that the financial technology company is an information technology company, not a Financial Institution so that the Financial Services Authority (OJK) as a regulator cannot be held liable in the event of user harm. The absence of regulations governing financial technology companies results in a lack of legal protection for users who suffer losses.