Indonesia’s Julo Raises $10M to Expand Its P2P Lending Platform
Through its eponymous Android app, Julo provides loans of about $300 to users at aggressively competitive rate of 3-5% per month.
Through its eponymous Android app, Julo provides loans of about $300 to users at aggressively competitive rate of 3-5% per month.
East Ventures telah berinvestasi di sektor keuangan atau financial technology sejak tahun 2014, dan telah exit dari tiga startup pada tahun 2018.
East Ventures have invested in financial technology or fintech sector since 2014, and have exited three companies by 2018.
Those cities are part of Julo’s plan to expands to all over Indonesia. it also expected to support OJK's target for financial inclusion.
Julo plans to use the fresh fund to grow its team and accelerate the growth of its loan portfolio to address the needs of many Indonesians.
Julo will use the capital to accelerate financial inclusion in Indonesia, focusing on 100 million underbanked people to obtain loans for their personal use.