Indonesian digital lending platform JULO has reportedly secured fresh funding from its existing shareholders, according to a report by DealStreetAsia.
The company is said to have raised up to $5 million from several of its key investors, which are believed to include Credit Saison, Quona Capital, Skystar Capital and East Ventures. Sources familiar with the matter indicated that the funding round was likely completed several months ago.
JULO is a financial technology company focused on developing a financial super app for the Indonesian market. The business initially established itself in the digital lending sector, where it has gained strong market adoption, with hundreds of thousands of Indonesians using its platform to access credit services.
The company’s mission is to improve the financial wellbeing of millions of people across Indonesia by providing accessible financial solutions while building a long-term business that can create lasting value for future generations.
