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§ Private Profile · Jl. Casablanca Raya Kav. 88, RT.14/RW.5, Menteng Dalam, Tebet Jakarta, DKI Jakarta 12820, ID
Financial technology company offering digital credit services and financial super app features for individual consumers, focused on unbanked Indonesians.
JULO is a financial technology company based in Jakarta, Indonesia, providing digital credit services and online cash loans through a mobile application with data-driven underwriting. The platform matches borrowers with institutional lenders and has expanded into a financial super app, offering e-wallet top-ups and bill payments, aiming to improve financial well-being for unbanked Indonesians. Officially licensed by OJK in May 2020, JULO has raised over $95 million in total funding, with notable investors including Credit Saison, Central Capital Ventura, MDI Ventures, Gobi Partners, and East Ventures. The company has facilitated over $300 million in disbursements, employs between 501-1000 individuals, and serves hundreds of thousands of customers, with its app downloaded over 5 million times. JULO was founded in 2016 by Adrianus Hitijahubessy, Victor Darmadi, and Hans Sebastian.
JULO has raised $150.0M across 3 funding rounds.
JULO has raised $150.0M in total across 3 funding rounds.
JULO has raised $150.0M across 3 funding rounds. Most recently, it raised $80.0M Debt / Other Equity in April 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 13, 2022 | $80M Debt Financing | Kosuki Mori | — | Announced |
| Feb 1, 2022 | $60M Series B | — | B Capital Group, Quona Capital | Announced |
| Sep 1, 2019 | $10M Series A | Quona Capital | B Capital Group, Adrian LI, Willson Cuaca, Gobi Partners, Provident, Abraham Hidayat | Announced |
JULO is an Indonesian financial technology company that builds a digital credit platform and is evolving into a financial super app. It primarily serves emerging and underbanked consumers in Indonesia by providing accessible, flexible digital credit products such as unsecured personal loans, virtual credit cards, pay-later options, and bill payment services. JULO addresses the problem of limited credit access and low credit card penetration in Indonesia, enabling users to manage e-wallet top-ups, e-commerce purchases, education, and healthcare payments. The company has demonstrated strong growth, serving over 2 million Indonesians and securing significant funding rounds, including an $80 million Series C in 2022 to expand its reach and product offerings[1][2][3][4].
Founded in 2016 and headquartered in Jakarta, JULO was created to improve financial inclusion in Indonesia by leveraging technology and data-driven credit underwriting. The founders, including Adrianus Hitijahubessy, envisioned a platform that could provide responsible, transparent credit to underserved populations. Early traction came from successfully launching digital lending products that quickly gained hundreds of thousands of users. The company’s evolution from a lending-focused fintech to a broader financial super app reflects its ambition to become a comprehensive digital financial services provider for Indonesians[1][2][3].
JULO rides the global fintech trend of digital financial inclusion, particularly in emerging markets where traditional banking services are limited. The timing is critical as Indonesia’s large underbanked population increasingly adopts smartphones and digital services. Market forces such as rising e-commerce, mobile payments, and regulatory support for fintech innovation favor JULO’s growth. By offering instant, flexible credit and expanding into a financial super app, JULO influences Indonesia’s broader ecosystem by enabling millions to access credit and financial services previously out of reach, thus driving economic participation and digital finance adoption[1][2].
Looking ahead, JULO aims to deepen its financial super app capabilities, expanding beyond lending into a full suite of digital financial services. Trends shaping its journey include increasing smartphone penetration, growing digital literacy, and regulatory frameworks supporting fintech innovation in Indonesia. JULO’s influence is likely to grow as it scales its user base and product offerings, potentially becoming a cornerstone of Indonesia’s digital economy and a model for fintech-driven financial inclusion in Southeast Asia. Its commitment to innovation and financial empowerment positions it well for sustained impact and leadership in the fintech space[1][2][4].
JULO has raised $150.0M in total across 3 funding rounds.
JULO's investors include Kosuki Mori, B Capital Group, Quona Capital, Adrian Li, Willson Cuaca, Gobi Partners, Provident, Abraham Hidayat.