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JULO is a technology company.
JULO operates a digital lending platform, offering personal loans, paylater options, and online bill payment services via its mobile application. It leverages advanced artificial intelligence, big data, and machine learning for credit assessment, providing efficient and secure financial access to a broad user base. This technology-driven approach underpins its ability to facilitate rapid credit decisions and disbursements.
Established in late 2016, JULO was founded by Adrianus Victor Hitijahubessy, who brought extensive microcredit and consumer analytics experience from his background at Capital One. The company’s name, inspired by Indonesia's traditional "julo-julo" communal lending, reflects an insight into local financial needs and a commitment to modernizing access through technology.
JULO targets Indonesia's largely underserved population, expanding crucial financial access beyond conventional banking. Its core mission is to foster widespread financial inclusion, empowering individuals with responsible and flexible credit options. The company ultimately aims to improve societal welfare and economic participation nationwide through its digital financial services.
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 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.
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 across 3 funding rounds. Most recently, it raised $80.0M Debt / Other Equity in April 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 13, 2022 | $80.0M Debt / Other Equity | Kosuki Mori | |
| Feb 1, 2022 | $60.0M Series B | B Capital Group, Quona Capital | |
| Sep 1, 2019 | $10.0M Series A | Quona Capital | B Capital Group, Adrian Li, Willson Cuaca, Gobi Partners, Provident, Abraham Hidayat |