INNOVATION AT YOUR FINGERTIPS
Updated: 05/2018
JULO
Indonesia / Jakarta , Indonesia
Pitch
Need cash fast? JULO's AI-based proprietary credit-scoring system offers quick approvals for short-term microloans via its smartphone app.
Why
Limited access to loans
Low-income Indonesians often cannot access credit and fall victim to high-interest loan sharks.
Lengthy loan approval process
Bank loans can take weeks to approve, making it unsuitable for urgent financial needs.
Market
IDR 7 trillion
Loans distributed by fintech-based lenders in Indonesia as of June 2018; expected to triple by December 2018.
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