Aiming to Accelerate the Fintech Lending Revolution in Indonesia

JAKARTA, Indonesia, 22 December 2022 /PRNewswire/ — Indonesian digital credit provider, PT. JULO Technology Financial (JULO) has named three veteran executives to join its C-suite in Q3 and Q4 2022. The hiring includes Ankur Mehrotra as President, Manoj Awasthi as Chief Technology Officer and Nimish Dwivedi as Chief Business Officer. This leadership strengthening has been done to accelerate CHRISTMAS‘s the main goal of driving the fintech lending revolution Indonesiathrough sustainable innovation and financial inclusion.

Spent 6 years on Grab as its CEO, Ankur Mehrotra built the global lending business of Grab in various Southeast Asia markets, with JULO as the strategic partner for its Indonesia Lending business. Like JULO’s President, Ankur will lead various key areas in the company, including finance, corporate finance and fundraising, corporate strategy and international expansion. “It is an honor for me to join JULO to support their mission of bringing glory to the masses Indonesia. JULO has built a strong, time-tested business with robust risk models and a unique product offering. I’m excited!” so Ankur Mehrotra.

Simultaneous Manoj Awasthi were appointed as JULOs Chief Technology Officer in September 2022. After spending more than 6 years as Senior Vice President of Engineering at Tokopedia, Manoj played a critical role in shaping Tokopedia’s technology foundation from its early stages to the e-commerce giant it is today. With his expertise in business and product-savvy technology development, Manoj hopes to transform product development processes and technology upgrades at the core of fintech business. “Super excited to be part of JULO’s vision and mission to enable financial inclusion through digital credit access. I believe that a solid technology foundation along with continuous innovation will help us serve our users and partners well.” so Manoj Awasthi.

End of the year 2022, Nimish Dwivedi joined JULO’s C-suite as Chief Business Officer to further strengthen JULO’s leadership structure. As a consumer marketing and financial services professional who has lived and worked in Japan, Hong Kong, Singapore, Dubai (UAE) and VietnamNimish looks forward to learning and contributing Indonesia’s dynamic fintech market. With extensive experience building customer-centric businesses at organizations such as Citibank, Standard Chartered, Paypal and at leading local banks and consumer finance players, Nimish is honored and excited to help JULO. “It is a challenging but fantastic opportunity to be part of JULO’s journey towards driving financial inclusion and related economic growth as well as redefining the digital lending landscape.” so Nimish Dwivedi.

Among Indonesia’s 275 million inhabitants, penetration of conventional credit access is considered very low at only around 3% due to lack of proper credit history. Traditional credit scoring models tend to rank such individuals as high-risk borrowers. Therefore, acceleration of the fintech lending revolution is essentially necessary i Indonesia. JULO, with its versatile digital credit functions, offers seamless and easy credit access throughout the country.

“JULO C-level agreements by the end of 2022 serve as our commitment to be the most accessible credit and financial solutions provider in Indonesia. Along with the continuous improvement of technology, product features and strategic partnership, more people will have access to digital credit with JULO. We believe that access to financial services is the key to empowering people to achieve financial stability.” so CEO and co-founder JULO, Adrianus Hitijahubessy.

In mid-2022, JULO has been supercharged with Series B financing from Credit Saison in total USD 80 million to improve credit access for underserved Indonesians. During its relentless journey, JULO continuously brings innovation in the digital credit product to the table with full cash and non-cash features – everything from cash withdrawal and transfer, e-wallet and phone credit top-up, utility bills and e-commerce payment. JULO also has strategic partnerships with recognized partners such as Grab and eFishery to improve financial inclusion among Indonesians. With proactive synergy together with the accommodating fintech ecosystem i Indonesiais JULO obliged to contribute to Indonesia’s financial inclusion target of 90% by 2024.

About CHRISTMAS

JULO is a digital credit company that is revolutionizing access to financial products for millions of new consumers in Indonesia. The company is one of the first to develop digital data-driven credit underwriting and risk assessment platform to process consumer credit applications and determine their creditworthiness using the mobile app.

JULO was founded at the end of 2016 and has expanded across the country. JULO is based in Jakarta and is backed by leading venture capital firms. JULO has been officially licensed as a supplier under OJK circulation no. KEP-16/D.05/2020 on 19 May 2020. JULO has been downloaded more than 10 million times and has facilitated access to credit for hundreds of thousands of customers. JULO has won several awards namely; Winner of Indonesia Fintech Festival (2016), Winner of UN Fintech Challenge (2018) and Winner of Inclusive Fintech 50 (2019). For more information, visit https://www.julo.co.id

SOURCE JULO