Indonesia’s Julo raises $10M to expand its P2P lending platform

Indonesia’s Julo raises $10M to expand its P2P lending platform

5 years ago
Anonymous $4ckUSNo_FL

https://techcrunch.com/2019/09/18/julo-indonesia/

Julo, a peer-to-peer lending platform in Indonesia, said on Wednesday it has extended its $5 million Series A raise to $15 million as it looks to scale its business in the key Southeast Asian market.

The $10 million Series A2 round for the Jakarta-headquartered startup was led by Quona Capital, with Skystar, East Ventures, Provident, Gobi Partners, and Convergence participating in it. The two-year-old startup, which has raised about $16 million to date, is now closing the round, Adrianus Hitijahubessy, co-founder and CEO of Julo, told TechCrunch in an interview.