Indonesian Digital Lender JULO Baggage US$80 Million Funding From Credit score Saison

Indonesian digital lender JULO introduced that it has secured US$80 million funding from Credit score Saison, a Japanese monetary companies firm affiliated to Mizuho Monetary Group.

This funding contains a mixture of US$30 million in fairness and US$50 million in debt financing by Credit score Saison.

JULO mentioned that the US$30 million fairness might be used to advance JULO’s analytics, for product growth, advertising and marketing, and buyer acquisition plans by hiring further expertise throughout their developer, information scientist and enterprise intelligence groups.

In the meantime, the US$50 million debt financing might be used for loans on the platform.


The funding from Credit score Saison is a part of the corporate’s steady efforts to introduce its monetary companies basis to high-growth fintechs outdoors of Japan through a mixture of capital and shut operational partnerships.

The investments mark the organisation’s subsequent steps to speed up its enlargement into the high-growth and promising Indonesian market.

JULO’s workforce has prioritised accountable lending and collections after having acquired a full license from Indonesia’s Monetary Providers Authority (OJK).

In 2021, JULO launched a digital bank card, which noticed 97% customers utilising non-cash options to top-up e-wallets, prime up cellphone credit, pay utility payments, and course of funds on e-commerce websites.

In 2021, the full variety of funds disbursed by JULO grew by greater than thrice as in comparison with the 12 months prior and the corporate goals to extend its mortgage e book by greater than 5 occasions within the subsequent 12 months.

Kosuke Mori

Kosuke Mori

“JULO has emerged from the previous few years as a resilient and COVID-proven enterprise with greater than US$300M disbursements beneath its belt so far.


We stay up for becoming a member of arms with them on this subsequent part of development to speed up monetary merchandise that can drive actually significant change for people in Southeast Asia,”

mentioned Kosuke Mori, Senior Managing Government Officer and Head of International Enterprise at Credit score Saison.

Adrianus Hitijahubessy

Adrianus Hitijahubessy

“JULO is already being utilized by Indonesians all through their monetary lives – 72% of loans are used for enchancment functions akin to enterprise capital, house renovation and training.


By becoming a member of arms with Credit score Saison, now we have a contemporary alternative to take this considerably additional by re-envisioning what the way forward for conventional lending ought to appear like to really uplift the area’s most underserved,”

mentioned Adrianus Hitijahubessy, CEO and Co-Founding father of JULO.


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