Julo Offers Ease of Access to the Fintech Platform

It is undeniable that digital credit services have been on the rise in recent years. This condition encourages fintech startup Julo to exist as a platform that provides easy access for its users.

For information, based on OJK data, digital credit services will grow to 135 percent year-on-year in 2020. OJK also noted that there was IDR 115 trillion in loan disbursements over the last year.

With this condition, Julo’s CEO and Co-Founder, Adrianus Hitijahubessy, said that Julo as a fintech platform wants his platform to be more easily accessible to all levels of society.

“Julo as a fintech platform must be more accessible to all levels of society, so that it is hoped that it can accelerate the credit absorption process,” said Adrianus in an official statement, Friday (16/4/2021).

Julo himself offers online credit with a limit of up to IDR 15,000,000 and an interest of 0.1 percent per day. Despite presenting digital credit services, Julo still invites borrowers to make good use of it.

Therefore, Julo offers a number of other service features. So, not only disbursing loans in cash, Julo’s credit limit can be used to transact on e-commerce platforms.

“Users can use it to transfer funds, pay for electricity or BPJS Health, buy pulses and data packages, to fill up digital wallets,” said Julo’s Head of Marketing, Mikhal Anindita.

Currently, Julo has served more than 350 thousand customers in 34 provinces throughout Indonesia. The company is also known to have won a number of awards, such as Winner of the Indonesia Fintech Festival (2016), Winner of the UN Fintech Challenge (2018), and Winner of Inclusive Fintech 50 (2019).

“With the JULO digital credit innovation, we want to provide cash and non-cash credit facilities that are easily accessible via smartphones at friendly costs,” said Mikhal closing his statement.

Julo Local Fintech Obtains OJK Permit

For your information, PT Julo Teknologi Finansial (Julo), itself officially pocketed a business license as a company that provides information technology-based lending and borrowing services from the Financial Services Authority (OJK) in June last year.

Previously, Julo, who was founded at the end of 2016, was registered and supervised by the OJK. By increasing its status to become an officially licensed company, Julo will continue to serve and develop innovations for all of its customers, as has always been the case since Julo’s first establishment.

CEO & Co-Founder, Julo Adrianus Hitijahubessy, said this achievement was a huge boost of enthusiasm for the entire team.

“Permission from OJK makes us even more active in realizing the company’s mission and vision to support financial inclusion in Indonesia,” said Adrianus in his statement, Saturday (6/6/2020).

In fact, the growth of loans disbursed by fintech lending increased rapidly to 208.83% year-on-year, with a value reaching IDR 100 trillion in the first quarter of 2020.

Such a large industrial development certainly needs to be balanced with the growth of licensed fintech companies in Indonesia in order to facilitate the public’s need for non-bank loans, which in turn will stimulate the Indonesian economy at large.

Downloaded by More than 1 Million Users

The Julo application, which has been downloaded by more than 1 million users, has international standard certification in implementing an information security management system.

Julo is committed to helping the underbanked community, namely people with limited access to financial services, by providing loans with lower interest rates than other online loans, as well as billing methods that are in accordance with rules and ethics.

Julo is grateful for OJK’s trust in giving permanent operational permits and appreciates all Julo’s customers who have chosen and trusted Julo all this time.

As a licensed fintech, Julo will continue to provide the best for customers and continue to strive to assist the government in encouraging financial inclusion.

“We have a long way to go, hopefully with this new trust, Julo can serve customers better, develop more rapidly, and innovate even faster,” emphasized Adrianus.