Credit Saison Accelerates JULO’s Ambition
to Re-envision Traditional Cash Loans in
Indonesia with Strategic $80M Investment

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JULO
JULO. (Source: Priv. Doc.)

Jakarta, IO – JULO’s digital lending business will be supercharged with fresh support and US$80M of funding from Credit Saison, aiming to improve credit access for Indonesians underserved by traditional lenders and BNPL (buy-now-paylater) platforms. 

This funding includes a mix of US$30M equity and US$50M debt, fully-funded by Credit Saison. Investors from previous rounds include Skystar Capital, Saratoga Investama, East Ventures, Quona Capital, Central Capital Ventura, MDI Ventures, Gobi Partners and others. 

“Credit innovation requires a deep understanding of local consumer behaviors and needs, in order to truly improve the financial health of all. JULO has emerged from the past few years as a resilient and COVID-proven business with more than US$300M disbursements under its belt to date. We look forward to joining hands with them in this next phase of growth, with the intention to accelerate financial products that will drive truly meaningful change for individuals in Southeast Asia,” said Kosuke Mori, Senior Managing Executive Officer and Head of Global Business at Credit Saison Co., Ltd. The investment from Credit Saison is part of the Company’s continuous efforts to introduce its financial services foundation to high-growth fintechs outside of Japan, via a combination of capital and close operational partnerships. 

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The investments mark the organization’s next steps to accelerate its expansion into the high-growth and promising Indonesian market. 

This investment strategy builds on Credit Saison’s existing activities in emerging markets via Saison Capital, the corporate venture capital arm with a focus on discovering startups with an opportunity to build embedded finance capabilities.