Last JULO valuation
$200M
Undisclosed stage · Jul 2026
Last JULO funding round
$5M
Undisclosed stage · Jul 2026
Cumulative funding JULO raised
$110M
across 5 funding rounds
Key investors in JULO
East Ventures
Gobi Partners
Quona Capital
Credit Saison
Skystar Capital
Convergence Ventures
About JULO
JULO is a Jakarta-based fintech providing unsecured personal loans to smartphone users in Indonesia since 2016. The platform uses alternative credit scoring via telco data and device information to approve loans up to IDR 20 million at rates below 1% daily. It partners with banks like BCA and rewards repeat borrowers with cashback and higher limits.
Founded
2016
HQ
JakartaWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Valuation
$200M (Jul 2026)
JULO Valuation
JULO is currently valued at $200M, based on its undisclosed-stage round in July 2026.
The $5M round included Skystar Capital, East Ventures, Credit Saison and Quona Capital.
JULO's valuation has moved from $200M at its strategic investment round in April 2022 to $200M in July 2026, across 2 priced rounds.
JULO valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jul 2026 | Undisclosed stage | $200M |
| Apr 2022 | Strategic investment | $200M |
JULO Funding History
JULO has raised a total of $110M across 5 funding rounds.
JULO's first fundraising round was a $5M Series A in May 2018. The most recent completed round was a $5M undisclosed-stage round in July 2026.
JULO funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2026 | Undisclosed stage | Skystar Capital; East Ventures; Credit Saison; Quona Capital | $5M | $200M | JULO, an Indonesian digital lending platform, secured US$80 million in funding from Credit Saison, structured as US$30 million in equity and US$50 million in debt fully funded by Credit Saison. The deal, completed in 2022 as JULO's Series B round, post-financing valued the company at US$200 million. Credit Saison accelerated JULO's ambition to re-envision traditional cash loans in Indonesia by improving credit access for underserved populations not served by conventional lenders or BNPL platforms. The US$30 million equity will advance JULO's analytics, product development, marketing, and customer acquisition through hiring talent across developer, data scientist, and business intelligence teams. The US$50 million debt facility will fuel loan financing on JULO's platform. JULO, headquartered in Jakarta, has disbursed USD 1.7 billion in digital financing across Indonesia over nine years. Previous investors include Skystar Capital, Saratoga Investama, East Ventures, Quona Capital, Central Capital Ventura, MDI Ventures, and Gobi Partners. |
| Apr 2022 | Strategic investment | Credit Saison (lead) | $30M | $200M | JULO is an Indonesia-based fintech providing digital lending services through an app, offering unsecured consumer loans with interest rates of 6-10% per month and loan sizes up to US$555. The company targets underserved Indonesians for cash loans, fund withdrawals, phone top-ups, bill payments, and productive uses like business capital, home renovation, and education, with 72% of loans for improvement purposes. As of the funding announcement, JULO had disbursed over US$300M cumulatively and served more than 500,000 active users. On April 13, 2022, JULO raised funding from Credit Saison, structured as US$30M equity plus US$50M debt (total US$80M), with the equity portion via B2 shares and options for another US$30M in B3 shares according to ACRA filings. Post this Series B financing, JULO was valued at US$200M. Previous investors include Skystar Capital, Saratoga Investama, East Ventures, Quona Capital, Central Capital Ventura, MDI Ventures, and Gobi Partners. Credit Saison, affiliated with Mizuho Financial Group, acts as the sole corporate investor with global lending expertise, providing governance and expansion support into other emerging markets. The US$30M equity funds analytics advancement, product development, marketing, customer acquisition, and hiring in developer, data science, and business intelligence teams. The US$50M debt facility fuels loan disbursements on the platform. Credit Saison highlighted JULO's resilience through COVID and local market understanding to improve financial health in Southeast Asia, positioning it for hyper-growth in Indonesia's promising fintech landscape. |
| Feb 2022 | Series B | Credit Saison (lead); Gobi Partners; Saratoga Investama Sedaya; AC Ventures; PT Surya Nuansa Stories; Saratoga Investment; Central Capital Ventura; Quona Capital | $60M | - | JULO is an Indonesia-based fintech providing digital financial services, primarily digital lending to the middle-income segment using holistic behavioral data for underwriting, including virtual credit cards. The company secured a Series B funding round in April 2022 raising $30 million in equity plus $50 million in debt from investors including Credit Saison (lead), Central Capital Ventura, Gobi Partners, Quona Capital, Saratoga Investama Sedaya, and others, with funds allocated to data analysis, product development, marketing, customer acquisition, and loan facilitation. JULO reported total funding of around $95-105 million across multiple rounds by 2022. In 2023, JULO achieved annual recurring revenue over $120 million, a 73% revenue increase nearing $100 million, loan disbursements of $454 million (50% YoY growth), cumulative disbursements approaching $1 billion since 2016, and operational profit breakeven in December 2023, with 70-75% cohort retention. The company aims for full profitability by end-2024 and an IPO, building a neobanking platform for Indonesia's $100 billion middle-market opportunity, partnered with Credit Saison, Bank Sampoerna, and Superbank. |
| Sep 2019 | Series A | Quona Capital (lead); Provident Capital; Skystar Capital; East Ventures; Gobi Partners; Convergence Ventures | $10M | - | JULO is an Indonesian digital financial platform specializing in financial inclusion for underbanked consumers. The company provides individuals with access to quick and convenient loans through an online application, utilizing technology and data analytics to assess creditworthiness and offer personalized loan products. In September 2019, JULO completed a Series A2 funding round of $15 million. |
| May 2018 | Series A | East Ventures (lead); Skystar Capital (lead); Provident Capital; Heyokha Brothers; Gobi Partners; Convergence Ventures; Central Capital Ventura | $5M | - | JULO, an Indonesian fintech providing digital credit solutions, raised a US$10 million Series A funding round in 2018 from investors including East Ventures and Skystar Capital. The company, founded in 2016, offers accessible financing for user needs such as business capital, education, home renovations, and healthcare. JULO secured its OJK operating license in May 2020 and has since expanded services nationwide. |
Who has invested in JULO?
13 investors have backed JULO across its funding rounds, including East Ventures, Gobi Partners, Quona Capital, Credit Saison, Skystar Capital and Convergence Ventures.
Lead investors include Credit Saison, Quona Capital, East Ventures and Skystar Capital.
JULO Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Jakarta | 3 | Lead | May 2018 | |
| Jakarta | 3 | Lead | May 2018 | |
 Kuala Lumpur | 3 | Participant | May 2018 | |
 Tokyo | 3 | Lead | Feb 2022 | |
 Washington, DC | 3 | Lead | Sep 2019 | |
 Gurgaon | 2 | Participant | May 2018 | |
| Jakarta | 2 | Participant | May 2018 | |
| Jakarta | 2 | Participant | May 2018 | |
| Jakarta | 1 | Participant | May 2018 | |
| Jakarta | 1 | Participant | Feb 2022 | |
| Indonesia | 1 | Participant | Feb 2022 | |
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Start Free TrialJULO Competitors
JULO competitors include listed companies like X Financial and Better Home & Finance, and private ones like Qred, Froda, SarvaGram and Bynk.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Stockholm | Private | - | - | $200M | - | |
| Sweden | Private | - | - | $195M | - | |
| Mumbai | Private | $33M | - | $191M | 5.8x | |
| Stockholm | Private | - | - | $216M | - | |
 China | Publicly listed | $1.1B | $258M | $181M | - | |
| United States | Publicly listed | $207M | ($152M) | $231M | 4.0x |
JULO Public Comps
JULO is still privately-owned, but its public comps include Solvar, X Financial, Kina Securities, Eleving Group, Better Home & Finance, DeFi Development, White River Bancshares, Net Protections Holdings, Quantgroup Holding and Multitude.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $135M | $62M | 4.4x | 4.3x | 9.6x | 8.7x | |||
| $1.1B | $258M | 0.1x | - | 0.3x | - | |||
| $139M | - | 1.6x | 1.8x | - | - | |||
| $288M | $60M | 2.7x | 2.6x | 12.9x | 5.0x | |||
| $207M | ($152M) | 3.8x | 4.0x | (5.2x) | (11.1x) | |||
| $11M | ($64M) | 24.3x | 18.3x | (4.3x) | (42.4x) | |||
| $57M | - | 2.8x | - | - | - | |||
| $162M | $30M | 1.0x | 1.0x | 5.5x | 5.1x | |||
This data is available for Pro users. Sign up to see all JULO competitors and their valuation data. Start Free Trial | ||||||||
Common questions about JULO
| When was JULO founded? | JULO was founded in 2016. |
| Where is JULO headquartered? | JULO is headquartered in Jakarta, Indonesia. |
| Is JULO publicly listed? | No, JULO is a private, VC-backed company. |
| What is JULO's valuation? | JULO was last valued at $200M in its undisclosed-stage round in July 2026. |
| How much funding has JULO raised? | JULO has raised $110M across 5 funding rounds. |
| What was JULO's last funding round? | JULO's last funding round was a $5M undisclosed-stage round in July 2026. |
| Who are JULO's investors? | JULO's investors include Skystar Capital, East Ventures, Gobi Partners, Credit Saison, Quona Capital, Provident Capital, Convergence Ventures, Central Capital Ventura, Heyokha Brothers, Saratoga Investama Sedaya and 3 others. |
| Which companies are comparable to JULO? | Companies comparable to JULO include Qred, Froda, SarvaGram, Bynk, X Financial and Better Home & Finance. |
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