Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive WhatsApp community where you can engage in discussions with global industry experts!
UangTeman is an online lending platform that offers unsecured microloans to borrowers based in Indonesia. The platform enables users to apply for loans through their mobile phone by using only their ID card and their latest selfie. The platform determines the creditworthiness of applicants by leveraging big data analytics and disburses loans directly into the applicants account after successful verification. It is one of the first P2P Cash lenders to be granted the permanent license by OJK.
UangTeman offers an online lending service that disburses short-term microcredit loans to Indonesian consumers. Users can apply for loans up to 6 million Rupiah for a maximum repayment period of 30 days. It offers a big data-powered credit risk algorithms that can determine the credit score of loan applicants.
Fincare Small Finance Bank
Lok Bank Partnership
With its patented proprietary underwriting technology it claims to be the strongest credit underwriting database with historical borrowing data for more than 80,000 customers. The proprietary Credit Risk Engine (powered by machine learning) has been trained for more than 3 years. It has a comprehensive Lending Infrastructure & Functions including sales and marketing, operations, underwriting, and collections, and risk management.
The company has customers in 14 cities in Indonesia and plans to scale to other South East Asian countries by 2020.
Sign up for 7 days free trial with MEDICI Inner Circle to follow and track profiles you care about.