Daerah Khusus Ibukota Jakarta Daerah Khusus Ibukota Jakarta
11 Nov, 2019
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.
PRODUCTS & SERVICES:
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.
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.
MEDICI analysts will analyze UangTeman soon
The company has customers in 14 cities in Indonesia and plans to scale to other South East Asian countries by 2020.
DATE OF LAST FUNDING:
SEED CLOSED ON:
SEED PRIOR FUNDING COMMENT:
An undisclosed seed round was raised in September 2016.
$12 Million Closed: Aug 2017
Raised $735,000 in debt financing in September 2016.