UangTeman

lendingp2p lending

FOUNDING YEAR: 2014
LOCATION:
Last Update: 05/07/2020

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

About

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.

Focus

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.

MAIN CLIENTS

Business

EXISTING PARTNERSHIPS

Fincare Small Finance Bank

Lok Bank Partnership

COMMENT

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.

Traction

OTHER INFO:

The company has customers in 14 cities in Indonesia and plans to scale to other South East Asian countries by 2020.

People

FOUNDERS

Muhammad Aidil Bin Zulkifli (CEO)

Aidil Zulkifli

BOARD MEMBERS AND ADVISORS

Stanley Wang

Steve Ting

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Alpha JWC Ventures

Alpha JWC Ventures

Draper Associates

Draper Associates

Draper Associates

Global Brain Corporation

Global Brain Corporation

K2 Ventures

Pegasus Tech Ventures

Pegasus Tech Ventures

Spiral Ventures

Spiral Ventures

STI Financial Group

Momentum

FUNDED

YES

TOTAL FUNDING

$12 M

DATE OF LAST FUNDING

Aug 2019

SEED PRIOR FUNDING COMMENT

An undisclosed seed round was raised in September 2016.

FUNDING SERIES

SERIES A  · $12 M  · Aug 2017

LISTED

NO

COMMENT

Raised $735,000 in debt financing in September 2016.

BASICS

FOUNDING YEAR:

2014

LOCATION:

Views:

79 VISITORS | 98 VIEWS
LATEST FUNDING ROUND

$12 M

TOTAL EMPLOYEES
51-200

About

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.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

Focus+
Momentum+
Traction+
People+
Other+

Join the exclusive global FinTech community

Be a part of the global FinTech community on Slack