UangTeman

UangTeman

  • FOUNDING YEAR: 2014
    LOCATION:
    Indonesia
    REGION:
    Daerah Khusus Ibukota Jakarta Daerah Khusus Ibukota Jakarta
    Last Update:
    11 Nov, 2019
    Global presence:
    Indonesia

Description

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.

PEOPLE

MEDICI analysts will analyze UangTeman soon

TRACTION

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

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$12 Million
DATE OF LAST FUNDING:
Aug 2017
SEED CLOSED ON:
Sep 2016
SEED PRIOR FUNDING COMMENT:
An undisclosed seed round was raised in September 2016.
FUNDING SERIES:
SERIES A
$12 Million Closed: Aug 2017
LISTED:
NO
COMMENT:
Raised $735,000 in debt financing in September 2016.

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