JULO rolls out instant virtual credit facility JULO Turbo in Indonesia

By Gloria Mathias

JULO, an Indonesia-based FinTech company, has launched JULO Turbo, an instant virtual credit card product that provides a digital credit limit in just 5 minutes.

With a re-engineered onboarding process leveraging digitalized verification, AI-based credit scoring, big data, and advanced analytics, the app enables customers to get and start using their virtual credit cards instantly after installation.

“JULO Turbo is a breakthrough product created with the objective of making financial inclusion even more convenient through rapid accessibility. It empowers customers to move from click to cash and from download to transaction in just a few minutes to manage any situation that requires immediate fund access. We have added a layer of speed to financial inclusion,” said Nimish Dwivedi, Chief Business Officer of JULO Group.

The product feature can be accessed through any smartphone across Indonesia and provides a whole range of transaction options, including bank transfers, e-wallet top-ups, e-commerce payments, utility bill payments, phone credit top-ups and train ticket bookings.

Recently, the platform has also launched an innovative education feature that allows customers to finance any education expense across any school, college, or university nationwide to ensure uninterrupted access to education for its valued customers.

This milestone showcases JULO’s commitment to its vision of empowering customers to improve their quality of life. “For the last 6 years, JULO has focused on accessibility of financial services and financial inclusion. Now with incredibly fast digital credit access, JULO Turbo will help to accelerate financial inclusion further,” noted Adrianus Hitijahubessy, CEO & Co-founder of JULO.

JULO is a FinTech company improving access to financial products for emerging consumers in Indonesia. The company has developed a digital data-driven credit underwriting and risk assessment platform to process consumer credit applications and determine their creditworthiness using its mobile app.