Indonesia Digital Lending Startup Julo Working Toward IPO
- Fintech upstart records 73% revenue growth on loan demand
- Jakarta company expects 2024 to be its first profitable year
This article is for subscribers only.
Julo, an Indonesian online lending startup, said it’s working toward an initial public offering as its annual revenue nears $100 million.
The company is speaking with investors for a pre-IPO financing round and has started exploring options for a public listing, it said in a statement on Monday, without disclosing details.