JULO, an Indonesian peer to peer (P2P) lending platform, has secured $10 million in a Series A2 round of financing.
The new financing was conducted by early-stage venture capital firm Quona Capital, bringing JULO's total Series A funding raised so far to $15 million.
Other backers including Skystar Capital, East Ventures, Provident Capital, Gobi Partners and Convergence Ventures also participated in the Series A extended round.
With the new capital raised, JULO intends to focus on developing the business by extending the team and further improving the quality of its credit scoring system.