# Rupiahplus

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rupiahplus

- Industry: Financial Services
- Headquarters: Jakarta, Indonesia
- Website: www.rupiahplus.com
- Total disclosed funding: $0.6M
- Latest round: Angel (Jan 13, 2017)
- Investors on record: 1

## About

Rupiahplus is a digital financial service provider based in Indonesia, specializing in quick and accessible short-term loans through a user-friendly mobile application.Founded in 2017 and headquartered in Jakarta, Indonesia, Rupiahplus provides microloans to individuals, evolving its services to meet local financial needs. The company has successfully raised a total of CNY 4.000 mn through an Angel funding round in April 2018, with 01VC as its investor. It has completed a total of 3 deals.RupiahPlus offers a range of digital financial services primarily focused on providing short-term loans to individuals in Indonesia. Their core product allows users to apply for microloans via a mobile application, which streamlines the loan acquisition process by utilizing technology to assess creditworthiness through instant data analysis. This service addresses the financial needs of customers lacking access to traditional banking facilities, catering primarily to young professionals and small business owners requiring quick financial solutions. The mobile application enhances user experience and accessibility, facilitating borrowers to receive funds directly into their bank accounts within a short time frame, ensuring its offerings are tailored to the local market's needs and financial behaviors.RupiahPlus generates revenue through its microloan services, utilizing a transactional model where customers repay loans with interest. The company has a straightforward structure allowing clients to access loans for specific periods, paying back the principal amount along with a predetermined interest fee upon maturity. This model appeals to individual consumers and small business operators, providing flexible repayment options for various financial situations. The pricing structure typically involves tiered interest rates based on loan amount and duration, giving customers clear expectations regarding repayment terms. Through these transactions, RupiahPlus maintains a direct-to-consumer approach, fostering strong relationships with its client base while ensuring a streamlined process for accessing financial support.Rupiahplus plans to continue developing its mobile application, enhancing features aimed at improving user experience and expanding its service offerings. The company is also looking to explore new markets within Southeast Asia to broaden its customer base. The recent funding round will be strategically used to support these initiatives, focusing on product development and market entry strategies.

## Funding rounds

- Angel, Jan 13, 2017, $0.6M — 01VC

## Investors

- 01VC (https://capitalatlas.ai/funds/01vc) — Angel