UangMe’s Parent Company Bags Over 336 Billion Rupiah
It was led by Gobi Partners, followed by Cheetah Mobile which happens to be the incubator
Kristin Siagian - 13 September 2019
SuperAtom, a financial technology startup under Cheetah Mobile just announced $24 million or equivalent to 336.8 billion Rupiah. This round was led by Gobi Partners through Meranti ASEAN Growth Fund. In Indonesia, they’ve launched a p2p lending platform named UangMe – registered in OJK since July 2018.
SuperAtom will make use of the 60 million mobile Cheetah Mobile internet users in SEA. In fact, the telco took part as the co-lead investor. They’re to target the Philippines next.
On Google Play, UangMe has been downloaded for more than 1 million times and the loan service has been used for over 50 thousand times.
SuperAtom was founded by two, Johnny Li and Scarlett Xiao. As shown on their LinkedIn profile, Johnny is currently active as Cheetah Mobile’s GM of International Business Development.
“Indonesia’s projected to increase GDPR from US$3,800 to US$7,000 within the next 10 years, it shows great potential. In addition, the Philippines shows the same statistic due to 100 million population with GDPR growth of 6.2%,” Scarlett said.
She also mentioned, “We’re preparing to enter the market (Philippines) for we recently acquired a license from the Philippines Securities and Exchange Commission.”
Original article is in Indonesian, translated by Kristin Siagian