JAKARTA, October 20, 2020 -- UangMe, a leading trusted financial services company in Indonesia, today announced it ranks among 50 financial services companies in the global financial technology (fintech) Inclusive Fintech 50.

Vincent Jaya Saputra, President Director said, “UangMe is committed to continue to be an innovative P2P platform that supports a financial inclusion to provide financial solution to the underbanked. Also, I’d like to appreciate to all our partners who enable us for the award and for the judging panels trust selecting us.”

The 50 fintech were selected from a pool of 403 eligible applicants operating in 111 countries based on four criteria: inclusiveness, innovation, scale potential, and traction. 35 experts from venture capital, technology and financial services firms identified the most promising startups providing credit, insurance, saving and other critical products to low-income household and business that are particularly vulnerable to financial shocks like the COVID-19 economic crisis.

As one of the winners, UangMe demonstrates the power of financial technology expand access, usage and quality of financial services in East Asia and Pacific markets.

“The final 50 were selected based on strong product-market fit, the experience of their leadership team, and their potential to scale and reach underserved populations,” said Brad Jones, CEO of Wave Money and one of the expert judges.

UangMe was founded in 2018 to provide unsecured short-term loans and installment loans to underbanked individuals through its mobile lending application. The aim of UangMe is in line with the theme of the Inclusive Fintech 50 competition.