Jakarta, Indonesia – Ankur Mehrotra, formerly a managing director of Grab Financial Group, has joined the Indonesian digital lending firm Julo as its president, Bloomberg reports.
In his new role, Mehrotra will be responsible for Julo’s overall strategy and corporate finance, including international expansion, fundraising and mergers and acquisitions.
During his stint at Grab Financial, he founded Grab’s lending business and led it to become one of the largest digital lenders in SEA. In addition, he was also the CEO of Grab’s fintech lending Joint Venture (GFSA) that provided financing to consumers, drivers and SMEs.
Lastly, Mehrotra also founded Grab’s Insurtech business, incubated it and continued as a board member of Grab’s Insure-tech JV with Zhonghan International.
He also served as a managing director of corporate finance at Grab, as well as a founder and CEO of F&B discovery platform Abratable. He has also experience working with Standard Chartered and the International Monetary Fund.
Julo is backed by Japanese credit card company Credit Saison, who was the prime investor in Julo’s US$80m funding. The lending firm allows users in Indonesia to withdraw and send cash, make online purchases and pay bills.
