Makmuri’s appointment is the first amongst a series of executive transitions at UangTeman as it prepares to scale services throughout Southeast Asia and finalises its Series B funding round
Makmuri’s appointment is the first amongst a series of executive transitions at UangTeman as it prepares to scale its service throughout Indonesia and Southeast Asia and finalises its Series B funding round.
Based in Jakarta, Makmuri has previously served as CTO of Kudo, a provider of e-commerce kiosks, during its acquisition by Grab in 2017. Prior to this, he held the role of CEO of social commerce platform Kaskus in 2013 and 2014.
In the new role, Makmuri will be responsible for leading UangTeman’s efforts to scale its technology, R&D and drive towards a more automated and scalable digital lending technology framework. He will also focus on delivering technology solutions to solve operational problems, such as credit underwriting, disbursement and collections in UangTeman.
For over 20 years, Makmuri honed his business, product management, finance, and technology skills in several startups in Silicon Valley as a senior consultant to major corporations, and as VP (Internet Banking Technology) at Bank of America. In the last few years, numerous startups and incubators in Silicon Valley and Southeast Asia have also benefited from his strategic and detailed mentoring.
“Sukan is a transformational leader, who has successfully scaled up two major Indonesian startups in his career. His achievements prove a deep understanding of what it takes to drive, nurture and guide local technology talents to survive hyper growth. With operations in 13 cities across Indonesia and imminent Southeast Asia expansion, UangTeman will greatly benefit from Sukan’s years of experience,” said Founder and CEO Aidil Zulkifli.
Started in 2015, the UangTeman app (available on iOS and Android) provides short-term microloans to consumers and microbusinesses through its platform. The firm claims that it has seen steady growth with more than US$18 million in microloans underwritten digitally to date.
Last August, the startup raised US$12 million in Series A round in debt and equity, led by K2 Venture Capital. Previously, the startup secured an undisclosed amount in pre-Series A round of equity funding, led by a “major Southeast Asian banking group”.
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