FROM being called вЂworse than loan sharks,' to more basic reviews saying that it is extremely difficult to obtain that loan through the site, UangTeman is surviving, as well as, apparently thriving.
Talking recently to Digital Information Asia (DNA) in Jakarta, its cofounder and ceo Aidil Zulkifli (pic above) admits as a free promotional tool that he struggled with the bad publicity at first, but managed to use it.
вЂњWe are actually nine months old, operating fast and doing pretty much. As a startup, you shouldn't be scared of bad press; you simply should try to learn just how to handle it,вЂќ he says.
UangTeman, or вЂFriend's cash' in English, began operations in 2015, and has been growing 20% to 25% month-on- month since, according to Aidil april.
The services that are financial (fintech) startup dispenses payday advances to individuals in need: tiny, short-term loans to simply help borrowers endure due to their day-to-day requirements until their next paycheque.