Fintech PR
Leading Indonesian Fintech JULO Pioneers Healthcare Financing for Any Hospital, Any Dentist, Any Clinic in a Few Clicks
JAKARTA, Indonesia, March 19, 2024 /PRNewswire/ — Continuing its commitment to financial inclusion in Indonesia, JULO has launched a distinctive nationwide healthcare financing feature. JULO Health is now available to finance Indonesians’ healthcare needs across any of the nation’s health facilities – from hospitals, clinics, dental care, pharmacies, to laboratories and diagnostic centers – in just a few in-app clicks with monthly installment options.
A survey done by Global Health Service Monitor indicates that 59% of Indonesia’s 278 million population is concerned that high treatment costs will make healthcare access challenging. This challenge is multiplied due to Indonesia’s medical inflation, which can reach 13.6% annually, about four times the general inflation rate. The high cost of treatment combined with medical cost inflation can create a significant financial burden.
Chief Business Officer at JULO Group, Nimish Dwivedi, stated, “Medical expenses are often urgent and extremely time-sensitive. With the launch of healthcare financing in the JULO app, patients can settle their healthcare payments across any hospital, clinic, pharmacy or diagnostic center quickly with just a few clicks. Our aim is to improve our customer’s overall health besides their financial health.”
Irene, a JULO user from Papua shared her experience, “I had difficulty in funding my child’s medical treatment. It was really urgent and there were no friends or family who could help at the time. Fortunately, I tried JULO and immediately got a sufficient credit limit to use. That really saved my child.” Another user, Dina from Yogyakarta, a JULO user since 2021, also shared a similar experience. “My child was in a critical condition and had to be taken to the hospital, but I didn’t have health insurance. So, I tried using JULO. The process was quick and my child was able to receive immediate treatment. I don’t know what would have happened if I hadn’t turned to JULO at that time.”
While there are plenty of cash loan options, nationwide healthcare financing is a clear gap which JULO aims to address. For JULO’s 2 million and growing user base, this new feature is in addition to an array of cash and non-cash features. These include a host of day to day expenses such as utility bills, train tickets and many others. Users can get up to 50 million rupiah credit limit equivalent to USD 3,000 to make payments for these in just a few clicks, with the convenience of 9 months installment options.
Throughout 2023, JULO has launched a range of product innovations to promote financial inclusion for Indonesians. These innovations include JULO Education, a financing service dedicated to supporting the advancement of education in Indonesia, covering more than 250,000 formal and non-formal educational institutions across the nation. Also, JULO Cares, which offers a unique existing gadget protection cover so customers never lose access to their JULO app. “The launch of JULO Health underlines our commitment to provide our valued customers with innovative benefits that empower them and enrich their lives on an ongoing basis,” stated Adrianus Hitijahubessy, Co-founder of JULO.
About JULO
JULO is an Indonesian leading fintech company that is revolutionising access to financial products for millions of emerging consumers in Indonesia. Founded in 2016, JULO has expanded nationwide. JULO is based in Jakarta and is backed by leading investors including Credit Saison, Skystar Capital, Saratoga Investama, East Ventures, Quona Capital, Central Capital Ventura, MDI Ventures, Gobi Partners and others. Since then, JULO has been supercharged with rounds of funding – including Series A funding of US$10 million in 2018 and Series B funding of US$80 million in 2022.
JULO has been downloaded more than 10 million times and has facilitated credit access to more than 2 million customers. JULO also has won several awards namely; Winner of Indonesia Fintech Festival (2016), Winner of UN Fintech Challenge (2018), Winner of Inclusive Fintech 50 (2019) and Gold Winner of Marketing Excellence Awards Indonesia 2023 – Excellence in Brand Awareness. For more information, visit https://www.julo.co.id
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View original content:https://www.prnewswire.co.uk/news-releases/leading-indonesian-fintech-julo-pioneers-healthcare-financing-for-any-hospital-any-dentist-any-clinic-in-a-few-clicks-302092741.html
WEST ATLANTIC CITY, N.J., March 14, 2025 /PRNewswire/ — The Great Bay Insurance Group (the “Group”), a leading provider of coastal homeowners’ insurance in New Jersey, today announced the following leadership changes. Timothy J. Byrne, Jr., has been named as President of the Group and Ronald R. Lovatt has been named President of Great Bay Insurance Company, a wholly owned affiliate of the Group.
Mr. Byrne Jr. has nearly 15 years of industry experience and previously served as the Group’s Chief Operating Officer overseeing the Groups operations and underwriting strategies.
Mr. Timothy J. Byrne, Sr., Chief Executive Officer of the Group, added, “I’m excited to announce the promotion of Tim Jr. to the role of President of The Great Bay Insurance Group and Ron to the role of President of Great Bay Insurance Company. Tim Jr. and Ron have been an integral part of the Group since its founding in 2019.”
As President, Tim Jr. will provide oversight for all corporate support functions and will continue to report to Tim Sr.
Mr. Byrne Jr. holds a BS in Economic and Mathematics from the University of Vermont, an MBA in Risk Management and Insurance from St. John’s University and holds a CPCU designation.
Mr. Lovatt has 40 years of broad insurance industry experience in leadership capacities with international, national, regional and start-up insurance companies. Ron is a founding member of The Great Bay Insurance Group, working with Tim Sr. & Tim Jr. to launch Great Bay in late 2019. Ron currently serves as Chief Underwriting Officer & Chief Claims Officer for The Great Bay Insurance Group, has an MBA from The Wharton School of the University of Pennsylvania, and a Bachelor of Science degree in Economics, Finance, Accounting & Marketing from Miami University.
Contact:
Investor Relations
Brian Schleider, CPA
Chief Financial Officer
609-434-2000, x102
brian.schleider@greatbayinsure.com
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View original content:https://www.prnewswire.co.uk/news-releases/great-bay-insurance-group-announces-executive-changes-302401923.html
Fintech PR
Forward Global responds to surge in UK shareholder activism with launch of UK Corporate Contests Practice
LONDON, March 14, 2025 /PRNewswire/ — International risk management firm Forward Global launched its UK Corporate Contests Practice on Tuesday in response to what is described as “all-time high of shareholder activism” in London and Paris.
Speaking ahead of the launch on Tuesday night, Brendan Foo, Partner and Global Head of Corporate Contests at Forward Global, said “As activism gains currency as an asset class, savvy investors are looking toward the UK and Europe to generate alpha. Indeed, in 2025 alone, we have seen an unprecedented demand for our services not just in our traditional strongholds of the US and Canada, but also in the UK and Europe. This reflects the surge in activist (and active) engagements, with which our team is uniquely well-placed to assist.”
Forward Global’s Corporate Contests Practice was established to meet demand from law firms, investors, and advisers to provide a comprehensive suite of services to support companies in high-stakes shareholder engagements. In keeping with the firm’s established activism practice in the US, the new London offering will deliver investigative and intelligence work such as vetting board nominees, relationship mapping, scrutinizing the track records of both incumbents and challengers, and conducting deep-dive reputation analyses. In Europe, Forward Global’s Patrice Lambert-de Diesbach offers clients battle-tested expertise in investor relations and financial communications.
Shareholder activism in the UK has expanded significantly, with campaigns becoming more frequent and sophisticated. In 2023, the number of new public activist campaigns in Europe surged by 68%, with the UK remaining a primary target. US-based activist investors have also increased their focus on UK firms, launching 40% of all UK activist campaigns in 2024. With contested boardroom battles and regulatory shifts on the rise, the expansion of Forward Global’s Corporate Contests practice into the UK is well-timed, equipping issuers with the intelligence and strategies needed to navigate this evolving landscape.
The firm launched the new practice at an exclusive gathering at the International Institute of Strategic Studies in London, bringing together leading voices from the shareholder activism space to discuss the evolving landscape of transatlantic shareholder activism.
The panel discussion, featuring Brendan Foo, Patrick J. McHugh of Okapi Partners, and Sebastian Fain of Freshfields, explored critical considerations for US investors entering the UK market and vice versa, differences in engagement styles across jurisdictions, and strategies for issuers to proactively engage with both activist and active investors. Panelists also examined the impact of anti-DEI and ESG sentiment on investor relations in the UK, as well as how issuers can adapt to evolving regulatory and institutional expectations.
John Watts, Managing Partner of Forward Global UK, added, “Forward Global’s new UK Corporate Contests Practice is designed to provide companies with the strategic intelligence and investigative depth needed to navigate an increasingly complex activist landscape. Our team is committed to equipping clients with the tools to engage proactively with investors, safeguard their strategic interests, and strengthen shareholder relations across Europe.”
Notes for Editors
Forward Global is an international group, with its historic headquarters in France, boasting five main offices in Paris, Brussels, London, Miami, and Washington. As a leading player in risk management with over 450 employees and 30 partners, Forward Global offers an integrated approach across the three major risks: digital, economic, and informational.
Logo: https://mma.prnewswire.com/media/2641946/Forward_Global_Logo.jpg
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/forward-global-responds-to-surge-in-uk-shareholder-activism-with-launch-of-uk-corporate-contests-practice-302402058.html
NEW YORK, March 14, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins.
Alison Kosik delivers the pre-market update on March 14th
- Investors welcomed a cooler-than-expected Producer Price Index reading for the month of February as tariff talk continues out of Washington D.C.
- Attention shifts to the Federal Reserve decisions coming next week as inflation data suggests the rate of inflation growth could be slowing.
- S&P 500 looks to rebound after ending yesterday in correction territory, which is a decline of at least 10% from a recent high.
Watch NYSE TV Live every weekday 9:00-10:00am ET
Video – https://mma.prnewswire.com/media/2641945/NYSE_March_14_2025_Market_Update.mp4
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View original content:https://www.prnewswire.co.uk/news-releases/nyse-content-advisory-pre-market-update-for-march-14-2025-302401916.html
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