Akulaku Adds US$100mm Investment From Siam Commercial Bank After Raising ~$300mm
Summary
Founded in 2016, Akulaku has grown to become the largest Buy Now Pay Later (BNPL) and consumer financing platform in Indonesia, disbursing over USD$2.2bn of credit in 2021 to over 6 million users. With over 80% of consumers now participating in ecommerce, Southeast Asia’s digital retail market is growing exponentially. We are excited about investment in the company and look forward to leveraging our deep expertise in Thailand’s financial services sector to support its expansion. The investment in Akulaku fits within our regional thesis of serving the underserved market using digital innovations. Akulaku is a leading banking and digital finance platform in Southeast Asia, with a presence in Indonesia, the Philippines, and Malaysia.
Funding
Amount
$100.0M
Total raised
Date
February 15, 2022
Announcement date
Investors
The Drum
Lead investors
Company
http://www.akulaku.com
Funded company
Classifications
industries
Fintech & Banking
applications
No applications detected
AskAI Classifications
Labels
No AI classifications detected