Akulaku Explained

Akulaku
Industry:Financial Technology
Founded: in Singapore
Founder:Willian Li and Gordon Hu
Hq Location City:Jakarta
Hq Location Country:Indonesia
Area Served:Southeast Asia
Products:Consumer credit, digital banking, wealth management, and insurance brokerage
Owner:Sungai Budi Group

Akulaku is an Indonesian fintech company that provides consumer credit, digital banking, wealth management, and insurance brokerage services in South East Asia.[1] [2] The company has operations in Indonesia, the Philippines, Thailand, and Malaysia.

History

Akulaku was officially founded in 2016 by William Li and Gordon Hu.[3] [4] Before it became Akulaku, the company began in 2014 by providing cross-border remittance services for domestic workers in Hong Kong as Silvrr before branching out to operate its online credit and e-commerce platform in Indonesia and the Philippines.[5] In 2016, the company pivoted into a fintech company.[6]

In 2019, Akulaku acquired an Indonesian bank called PT Bank Yudha Bhakti Tbk (BBYB) and later renamed it PT Bank Neo Commerce Tbk (BNC).[7]

External links

Notes and References

  1. Claudia Chong, News: BNPL player Akulaku raises US$10m in debt round led by Lend East. businesstimes.com.sg. 30 May 2022 . 24 September 2022.
  2. Yosi Winosa, News: Alibaba-backed Indonesian multifinance fintech Akulaku planning Islamic roll-out. salaamgateway.com. 16 December 2019. 24 September 2022.
  3. News: Fintech Jack Ma, Akulaku Akan Melantai di Wall Street?. cnbcindonesia.com. 17 January 2022. 24 September 2022.
  4. News: Akulaku Incar Pendanaan Baru hingga Rp400 Miliar Tahun Ini. teknologi.bisnis.com. 17 January 2022. 24 September 2022.
  5. News: Kisah Sukses William Li, Sang CEO Akulaku. finansialku.com. 24 September 2022.
  6. News: Akulaku eyes further Southeast Asia expansion. kapronasia.com. 2 March 2022. 24 September 2022.
  7. Xavier Kong,News: Indonesian fintech firm Akulaku sees 122% rise in annual revenue. techinasia.com. 9 May 2022. 24 September 2022.