Akulaku's Strategy in Raising Pre-IPO Funding

By Editorial Team 31/03/2022
money injection
Summary

Akulaku Group, a fintech platform owned by Alibaba Group, managed to raise US$10 million or around Rp 143 billion (exchange rate of Rp 14,300) from Lend East. The fintech unicorn will use the funds to expand and increase credit portfolios in its primary target markets: Indonesia, the Philippines, and Thailand.

"Since last year, Akulaku has grown rapidly, and this additional funding will allow us to provide for the needs of underbanked people across Southeast Asia," William Li, CEO of Akulaku, revealed in a press release on Wednesday.

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