Fintech firm Akulaku raises $100 million

Our India portfolio company, Akulaku an Indonesia based fintech firm announced a $100 million fund raise from Thailand’s Siam Commercial Bank (SCB). With this new round of funding, the company is valued at over $1 billion.

The fresh funds will be used to expand business in Southeast Asia.

Founded in 2016, Akulaku operates a "buy now, pay later" (BNPL) and consumer financing platform in Indonesia. We first invested in the company in 2017.

Read the full Bloomberg article here.