Akulaku
Founded Year
2014Stage
Debt - II | AliveTotal Raised
$765MValuation
$0000Last Raised
$100M | 1 yr agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-138 points in the past 30 days
About Akulaku
Akulaku serves as a digital finance platform in the banking and financial services industry. The company offers a range of services, including digital banking, virtual credit card issuance, and online wealth management, for underserved customers in emerging markets. Akulaku primarily serves the e-commerce industry, providing payment solutions and financial services to facilitate online shopping experiences. It was founded in 2014 and is based in Jakarta, Indonesia.
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Akulaku's Products & Differentiators
Akulaku
The Akulaku app is an ecommerce-based consumer finance platform that offers users a variety of loan products at various interest rates and terms, including "Buy Now, Pay Later" (BNPL), cash loans, and e-commerce and lifestyle services.
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Research containing Akulaku
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Akulaku in 1 CB Insights research brief, most recently on Feb 18, 2022.
Expert Collections containing Akulaku
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Akulaku is included in 5 Expert Collections, including E-Commerce.
E-Commerce
11,142 items
Companies that sell goods online (B2C), or enable the selling of goods online via tech solutions (B2B).
Unicorns- Billion Dollar Startups
1,257 items
Digital Lending
2,334 items
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
Payments
3,281 items
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Fintech
13,559 items
Excludes US-based companies
Latest Akulaku News
Dec 13, 2024
Photo credit: Pixabay 13 December, 2024 Australia’s GP stake investor Scarcity Partners has picked up a 20% interest in January Capital, a $300-million investment firm which counts Shopback and Akulaku among its portfolio companies. Key employees of January Capital will continue to retain majority ownership in the firm along with oversight of investment decision-making and day-to-day operations, January announced said in a social media post. Scarcity’s Sydney-based founding partner Matthew Webb is joining January’s board as a non-executive director. Adrian Whittingham, who started Scarcity last year and is its managing director, will act as an alternate director and board observer for January. The investment will help January with its distribution capabilities, partnering with top institutions, family offices and wealth advisory firms, according to Scarcity’s statement. “With their proven investment track record, unique data-driven tooling and cross asset-class experience, January Capital is exceptionally well-positioned to emerge as a leading investment platform that capitalises on opportunities in the Asia-Pacific technology ecosystem on behalf of their investors,” said Whittingham. Founded by Benjamin Dunphy, Jason Edwards, and Jonathan Hodson, January Capital has completed more than 75 transactions, including investments in Southeast Asian companies such as aCommerce and Kargo, over the past five years. January is Scarcity’s third investment from its GP stake fund, which is a semi-liquid vehicle seeking between 5 and 15 asset managers, targeting returns of 20% per annum. Scarcity is among the limited number of GP stake investors buying into Asia Pacific-based asset managers as the niche secondaries strategy is more popular in the US and Europe, where deal supply is more robust and investment firms are more established. GP stake investments in Asia have historically been driven by strategic purposes. Among such recent deals are Singapore’s CapitaLand Investment purchasing a 40% stake in pan-Asia real estate fund SC Capital Partners for S$280 million with a commitment to buy the remaining portion by 2030. Another Temasek-linked investment firm Seviora Holdings also bought into regional private credit shop ADM Capital earlier this year.
Akulaku Frequently Asked Questions (FAQ)
When was Akulaku founded?
Akulaku was founded in 2014.
Where is Akulaku's headquarters?
Akulaku's headquarters is located at JL. Jend. Sudirman No. 86, Karet Tengsin, Tanah Abang, Jakarta.
What is Akulaku's latest funding round?
Akulaku's latest funding round is Debt - II.
How much did Akulaku raise?
Akulaku raised a total of $765M.
Who are the investors of Akulaku?
Investors of Akulaku include HSBC UK, Mitsubishi UFJ Financial Group, Lend East, Siam Commercial Bank, Silverhorn Investment Advisors and 16 more.
Who are Akulaku's competitors?
Competitors of Akulaku include Shinhan Indonesia Bank, Home Credit Indonesia, Kredivo Holdings, Pace Enterprise, Bukalapak and 7 more.
What products does Akulaku offer?
Akulaku's products include Akulaku and 4 more.
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Compare Akulaku to Competitors
Shinhan Indonesia Bank is a financial institution that offers a range of banking services and products. The bank provides personal and business banking solutions, including risk management, financial reporting, and remittance services. It caters to individual and corporate clients with its 24-hour internet banking and extensive ATM and global network. It was founded in 1992 and is based in Surabaya, Indonesia. Shinhan Indonesia Bank operates as a subsidiary of Shinhan Financial Group.
Bank Ganesha Tbk (Jakarta: BGTG.JK) operates as a commercial bank. The bank's operational segment is divided based on products and services, consisting of banking, consumer, treasury, and other businesses. The bank offers time deposits, current accounts, and savings accounts, as well as extends loans to commercial, SME, and corporate segments. The bank also offers export and import payment transactions, foreign exchange, and other banking services. It was founded in 1992 and is based in Jakarta, Indonesia.
PT Bank Mayapada International Tbk is an Indonesia-based financial institution that offers services in micro banking, savings, safe box, loans, foreign exchange, certificates, bank drafts, and other banking services. It is based in Jakarta, Indonesia.
BPRS Botani is a company that focuses on Islamic banking in the financial services sector. The company offers a range of financial products and services, including savings accounts, deposits, and financing, all in accordance with Sharia principles. It primarily serves the Islamic finance industry. It was founded in 1996 and is based in Bogor, Indonesia.
BillEase specializes in consumer credit services within the fintech sector. The company offers a range of financial products, including personal loans, e-wallet top-ups, and installment plans for online and offline purchases without the need for a credit card. BillEase primarily serves the e-commerce industry, enabling customers to manage their purchases with flexible payment options. It was founded in 2017 and is based in Manila, Philippines.
Atome provides payment services within the financial technology sector. The company allows consumers to split purchases into installment payments without interest. Atome serves the retail industry by partnering with various online and offline merchants to facilitate consumer spending. It was founded in 2019 and is based in Singapore.
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