About Akulaku
Akulaku is a company based in Jakarta (Indonesia) founded in 2014.. Akulaku has raised $430 million across 10 funding rounds from investors including HSBC, Ant Group and SCB. Akulaku has completed 1 acquisition, including Bank Neo Commerce. Akulaku offers products and services including Akulaku App, Akulaku PayLater, and Digital Banking. Akulaku operates in a competitive market with competitors including Klarna, PayJoy, Atome, Kredivo and Billease, among others.
- Headquarter Jakarta, Indonesia
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Pt Akulaku Silvrr Indonesia
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$430 M (USD)
in 10 rounds
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Latest Funding Round
$100 M (USD), Debt – Conventional
Mar 22, 2024
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Investors
HSBC
& 21 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Akulaku
Akulaku offers a comprehensive portfolio of products and services, including Akulaku App, Akulaku PayLater, and Digital Banking. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for managing payments, loans, and shopping transactions.
Installment payment option to boost user purchases online.
Platform offering cash loans and financial management tools.
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Funding Insights of Akulaku
Akulaku has successfully raised a total of $430M across 10 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $100 million completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Debt – Conventional — $100.0M
- First Round First Round
- Investors Count 22
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Debt – Conventional - Akulaku | Valuation |
investors |
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| Dec, 2022 | Amount | Debt – Conventional - Akulaku | Valuation |
investors |
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| Mar, 2022 | Amount | Debt – Conventional - Akulaku | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Akulaku
Akulaku has secured backing from 22 investors, including institutional and venture fund investors. Prominent investors backing the company include HSBC, Ant Group and SCB. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Diversified alternative investment firm
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital firm investing in startups and providing support programs.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Akulaku
Akulaku has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Bank Neo Commerce. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Digital bank for individuals and business
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2020 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Akulaku
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Akulaku Comparisons
Competitors of Akulaku
Akulaku operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Klarna, PayJoy, Atome, Kredivo and Billease, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Point-of-sale financing is facilitated through an online platform for purchases.
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| domain | founded_year | HQ Location |
Online platform for purchase financing
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| domain | founded_year | HQ Location |
Multi-category products are financed through an online marketplace platform.
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| domain | founded_year | HQ Location |
App-based platform for purchase financing and instalment payments is provided.
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| domain | founded_year | HQ Location |
Point-of-sale financing is enabled via an online installment platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Akulaku
Frequently Asked Questions about Akulaku
When was Akulaku founded?
Akulaku was founded in 2014.
Where is Akulaku located?
Akulaku is headquartered in Jakarta, Indonesia. It is registered at Jakarta, Jakarta, Indonesia.
Who is the current CEO of Akulaku?
William Li is the current CEO of Akulaku.
Is Akulaku a funded company?
Akulaku is a funded company, having raised a total of $430M across 10 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $10M, raised on Jun 01, 2014.
What does Akulaku do?
Akulaku was founded in 2014 in Jakarta, Indonesia, as an online marketplace focused on point-of-sale financing within the fintech sector. Financing options are extended to multiple products, including mobiles, laptops, and household appliances, for both online and offline purchases. Installment payments are facilitated through credit and debit cards. The platform is accessible via applications on iOS and Android devices.
Who are the top competitors of Akulaku?
What products or services does Akulaku offer?
Akulaku offers Akulaku App, Akulaku PayLater, and Digital Banking.
How many acquisitions has Akulaku made?
Akulaku has made 1 acquisition, including Bank Neo Commerce.
Who are Akulaku's investors?
Akulaku has 22 investors. Key investors include HSBC, Ant Group, SCB, Peak XV Partners, and Qiming Venture Partners.
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