JAKARTA, Feb 15 (Bloomberg): Akulaku Inc, an Indonesian online lender backed by Jack Ma’s Ant Group Co., has pulled in US$100 million from one of Thailand’s biggest lenders to expand its business in South-East Asia.
The capital raise from Siam Commercial Bank Plc. follows a US$125 million funding in 2021 co-led by Hong Kong multi-asset investment firm Silverhorn Group, Akulaku said in a statement Tuesday.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!