Akulaku

{{Short description|Fintech company}}

{{Infobox company

| name = Akulaku

| logo =

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| industry = Financial Technology

| founded = {{start date and age |2014 }} in Singapore

| founder = Willian Li and Gordon Hu

| hq_location_city = Jakarta

| hq_location_country = Indonesia

| area_served = Southeast Asia

| key_people = {{UBL | William Li (founder, CEO) |Gordon Hu (co-founder and CTO) |Nancy Zhou (COO) |Fan Zhang (CFO) |Jason Guo (CRO) }}

| products = Consumer credit, digital banking, wealth management, and insurance brokerage

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| website = {{URL|https://www.akulaku.com}}

}}

Akulaku is an Indonesian fintech company that provides consumer credit, digital banking, wealth management, and insurance brokerage services in South East Asia.Claudia Chong, {{cite news | last = | first = | title =BNPL player Akulaku raises US$10m in debt round led by Lend East| newspaper =| location = | pages = | language = | publisher =businesstimes.com.sg| date =30 May 2022 | url =https://www.businesstimes.com.sg/garage/bnpl-player-akulaku-raises-us10m-in-debt-round-led-by-lend-east| accessdate =24 September 2022}}Yosi Winosa, {{cite news | last = | first = | title =Alibaba-backed Indonesian multifinance fintech Akulaku planning Islamic roll-out| newspaper =| location = | pages = | language = | publisher =salaamgateway.com| date =16 December 2019| url =https://www.salaamgateway.com/story/alibaba-backed-indonesian-multifinance-fintech-akulaku-planning-islamic-roll-out| accessdate =24 September 2022}} The company has operations in Indonesia, the Philippines, Thailand, and Malaysia.

History

Akulaku was officially founded in 2016 by William Li and Gordon Hu.{{cite news | last = | first = | title =Fintech Jack Ma, Akulaku Akan Melantai di Wall Street?| newspaper =| location = | pages = | language = | publisher =cnbcindonesia.com| date =17 January 2022| url =https://www.cnbcindonesia.com/market/20220117110515-17-307869/fintech-jack-ma-akulaku-akan-melantai-di-wall-street| accessdate =24 September 2022}}{{cite news | last = | first = | title =Akulaku Incar Pendanaan Baru hingga Rp400 Miliar Tahun Ini| newspaper =| location = | pages = | language = | publisher =teknologi.bisnis.com| date =17 January 2022| url =https://teknologi.bisnis.com/read/20210923/266/1445976/akulaku-incar-pendanaan-baru-hingga-rp400-miliar-tahun-ini| accessdate =24 September 2022}} Before it became Akulaku, the company began in 2014 by providing cross-border remittance services for domestic workers in Hong Kong as Silvrr before branching out to operate its online credit and e-commerce platform in Indonesia and the Philippines.{{cite news | last = | first = | title =Kisah Sukses William Li, Sang CEO Akulaku| newspaper =| location = | pages = | language = | publisher =finansialku.com| date =| url =https://www.finansialku.com/akulaku/| accessdate =24 September 2022}} In 2016, the company pivoted into a fintech company.{{cite news | last = | first = | title =Akulaku eyes further Southeast Asia expansion| newspaper =| location = | pages = | language = | publisher =kapronasia.com| date =2 March 2022| url =https://www.kapronasia.com/research/blog/akulaku-eyes-further-southeast-asia-expansion.html| accessdate =24 September 2022}}

In 2019, Akulaku acquired an Indonesian bank called PT Bank Yudha Bhakti Tbk (BBYB) and later renamed it PT Bank Neo Commerce Tbk (BNC).Xavier Kong,{{cite news | last = | first = | title =Indonesian fintech firm Akulaku sees 122% rise in annual revenue| newspaper =| location = | pages = | language = | publisher =techinasia.com| date =9 May 2022| url =https://www.techinasia.com/122-revenue-growth-leads-akulaku-record-2021?lang=sea| accessdate =24 September 2022}}

References

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