Tag "Akulaku"

OJK Prohibits Akulaku from Offering BNPL Services

The Financial Services Authority (OJK) of Indonesia has imposed restrictions on Indonesian fintech Akulaku‘s buy now, pay later (BNPL) business. The restrictions are due to the company’s failure to carry out supervisory actions requested by the OJK, namely restrictions on

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Akulaku’s BNPL Solution Now Among Payment Methods Supported by Alipay+

Alipay+, a suite of global cross-border digital payments and marketing solutions, has included Indonesian fintech Akulaku’s Buy Now Pay Later (BNPL) solution among its supported digital payment methods. This partnership will allow Indonesian consumers to use the Akulaku PayLater solution

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Siam Commercial Bank Pours in US$100 Million Into Indonesia’s Akulaku

Akulaku, an Indonesian Buy Now Pay Later (BNPL) player, announced that it has received US$100 million from the Siam Commercial Bank (SCB). This follows Akulaku’s successful fundraise of US$125 million in 2021 that was co-led by Silverhorn Group who was

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Insurtech Platform Igloo Lands Partnership With Union Bank and Akulaku for Micro-Insurance

Igloo, Singapore-headquartered insurtech firm, announced partnerships with Union Bank of the Philippines and Indonesia’s Akulaku to offer micro-insurance policies. Akulaku is one of Indonesia’s most well-funded fintech startups who is best known for their “buy now, pay later” service. Igloo

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10 Fastest Growing Fintechs in Indonesia According to IDC

IDC Financial Insights today released the 2020 update of its FinTech Fast 101 research which details a list of fast-growing fintechs in Asia/Pacific excluding Japan (APEJ) from 11 key markets. IDC’s FinTech Fast 101 research refers to fast-growing fintech players

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Bukalapak’s Fintech Could Outgrow its E-Commerce, Said Co-Founder

One cannot talk about startups in Indonesia without bringing up Bukalapak, arguably one of the biggest e-commerce platforms in the nation. Bukalapak has graduated from its startup roots and gained the coveted title of Indonesian unicorn. They are now in the

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10 of the Top Fintech Startups in Indonesia for 2019

Fintech has entered a new age in Indonesia, most ostensibly represented when the wild wild west of the peer-to-peer lending scene in Indonesia is finally regulated by the Otoritas Jasa Keuangan (OJK), the country’s financial services authority. Standing as a nation

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Fresh off its SoftBank Funding, Grab is Already Eyeing to Raise US $6.5 Billion

A scant few weeks after closing its Series H led by SoftBank Vision Fund, Grab already has its eye on raising a grand total of US$6.5 billion by the end of the year. Before the ride-hailing giant embarks on its

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An Indonesian Plot Twist: Fintech Akulaku Buys Stake into a Bank

Alibaba-backed Akulaku is the top funded fintech startups in Indonesia, and now a shareholder of a local bank as reported by Katadata. Akulaku reportedly made an Rp 500 billion (approximately SG$48 million) stake into PT Bank Yudha Bhakti Tbk (BBYB),

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10 Top Funded Fintech Companies in Indonesia

Indonesia’s fintech is probably one of the fastest growing tech sectors recently, thanks to  the proliferation of peer-to-peer (P2P) lending. According to the Indonesian Financial Services Authority (OJK), transactions through P2P lending totaled US$951 million (Rp 13.8 trillion) in the

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