FinUp has returned to lead a $70m series C round for Akulaku, whose other existing shareholders reportedly include Legend Capital.
China-based e-commerce platform Akulaku has secured $70m in a series C round led by financial data sowftare provider FinUp Financial Technology.
Venture capital firms Sequoia India, BlueSky Venture Capital and Qiming Venture Capital also took part in the round.
Founded in 2014, Akulaku initially focused on offering a virtual credit card in markets across Southeast Asia, before launching an e-commerce platform that allows consumers to purchase products in instalments.
The company claims to have 13 million registered users who are…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
