Ant Financial is considering a commitment to a forthcoming round for instalment buying and lending platform Akulaku as a strategic investor.
Indonesia-based consumer finance platform Akulaku has entered talks to raise $100m in series D funding from investors including Ant Financial, the financial services affiliate of e-commerce group Alibaba, Kr Asia reported yesterday.
The discussions are at an advanced stage, and Ant Financial would take part in the round as a strategic investor, with Akulaku deepening its ties to Alibaba’s e-commerce assets across the region. The corporate has been pursuing expansion efforts across Southeast Asia of late.
Founded in 2014, Akulaku…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
