Akulaku Group

Other Indonesia ·Founded 2016

Overview

Akulaku Group is a prominent banking and digital finance platform in Southeast Asia, with operations in Indonesia, the Philippines, and Malaysia. The company offers a comprehensive suite of services, including digital banking, consumer credit, digital investment, and insurance brokerage, aiming to meet the financial needs of underserved customers in emerging markets. Akulaku's mission is to serve 50 million users across Southeast Asia by 2025. The company's strategic focus encompasses various asset classes, such as fixed income, private equity, and venture capital, targeting early-stage, growth, and late-stage investments. Geographically, Akulaku concentrates its efforts in Indonesia, the Philippines, Malaysia, and Thailand, aligning with its goal to expand its user base and service offerings in these regions. The company operates across multiple industries, including financial services, fintech, insurance, wealth management, and e-commerce, reflecting its diverse investment interests and operational scope. Akulaku has secured significant investments from notable financial institutions, including a $200 million investment from Mitsubishi UFJ Financial Group (MUFG) in December 2022 and a $100 million strategic investment from Siam Commercial Bank (SCB) in February 2022. These investments underscore the confidence in Akulaku's growth potential and its commitment to enhancing financial inclusion in Southeast Asia. The company's diverse investment portfolio and strategic partnerships position it as a key player in the region's digital finance landscape.

Investment Focus

  • Focus on underserved markets
  • Emphasis on digital financial services
  • Commitment to financial inclusion

Portfolio Companies

Bank Neo CommerceAsetkuNeobankWisecart

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Frequently asked questions about Akulaku Group

What sectors does Akulaku Group invest in?

Akulaku Group invests in Financial Services, Insurance, Wealth Management, FinTech and E-commerce, and is based in Indonesia. Akulaku Group is listed as a other in the ConnectSafely investor database.

What stage does Akulaku Group invest at?

Akulaku Group backs companies at Early Stage, Growth and Late Stage, writing cheques of 100M - 200M.

Which regions does Akulaku Group invest in?

Akulaku Group invests across Indonesia, Malaysia, Philippines and Thailand.

What companies has Akulaku Group invested in?

Akulaku Group's portfolio includes Bank Neo Commerce, Asetku, Neobank and Wisecart.

Last updated · Source: ConnectSafely investor database