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Founded Year



Unattributed | Alive

Total Raised




Last Raised

$200M | 1 yr ago

About Akulaku

Akulaku operates as an online banking and digital finance platform. It provides a wide range of virtual payments and digital banking solutions that allows users to make installment payments via credit and debit cards. The company was founded in 2016 and is based in Jakarta, Indonesia.

Headquarters Location

Sahid Sudirman Center Lt. 18, Jl. Gen. Sudirman No.86, RT.10/RW.11, Karet Tengsin, Tanah Abang, City of South Jakarta, Special C

Jakarta, 10160,




Akulaku's Products & Differentiators


    The Akulaku app is an ecommerce-based consumer finance platform that offers users a variety of loan products at various interest rates and terms, including "Buy Now, Pay Later" (BNPL), cash loans, and e-commerce and lifestyle services.


Research containing Akulaku

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Akulaku in 1 CB Insights research brief, most recently on Feb 18, 2022.

Expert Collections containing Akulaku

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Akulaku is included in 5 Expert Collections, including E-Commerce.



10,550 items

Companies that sell goods online (B2C), or enable the selling of goods online via tech solutions (B2B).


Unicorns- Billion Dollar Startups

1,228 items


Digital Lending

2,171 items

This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.



2,979 items

Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.



12,502 items

Excludes US-based companies

Latest Akulaku News

Indonesia Alternative Lending Business Report 2023-2027: Growing BNPL Industry will Aid the Growth of the Multi-Billion Market

Nov 21, 2023

Alternative lending market in Indonesia is expected to grow by 31.7% on an annual basis to reach US$ 6.51 billion in 2023. Medium to long term growth story of alternative lending in Indonesia remains strong. Alternative lending adoption is expected to grow steadily over the forecast period, recording a CAGR of 17.8% during 2023-2027. The alternative lending market in the country will increase from US$ 4.94 billion in 2022 to reach US$ 12.56 billion by 2027. This report provides valuable insights into the intricate relationships between payment instruments and lending models, offering a comprehensive analysis of transaction dynamics. It uncovers the multifaceted nature of loans, ranging from personalized B2C offerings like payroll advances to strategic B2B solutions such as lines of credit. In addition to these insights, it delves into consumer attitudes and behaviors, deciphering the influence of factors like age, income, and gender on financial decision-making. The Indonesian alternative lending industry is poised for substantial growth in the coming five years. Factors contributing to this growth include increasing internet penetration and the expanding fintech ecosystem. Furthermore, the prevailing high inflation rates and the consequent reduction in consumer disposable income are expected to drive loan disbursements by alternative lenders. To meet the rising credit demand among Indonesian consumers, global fintech players are anticipated to extend their digital lending offerings to the Southeast Asian market. There is also a growing demand for credit among small and medium-sized businesses, leading digital lenders to introduce products tailored to the B2B segment. These developments point to a period of robust growth for the alternative lending market in Indonesia in the next five years. Foreign fintech firms are planning to expand their digital lending solutions in Indonesia A high percentage of the Indonesian population does not have access to basic financial services. This has resulted in more and more consumers turning to alternative lending providers to access credit in Indonesia. As a result, global fintech firms are expanding their presence in the Southeast Asian market to tap into the growing credit demand. In February 2023, Lentra, an India-based digital lending platform, announced that it has entered the Indonesian market. The foray into the Southeast Asian region comes on the back of a US$60 million fundraising, which was led by Bessemer Venture Partners, Citi Ventures, and SIG. In addition to Indonesia, the firm has also forayed into the Philippines and Vietnamese markets. With this expansion, it plans to reach US$100 million in annual recurring revenue by March 2024. In September 2022, Hong Kong-based digital lender WeLab also announced its expansion in Indonesia after the acquisition of Jakarta Bank, which operates 11 commercial branches in the country. WeLab, in partnership with other investors, spent US$509.6 million to acquire the Indonesian commercial bank and plans to launch digital banking services for the tech-savvy population in the Southeast Asian market in 2023. Going forward, the publisher expects more foreign players to expand their footprint in the Indonesian market, as the burgeoning fintech landscape will provide firms with a high-growth environment. The growing buy now pay later industry will aid the growth of the alternative lending market in Indonesia The convenience and flexibility offered by buy now pay later schemes have resulted in widespread adoption of the payment method among consumers over the last few years. This trend is projected to further accelerate, as lower credit card penetration and financial inclusion drive more consumers to BNPL schemes. GoTo, Kredivo, and Akulaku are among the different players seeking to gain market share in one of the fastest-growing fintech sectors in Southeast Asia. With growing competition in the e-commerce sector, these short-term loan providers are strengthening their in-store network. Akulaku, for instance, has partnered with more than 40,000 offline retailers in Southeast Asia and is planning to further expand partnerships with merchants, both online and offline. These strategic collaborations, coupled with growing adoption among shoppers, will keep aiding the growth of the alternative lending industry in Indonesia over the next five years. Digital lenders are expected to launch new lending solutions catering to the needs of businesses in Indonesia In addition to the growing demand for alternative lending products in the B2C segment, the need for credit is also on the rise in the B2B category, especially for small and medium-sized businesses. The current macroeconomic environment, including high inflation and interest rates, means that access to traditional credit is becoming expensive for SMEs. Consequently, more and more businesses are expected to turn to digital lenders to meet their working capital requirements. As a result, the publisher expects alternative lending providers to launch new products and solutions catering to the needs of businesses in Indonesia. Digital lenders such as PT Bank Neo Commerce have already announced the launch of new lending products for SMEs in Indonesia. This launch is aimed at driving the monthly active users of its applications to over 50%, compared to 30% to 40% as of November 2022. Going forward, alternative lenders are also expected to follow the same strategy. The launch of these products, coupled with the entry of new fintech firms in the segment, will keep driving the competitive landscape as well as innovation in the Indonesian alternative lending industry over the next five years. Key Attributes: Alternative Lending Market Size and Forecast by Payment Instrument to P2P Marketplace Property Lending Alternative Lending Market Size and Forecast by Payment Instrument to Balance Sheet Consumer Lending Alternative Lending Market Size and Forecast by Payment Instrument to Balance Sheet Business Lending Alternative Lending Market Size and Forecast by Payment Instrument to Balance Sheet Property Lending Alternative Lending Market Size and Forecast by Payment Instrument to Invoice Trading Alternative Lending Market Size and Forecast by Payment Instrument to Debt Based Securities Alternative Lending Market Size and Forecast by Payment Instrument to Equity Based Crowd Funding Alternative Lending Market Size and Forecast by Payment Instrument to Real Estate Crowd funding For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment

Akulaku Frequently Asked Questions (FAQ)

  • When was Akulaku founded?

    Akulaku was founded in 2016.

  • Where is Akulaku's headquarters?

    Akulaku's headquarters is located at Sahid Sudirman Center Lt. 18, Jl. Gen. Sudirman No.86, RT.10/RW.11, Karet Tengsin, Tanah Abang, City of South Jakarta, Special C, Jakarta.

  • What is Akulaku's latest funding round?

    Akulaku's latest funding round is Unattributed.

  • How much did Akulaku raise?

    Akulaku raised a total of $665M.

  • Who are the investors of Akulaku?

    Investors of Akulaku include Mitsubishi UFJ Financial Group, Lend East, Siam Commercial Bank, Silverhorn Investment Advisors, Ant Group and 14 more.

  • Who are Akulaku's competitors?

    Competitors of Akulaku include Lazada and 8 more.

  • What products does Akulaku offer?

    Akulaku's products include Akulaku and 4 more.


Compare Akulaku to Competitors

Kredivo Holdings

Kredivo Holdings provides financial services to leverage deep data analytics across users' digital footprint and automate credit risk scoring in Southeast Asia. Its product, Kredivo, is a buy now, pay later solution that enables e-commerce buyers to apply and qualify for instant credit and pay back over time. The company was formerly known as FinAccel. It was founded in 2015 and is based in Singapore, Singapore.

Plentina Logo

Plentina develops financial inclusion cloud that unlocks the value of customer data. It uses machine learning algorithms to build an alternative credit score and application that provides store credit financing to buy essentials like food, medicine, and more. The company was founded in 2019 and is based in Belmont, California.


Atome is a financial services technology company that operates in the 'buy now, pay later' sector. The company's main service allows consumers to split their bills into flexible deferred payments over time, providing greater financial access and flexibility. Atome primarily serves the retail industry, partnering with over 15,000 online and offline retailers across various sectors such as fashion, beauty, lifestyle, fitness, and homeware. It was founded in 2017 and is based in Singapore. Atome operates as a subsidiary of Advance Intelligence Group.


Lummo operates as an enablement platform for e-commerce websites. The company supports online businesses in implementing the direct-to-consumer (D2C) business model. The company was formerly known as BukuKas. The company was founded in 2019 and is based in Jakarta, Indonesia.


OrientSwiss is a digital lending platform operating in the financial technology (fintech) industry. The company offers a comprehensive ecosystem of services including financial solutions for individuals and small and medium-sized enterprises (SMEs), e-commerce, and e-logistics, with lending being the core of its operations. OrientSwiss primarily serves the financial technology, e-commerce, and logistics sectors. It was founded in 2015 and is based in Lausanne, Switzerland.


Leflair is a company that operates in the ecommerce industry. The company offers a wide range of products including fashion items, home decor, electronics, and beauty products. It was founded in 2015 and is based in Ho Chi Minh City, Vietnam.


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