In addition, Akulaku expanded from 3C products to virtual payment scenarios. It says it has become the largest online consumer financial service provider in Indonesia.
Li Wenbo, founder and CEO, introduced that Akulaku has successfully raised a C round financing recently, after having completed a B round in July last year. The investors of this round include several international investment institutions such as Sequoia Capital Southeast Asia and Finup, investing close to $100 million in total.
In the past six months, Akulaku maintained rapid growth. It was said that the Akulaku App has exceeded 15 million downloads and over 10 million registered users within two years; within 1 month, Akulaku obtained more than 1 million newly added users, and handled more than 1.8 million transactions. The monthly turnover exceeded US$80 million, and the transaction amount grew more than 3 times.
Akulaku strategy is to take e-commerce as a traffic portal, maintain its advantage on the financial side, and explore more channels and scenarios. Akulaku stated that its e-commerce platform has grown to be the leading platform in Indonesia and is sufficient to support the traffic entrance. Akulaku has advantages that many other consumer credit platforms do not have: licenses. The company has obtained the Multi Finance license issued by the Indonesian Financial Management Service (OJK), which allows it to carry out loans to businesses in compliance with regulations, giving them access to bank-quality funds. According to Li Wenbo, Akulaku is the only consumer installment platform which obtained this license. In addition, all Akulaku middle management employees are local and can expand operations more smoothly.
Akulaku currently has a team of more than 400 people. Li Wenbo, co-founder and CEO, previously worked for Ping An Group and King & Wood where he engaged in M&A and financial services; Hu Bo, co-founder and CTO was employed in Oracle, CITIC Securities, and Tencent. He was responsible for the development of the Quantitative Trading System of CITIC Securities; the head of Business in Indonesia, Santoso Akhmad, was once a practicing auditor who graduated from Thomas Aquino University majoring in accounting.
According to kr-asia.com
