Shares worth $100 M to be sold by Akulaku’s shareholders at up to 30% discount
According to VentureCap Insights data, preferred owners of Akulaku, the leading FinTech company in Indonesia, are seeking to sell US $100 million in shares at a 20% to 30% discount from its most recent round.
The business obtained $200 million from Japanese lender Mitsubishi UFJ Financial Group in December 2022. (MUFG). This followed Siam Commercial Bank’s $100 million investment in Akulaku, which elevated it to unicorn status.
Ant Group, Sequoia Capital, and IDG Capital are a few other investors in the FinTech business. Akulaku is now valued by VentureCap at about US $1.7 billion.
Akulaku, a company that was founded in 2014, offers services including buy now, pay later, and consumer credit. Online wealth management with Asetku and digital banking through Bank Neo Commerce are also provided.
In instance, Bank Neo Commerce has recently performed strongly. In January 2023, net interest income increased 301.98% to US $15.1 million from US $3.8 million in the corresponding month of the previous year. The corporation also turned a profit of $440,000 versus a loss of nearly $10.4 million over the same period.
According to another rumour, Akulaku would raise its ownership of Bank Neo-Commerce to about 40% in 2022 before an anticipated initial public offering (IPO). One of the businesses said to be in preliminary discussions with the Catcha Investment Corp., a special purpose acquisition firm founded by the co-founder of the Catcha Group, is Akulaku.
