Alibaba-backed Indonesian multifinance fintech Akulaku planning Islamic roll-out
JAKARTA – Indonesian online multifinance services company Akulaku will launch its Shariah-compliant platform in the first half of 2021, Efrinal Sinaga its president director told Salaam Gateway.
Akulaku in January raised $100 million in Series D funding from investors including Alibaba’s financial services arm Ant Financial. The Jakarta-based fintech is a leading online multifinance provider in Indonesia and is widely valued at around $450 million.
It now wants to enter the Islamic sector with Akulaku Syariah to tap into local demand.
Continue reading
Free, in under 30 seconds
Join thousands of professionals reading Salaam Gateway — the Global Islamic Economy Gateway.
Joined by 12,000+ Islamic economy professionals
Create a free account
Already a member? Sign in
- 5 free articles every month
- Weekly Islamic-economy newsletter
- Save articles to read later
