Indonesian fintech Akulaku Group announced that it has secured US$100m in debt financing from HSBC Singapore.
Akulaku aims to deepen its operational footprint in Southeast Asia, facilitating the launch of new financing products and enhancing services for the underbanked population.
The move comes at a time when Akulaku is also seeking to expand its services following the lifting of regulatory restrictions by Indonesia’s Financial Services Authority (OJK) on its buy now, pay later (BNPL) offerings earlier in the month.
