LIVE
///LATE STAGE • Sociolla • US$ 250M • Commerce///POLICY • Gold Export Duties: Progressive Reference-Price Ladder Kicks In///SERIES A • Hangry • US$ 10.5M • F&B///POLICY • Coal Export Tax 2026: Indonesia Signals a New Resource-Rent Phase///SERIES B • Honest • Undisclosed • Fintech///POLICY • Export FX Repatriation: Proceeds Routed Through State Banks From 2026///SEED • Arummi Foods • US$ 2M • F&B///POLICY • OJK POJK 4/2025: Financial Aggregators Move Into a Licensing Regime///PRE-SEED • IDRX • US$ 300k • Web3///POLICY • Finfluencer Rules: OJK Tightens Conduct Around Securities Marketing///SERIES C • Yup • US$ 32M • Fintech///POLICY • Dormant Accounts: New Standardization Changes Bank Data and Ops///LATE STAGE • Sociolla • US$ 250M • Commerce///POLICY • Gold Export Duties: Progressive Reference-Price Ladder Kicks In///SERIES A • Hangry • US$ 10.5M • F&B///POLICY • Coal Export Tax 2026: Indonesia Signals a New Resource-Rent Phase///SERIES B • Honest • Undisclosed • Fintech///POLICY • Export FX Repatriation: Proceeds Routed Through State Banks From 2026///SEED • Arummi Foods • US$ 2M • F&B///POLICY • OJK POJK 4/2025: Financial Aggregators Move Into a Licensing Regime///PRE-SEED • IDRX • US$ 300k • Web3///POLICY • Finfluencer Rules: OJK Tightens Conduct Around Securities Marketing///SERIES C • Yup • US$ 32M • Fintech///POLICY • Dormant Accounts: New Standardization Changes Bank Data and Ops
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AkulakuSeries E
Jakarta| Est. 2014
Series E
Revenue from e-commerce installment financing (merchant fees + user interest), Asetku P2P lending platform (interest spread), Bank Neo Commerce digital banking, and virtual credit card fees. Controls Bank Neo Commerce (BNC).
Investment Thesis
"First-mover in BNPL with diversified revenue streams across lending ecosystem. Presence in 3 SEA markets with digital bank license providing funding cost advantage."
Recent Signals
- 01CNBC World's Top Fintech Companies 2025.
- 0214% revenue growth to $53M (2024).
- 0310M+ users across SEA.
- 04Bank Neo Commerce growth acceleration.
Key People
- WWilliam Li
Cap Table
Sequoia Capital IndiaAnt GroupSiam Commercial BankPeak XV Partners DCM VenturesQiming Venture Partners
Verified Funding History
| Round | Date | Amount | Participating Investors |
|---|---|---|---|
| Venture Debt | Dec 2024 | US$ 37M | Bank Maybank Indonesia, Bank Artha Graha Internasional, Bank KEB Hana Indonesia |
| Venture Debt | Mar 2024 | US$ 100M | HSBC Singapore |
| Strategic | Dec 2022 | US$ 200M | MUFG |
| Series E | Feb 2022 | US$ 100M | Siam Commercial Bank (SCB) |
| Series B Ext | Nov 2021 | US$ 23.1M | Tiger Global, B Capital, Bezos Expeditions |
| Series B | Oct 2021 | US$ 87M | Prosus, Tencent, B-Capital, Bezos Expeditions, Northstar |
| Series D | Feb 2021 | US$ 125M | Silverhorn Group |
| Series A | Jan 2021 | US$ 20M | Quona Capital, B Capital Group |
| Seed | Jun 2020 | US$ 10.5M | Sequoia India (co-lead), Lightspeed India (co-lead), SMDV, Quona Capital, Alter Global |
| Series D | Jan 2019 | US$ 100M | Ant Financial (lead), Sequoia Capital India, Qiming Ventures |
Data Integrity Check
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