Indonesia's Akulaku secures $200m funding from MUFG for SEA expansion

Acquah Nana Yeboah -

Fintech firm Akulaku, based in Jakarta, Indonesia has received $200 million from Mitsubishi UFJ Financial Group (MUFG), the largest bank in Japan, as part of a strategic investment.

The startup, which operates in Indonesia, the Philippines, and Malaysia, offers a virtual credit card, an instalment shopping platform, an investment platform, and a neobank.