Akulaku is an Indonesian

fintech Financial technology (abbreviated as fintech) refers to the application of innovative technologies to products and services in the financial industry. This broad term encompasses a wide array of technological advancements in financial services, ...

company that provides

consumer credit Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt) ...

digital banking Digital banking is part of the broader context for the move to online banking, where banking services are delivered over the internet. The shift from traditional to digital banking has been gradual, remains ongoing, and is constituted by differi ...

wealth management Wealth management (WM) or wealth management advisory (WMA) is an investment advisory service that provides financial management and wealth advisory services to a wide array of clients ranging from affluent to high-net-worth (HNW) and ultra-hi ...

, and

insurance brokerage An insurance broker is an intermediary who sells, solicits, or negotiates insurance on behalf of a client for compensation. An insurance broker is distinct from an insurance agent in that a broker typically acts on behalf of a client by negotia ...

services in South East Asia. The company has operations in Indonesia, the Philippines, Thailand, and Malaysia.

History

Akulaku was officially founded in 2016 by William Li and Gordon Hu. Before it became Akulaku, the company began in 2014 by providing cross-border remittance services for domestic workers in

Hong Kong Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...

as ''Silvrr'' before branching out to operate its online credit and

e-commerce E-commerce (electronic commerce) refers to commercial activities including the electronic buying or selling products and services which are conducted on online platforms or over the Internet. E-commerce draws on technologies such as mobile co ...

platform in

Indonesia Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania, between the Indian Ocean, Indian and Pacific Ocean, Pacific oceans. Comprising over List of islands of Indonesia, 17,000 islands, including Sumatra, ...

and the

Philippines The Philippines, officially the Republic of the Philippines, is an Archipelagic state, archipelagic country in Southeast Asia. Located in the western Pacific Ocean, it consists of List of islands of the Philippines, 7,641 islands, with a tot ...

. In 2016, the company pivoted into a fintech company. In 2019, Akulaku acquired an Indonesian bank called ''PT Bank Yudha Bhakti Tbk'' (BBYB) and later renamed it ''PT Bank Neo Commerce Tbk'' (BNC).Xavier Kong,

References

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External links

Official WebsiteAkulaku Vietnam
Singaporean companies established in 2014 Companies of Indonesia Companies of Singapore Financial services companies of Indonesia