Akulaku Finance Secures Rp500 Billion from Danamon to Expand Financing Access
PT Akulaku Finance Indonesia has agreed to a Rp500 billion funding facility from PT Bank Danamon Indonesia Tbk (Danamon) to strengthen its financing capacity and support the growth of digital financing services in Indonesia. The funding facility will be used to support the working capital needs of PT Akulaku Finance Indonesia amid increasing public demand for digital financing services. This support is expected to strengthen the company’s capacity to provide relevant financing solutions for various segments of society. President Director of PT Akulaku Finance Indonesia, Perry Barman Slangor, stated that this collaboration also reflects the strengthening synergy between banking institutions and digital financing companies in addressing the evolving needs for financial services. ‘This cooperation is part of our efforts to continuously optimise the company’s funding structure more effectively. The synergy with Danamon is expected to support the development of financing services that are increasingly relevant to public needs while strengthening the foundation for the company’s future growth,’ he said. PT Akulaku Finance Indonesia, which is in the same ecosystem as the Akulaku Group, is a Strategic Partner of Danamon. This financing is one of Danamon’s efforts to drive growth for the financial group backed by MUFG Bank, Ltd. (MUFG) as the parent company. Danamon’s Director of Global Alliance Strategy, Jin Yoshida, said this collaboration is in line with the commitment to provide holistic financial solutions that can be tailored to customer needs, including for the digital financing service provider sector that plays a significant role in reaching the public’s evolving financial needs. ‘Danamon views this cooperation with PT Akulaku Finance Indonesia as a strategic step in strengthening financing support for the technology-based multifinance sector in Indonesia. Through the provision of this working capital facility, we hope to strengthen Akulaku Finance Indonesia’s funding capacity to serve the public’s financing needs responsibly and sustainably. This cooperation also reflects Danamon’s commitment to strengthening collaboration with corporate customers, while optimising synergy within the MUFG ecosystem in Indonesia,’ he stated. With Danamon’s track record as a leading banking institution and Akulaku Finance as one of the pioneers of digital financing in Indonesia, both companies hope to deliver financial solutions that are increasingly relevant to public needs and the development of the digital economy. Amidst Indonesia’s digital economic growth, collaboration between banking institutions and digital financing companies is becoming increasingly relevant in supporting the expansion of formal financial services. The synergy between the two sectors can contribute positively to strengthening the national financial services industry while supporting more inclusive economic growth. As a digital-based financing company providing buy now pay later service solutions in Indonesia, PT Akulaku Finance Indonesia is committed to delivering responsible and easily accessible financing services to support the public’s financial needs.