Danamon Provides Rp500 Billion Funding Facility to Akulaku

Jakarta - PT Akulaku Finance Indonesia has agreed a Rp500 billion funding facility with PT Bank Danamon Indonesia Tbk (Danamon) to strengthen financing capacity and support the growth of digital lending services in the country. The funding facility will be used to support the working capital needs of PT Akulaku Finance Indonesia amid increasing public demand for digital lending services. This support is expected to strengthen the company’s capacity to deliver 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 of financial services. “This partnership is part of our effort to continuously strengthen the company’s funding structure more optimally. The synergy with Danamon is expected to support the development of financing services that are increasingly relevant to public needs, whilst strengthening the company’s growth foundation going forward,” he said. PT Akulaku Finance Indonesia, which is within the same ecosystem as Akulaku Group, forms part of Danamon’s Strategic Partners. 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 Global Alliance Strategy Director, Jin Yoshida, said this partnership aligns with the commitment to deliver holistic and tailored financial solutions for customers, including those in the digital lending provider sector, which plays a significant role in reaching the evolving financial needs of the public. “Danamon views the partnership 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 the funding capacity of Akulaku Finance Indonesia to serve the public’s financing needs responsibly and sustainably. This partnership also reflects Danamon’s commitment to strengthening collaboration with corporate customers, whilst optimising synergies 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 solutions in Indonesia, PT Akulaku Finance Indonesia is committed to delivering responsible and easily accessible financing services to support the public’s financial needs.