Danamon Provides Rp500 Billion Funding Facility to Akulaku
PT Akulaku Finance Indonesia has entered into a funding facility agreement worth Rp500 billion with 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 utilised to support the working capital needs of PT Akulaku Finance Indonesia, in response to the increasing public demand for digital financing services.
This support is expected to enhance the company’s capacity to provide relevant financing solutions for various segments of society.
The President Director of PT Akulaku Finance Indonesia, Perry Barman Slangor, stated that this collaboration reflects the strengthening synergy between banking institutions and digital financing companies in addressing evolving financial service needs.
“This cooperation is part of our efforts to continuously optimise the company’s funding structure. The synergy with Danamon is expected to support the development of financing services that are increasingly relevant to public needs, while simultaneously strengthening the company’s growth foundation for the future,” he said on Wednesday.
PT Akulaku Finance Indonesia, which operates within the Akulaku Group ecosystem, is a strategic partner of Danamon. This financing is part of Danamon’s efforts to drive the growth of the financial group, which is supported by MUFG Bank, Ltd. (MUFG) as its parent company.
Danamon’s Director of Global Alliance Strategy, Jin Yoshida, noted that this partnership aligns with the commitment to provide holistic financial solutions tailored to customer needs, including for the digital financing sector, which plays a significant role in reaching the growing financial needs of the public.
“Danamon views the cooperation with PT Akulaku Finance Indonesia as a strategic step in strengthening financing support for the technology-based multi-finance sector in Indonesia. Through the provision of this working capital facility, we hope to strengthen the funding capacity of Akulaku Finance Indonesia to serve public financing needs responsibly and sustainably. This collaboration also reflects Danamon’s commitment to strengthening collaboration with corporate clients, while optimising synergy within the MUFG ecosystem in Indonesia,” he said.
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 provide financial solutions that are increasingly relevant to public needs and the development of the digital economy.
Amidst the growth of Indonesia’s digital economy, collaboration between banking institutions and digital financing companies is becoming increasingly relevant in supporting the expansion of formal financial services. The synergy between these two sectors can contribute positively to strengthening the national financial services industry and 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 providing responsible and accessible financing services to support the financial needs of the community.