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The Bangkok Post
The Bangkok Post
Akulaku, an Indonesian online lender backed by Jack Ma’s Ant Group, has pulled in US$100 million from one of Thailand’s biggest lenders to expand its business in Southeast Asia. The capital raise from Siam Commercial Bank Plc follows a $125 million funding in 2021 co-led by Hong Kong multi-asset investment firm Silverhorn Group, Akulaku said in a statement on Tuesday. It will allow the Jakarta-based company to “further expand the geographic reach” of its offerings across Southeast Asia, Chief Executive Officer William Li said in the statement. Southeast Asia, a region with about 650 million pe…
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