Alibaba-Backed Fintech Akulaku Secures HSBC Financing, Aims for Double-Digit Growth
FINTECH – JAKARTA. Southeast Asian online lending platform Akulaku, which is backed by China’s Alibaba , secured $100 million of debt financing from London-based HSBC, Akulaku’s CEO said, as it aims to make the company more profitable. William Li told Reuters in an interview on Friday the proceeds from the financing will be used to