Ant-backed online lender Akulaku eyes US IPO in $2 billion SPAC deal

Asian Tech Press (Jan 14) -- Indonesian online lender Akulaku Inc., backed by Jack Ma's Ant Group, Alibaba's financial affiliate, is reportedly mulling plans to be listed in the U.S. throug a merger with a SPAC.

When the deal is completed, it will enable the combined company to be valued at about $2 billion, Bloomberg reported on Friday.

Founded in 2016, Akulaku is a leading digital financial services provider in Southeast Asia.

You must be login to post a comment.