Aditya Hadi Pratama · · 1 min readAkulaku mulls to raise $100m green bond
Indonesian fintech firm Akulaku is looking to raise a US$100 million green bond from “a Singapore-based entity,” Bisnis reported, citing a statement from Akulaku Indonesia president director Efrinal Sinaga.
The report added that the bond can be disbursed as electric vehicle loans for Akulaku’s customers. Sinaga did not disclose the entity but said that his team is still processing the deal.
In a statement, Akulaku said that it disbursed more than 58 million loans in Indonesia last year, which were worth a total of US$650 million. This year, the firm aims to hit US$835 million in loan disbursements.
Earlier this month, Akulaku entered the unicorn club after it raised US$100 million in a series E round from Thailand-based Siam Commercial Bank. The fundraise pushed the company’s valuation to between US$1.5 billion and US$2 billion.
See also: Series SEA: Who’s investing in the region’s fintech startups?
Editing by Collin Furtado and Lorenzo Kyle Subido
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