Indonesian fintech Akulaku may raise $200m from Japan's MUFG

Indonesian fintech Akulaku may raise $200m from Japan's MUFG

The Akulaku logo is split between two screens. Photo: DealStreetAsia

Mitsubishi UFJ Financial Group Inc is in talks with Indonesia-based fintech startup Akulaku to invest around $200 million, as part of the Japanese company’s efforts to expand its presence in the country, DealStreetAsia has learned.

The funds could give the startup a valuation of around $1.5 billion, sources said.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter