Japan’s Mitsubishi UFJ Financial Group (MUFG) said on Monday its banking unit will invest $200 million in Indonesian fintech company Silvrr Technology Co Ltd, known as Akulaku.
Backed by China’s Alibaba Group, Akulaku offers digital banking and other services such as Buy Now Pay Later. Akulaku received a $100 million investment from Thailand’s Siam Commercial Bank Pcl in February.
