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Akulaku-Backed Bank Neo Commerce Witnessed Strong Growth in 2021

Bank Neo Commerce, a digital bank that is a subsidiary local Buy Now, Pay Later player Akulaku, has witnessed strong growth last year. 

Indonesian fintech Akulaku closes $100m funding from Thai lender SCB ahead of potential IPO

The latest investment follows Akulaku’s $125-million fundraising in 2021, co-led by Silverhorn Group.

Indonesian Lenders Ride the Digital Banking Momentum

Indonesia’s banking industry is on the verge of a revolution as a new breed of digital banks looks to capitalize on the country’s large population of unbanked and underbanked, and use the digital momentum created by the COVID-19 pandemic to propel their growth.

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