# PT. Akulalu Silvrr Indonesia

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pt-akulalu-silvrr-indonesia

- Industry: Software
- Headquarters: Jakarta, Indonesia
- Website: www.akulaku.com
- Total disclosed funding: $313M
- Latest round: Series D (Feb 26, 2021)
- Investors on record: 14

## About

Based in Jakarta, Indonesia, and founded by William Li and gordon hu in 2014, PT. Akulalu Silvrr Indonesia, also known as Akulaku Inc., provides a consumer finance application that allows customers to pay online and borrow capital using funds from investors. The company operates in Indonesia, the Philippines, Vietnam, and Malaysia. In March 2024, PT. Akulalu Silvrr Indonesia raised USD 100 million in venture debt funding from HSBC Bank.

PT. Akulalu Silvrr Indonesia works with merchants and customers, by offering the consumer finance solution to avail flexible cash loans and shop in installment. Merchants will borrow capital from investors’ funding, and online buyers will use the mobile application instead of credit cards to pay bills, flight tickets, and buy products online in an independently managed online marketplace platform. Customers will then pay in full or installments.

The company’s revenue is generated by offering to merchants and online buyers the consumer finance solution to borrow money from investors.

In August 2021, PT. Akulalu Silvrr Indonesia plans to go public this year and be part of the public listing 2022.

## Funding rounds

- Series D, Feb 26, 2021, $125M — Silverhorn Investment Advisors
- Series C, Oct 30, 2018, $70M — Hong Shan, Qiming Venture Partners, Blue Sky, Fanpujinke Group Co., Ltd.
- Series B, Jul 6, 2017, $30M — DCM, Legend Capital, Qiming Venture Partners, IDG Capital, Shunwei Capital, Arbor Ventures, Welight Capital
- Series A, Feb 1, 2017, $80M — Legend Capital, Qiming Venture Partners, Fidelity Investments, Shunwei Capital, China Growth Capital, Welight Capital
- Series A, Feb 1, 2016, $5M — DCM, IDG Capital, China Growth Capital
- Seed, Jul 10, 2015, $2M — China Growth Capital
- Seed, May 10, 2014, $1M — IDG Capital
- Series C, date not disclosed — January Capital

## Investors

- January Capital (https://capitalatlas.ai/funds/january-capital) — Series C
- IDG Capital (https://capitalatlas.ai/funds/idg-capital) — Seed, Series A, Series B
- China Growth Capital (https://capitalatlas.ai/funds/china-growth-capital) — Seed, Series A
- DCM (https://capitalatlas.ai/funds/dcm) — Series A, Series B
- Legend Capital — Series A, Series B
- Qiming Venture Partners (https://capitalatlas.ai/funds/qiming-venture-partners) — Series A, Series B, Series C
- Fidelity Investments (https://capitalatlas.ai/funds/fidelity-investments) — Series A
- Shunwei Capital (https://capitalatlas.ai/funds/shunwei-capital) — Series A, Series B
- Welight Capital (https://capitalatlas.ai/funds/welight-capital) — Series A, Series B
- Arbor Ventures (https://capitalatlas.ai/funds/arbor-ventures) — Series B
- Hong Shan — Series C
- Blue Sky (https://capitalatlas.ai/funds/blue-sky) — Series C
- Fanpujinke Group Co., Ltd. — Series C
- Silverhorn Investment Advisors (https://capitalatlas.ai/funds/silverhorn-investment-advisors) — Series D