KONTAN.CO.ID - JAKARTA. Southeast Asian online lending platform Akulaku, which is backed by China's Alibaba , secured $100 million of debt financing from London-based HSBC, Akulaku's CEO said, as it aims to make the company more profitable. William Li told Reuters in an interview on Friday the proceeds from the financing will be used to settle some of Akulaku's debts. "The financials of the entire group are seemingly more and more healthier than before, so we are not in urgent (need) of raising money. We would like to see that the entire group is profitable and then we're considering whether raising money or not," he said.
Alibaba-Backed Fintech Akulaku Secures HSBC Financing, Aims for Double-Digit Growth
KONTAN.CO.ID - JAKARTA. Southeast Asian online lending platform Akulaku, which is backed by China's Alibaba , secured $100 million of debt financing from London-based HSBC, Akulaku's CEO said, as it aims to make the company more profitable. William Li told Reuters in an interview on Friday the proceeds from the financing will be used to settle some of Akulaku's debts. "The financials of the entire group are seemingly more and more healthier than before, so we are not in urgent (need) of raising money. We would like to see that the entire group is profitable and then we're considering whether raising money or not," he said.