Akulaku

Last Updated: 22.04.2020. Date when the basic information was updated
Akulaku
Loans Originated Total volume of loans issued by this company to borrowers since its founding.
€ 1 930.1 M
Loan portfolio Loans issued by the lending company to borrowers at the time of the most recent financial statement that are current or less than 60 days late.
€ 97.4M
Buyback obligation A credit enhancement given by the lending company or other entity of a lending company group to the investor for a particular investment opportunity. If an underlying loan is more than 60 days late, the lending company is obligated to buy back the investment at nominal value plus accrued interest. Usually, this means investors will be able to recover their investment in case of a borrower default.
Skin in the Game To ensure the interests of a lending company and investors are aligned, the company is required to keep a stake of each investment opportunity it offers through Mintos. This is called the company's skin in the game.
Average Interest % The weighted average interest rate of investment opportunities from this lending company.
Website:
Founded: The year the company was founded.
2016
Employees:
1500
Annual percentage rate charged to borrowers:
0%-375%
Outstanding Principal: Total outstanding principal from this company on Mintos.
0

About

Akulaku is the leading consumer finance platform in South East Asia and the first loan originator to join the marketplace from Indonesia. Although headquartered in Indonesia, Akulaku also has operations in Malaysia, Vietnam and the Philippines. The company’s vision is to create a cashless society by means of credit in Southeast Asia. Streetcorner Ecommerce Limited provides a group guarantee to secure the buyback execution for loans offered to Mintos investors.

On 16 April 2020, Akulaku was suspended from the Primary and Secondary Markets due to late payment settlement. 

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