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Market Chatter: Indonesian Fintech Firm Akulaku Pursues Hong Kong IPO

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Ant Group-backed Indonesian fintech Akulaku has confidentially submitted a Hong Kong IPO application, targeting $300 million to $500 million in proceeds, IFR reported on Tuesday.

The Jakarta-based firm, previously valued at $2 billion in 2025, had earlier considered a U.S. listing before pivoting to Hong Kong, the news portal said.

Launched in 2016, the company operates in consumer credit, e-commerce, and digital banking, with backers including Ant, IDG Capital, and MUFG.

Akulaku did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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