Danamon agrees to Rp500 billion digital financing facility for Akulaku

PT Bank Danamon Indonesia Tbk has signed a memorandum of understanding with PT Akulaku Finance Indonesia, agreeing to a Rp500 billion financing facility. This funding aims to strengthen Akulaku's financing capacity and support the expansion of its digital financing services across Indonesia.

The facility will be utilized to meet Akulaku Finance Indonesia's working capital requirements, driven by increasing public demand for digital financing solutions. This support is expected to enhance the company's ability to provide relevant financing options for various customer segments. The collaboration highlights the growing synergy between traditional banking institutions and digital financing firms in addressing the evolving financial service landscape.

"This cooperation is part of our effort to continuously strengthen the company's funding structure more optimally," said Perry Barman Slangor, President Director of PT Akulaku Finance Indonesia. "Synergy with Danamon is expected to support the development of financing services that are increasingly relevant to public needs while strengthening the company's growth foundation going forward."

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This cooperation is part of our effort to continuously strengthen the company's funding structure more optimally. Synergy with Danamon is expected to support the development of financing services that are increasingly relevant to public needs while strengthening the company's growth foundation going forward.

Slangor explained that PT Akulaku Finance Indonesia, part of the Akulaku Group ecosystem, is a strategic partner for Danamon. This financing initiative aligns with Danamon's commitment to providing holistic and customizable financial solutions, including for digital financing providers that play a significant role in reaching the public's financial needs. Danamon's parent company, MUFG Bank, Ltd., also supports this growth strategy.

Jin Yoshida, Global Alliance Strategy Director at PT Bank Danamon Indonesia, views the partnership as a strategic step to bolster financing support for technology-based multifinance sectors in Indonesia. "Through the provision of this working capital facility, we hope to strengthen Akulaku Finance Indonesia's funding capacity in serving the public's financing needs responsibly and sustainably," Yoshida stated. "This cooperation also reflects Danamon's commitment to strengthening collaboration with corporate customers, while optimizing synergy within the MUFG ecosystem in Indonesia."

In the context of Indonesia's digital economy growth, the collaboration between banking institutions and digital financing companies is increasingly crucial for expanding formal financial services. Such synergy can positively contribute to strengthening the national financial services industry and supporting overall economic growth.

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Through the provision of this working capital facility, we hope to strengthen Akulaku Finance Indonesia's funding capacity in serving the public's financing needs responsibly and sustainably. This cooperation also reflects Danamon's commitment to strengthening collaboration with corporate customers, while optimizing synergy within the MUFG ecosystem in Indonesia.