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Announced

Completed

Siam Commercial Bank completed a $100m investment in Akulaku.

Financials

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Transaction Value£73m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Minority

Friendly

Philippines

Single Bidder

Private

Completed

Cross Border

Banks

digital bank

Acquisition

E-commerce

e-commerce platform

Synopsis

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Siam Commercial Bank, a Thai bank, completed a $100m investment in Akulaku, a digital banking and finance platform. “We founded Akulaku to meet the daily financial needs of underserved customers in emerging markets. Our recent round of funding will allow us to continue that vision by further expanding the geographic reach of our offerings across Southeast Asia and enable us to continue introducing innovations to serve our customers," William Li, Akulaku CEO.

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