Akulaku said to raise latest funding round

E-commerce platform Akulaku has reportedly raised a funding round between $5m and $10m, which was completed earlier this year.

The investment saw contributions from firms including DCM Ventures and Qiming VC, according to Dealstreet Asia, which cites three people with knowledge on the situation.

Akulaku is an e-commerce and online financial services provider in Southeast Asia, which allows users to make purchases in instalments without the need of using a credit card.

This platform offers a range of brands to buy from including, Apple, Sony, Samsung and ASUS.

The company has received investments every year since 2014, but all were undisclosed amounts.

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