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Bloomberg
Mitsubishi UFJ Financial Group Inc is in talks to invest about $200 million in Akulaku Inc, an Indonesian online lender backed by Jack Ma’s Ant Group Co, according to people familiar with the matter.
MUFG, as Japan’s biggest lender is known, is negotiating the terms of a potential financing for Akulaku as it seeks to expand its presence in the Southeast Asian nation, the people said. The funds could give the startup a valuation of around $1.5 billion.