Norton Rose Fulbright advised Siam Commercial Bank on a US$100 million strategic investment in Akulaku
Global | Press release - Business | February 2022
Global law firm Norton Rose Fulbright advised Siam Commercial Bank on a US$100 million Series E investment in Akulaku, Southeast Asia’s leading digital consumer finance platform. The notable investment by the bank highlights the growth of e-commerce across Southeast Asia.
Siam Commercial Bank is one of Thailand’s leading universal banks, providing a full range of financial services through its nationwide branch network to clients in various segments.
The Norton Rose Fulbright team was led by partners Sam Inohara (Tokyo) and James Parker (Hong Kong) and supported by partners Kresna Panggabean (Jakarta) and Sun Hong (Shanghai). Other core team members include associate Rainbow Fu and trainee Jasmine Chan (Hong Kong), associate Jeremiah Purba (Jakarta) and senior associate Shibin Zhao (Shanghai).
Sam Inohara commented: “We are delighted to have advised Siam Commercial Bank on its investment in Akulaku with the support of our multi-jurisdictional team. This investment signifies the rapidly evolving landscape of digital banking and we are pleased to play a role in SCB’s expansion into this area.”
Siam Commercial Bank is one of Thailand’s leading universal banks, providing a full range of financial services through its nationwide branch network to clients in various segments.
The Norton Rose Fulbright team was led by partners Sam Inohara (Tokyo) and James Parker (Hong Kong) and supported by partners Kresna Panggabean (Jakarta) and Sun Hong (Shanghai). Other core team members include associate Rainbow Fu and trainee Jasmine Chan (Hong Kong), associate Jeremiah Purba (Jakarta) and senior associate Shibin Zhao (Shanghai).
Sam Inohara commented: “We are delighted to have advised Siam Commercial Bank on its investment in Akulaku with the support of our multi-jurisdictional team. This investment signifies the rapidly evolving landscape of digital banking and we are pleased to play a role in SCB’s expansion into this area.”
