Indonesia

GoTo’s Post-IPO Ascent Is Far From a Done Deal
GoTo’s Post-IPO Ascent Is Far From a Done Deal
April 06, 2022  |  Investments

GoTo’s initial backers can expect very healthy returns on investment, indeed — but one wonders what’s next. As noted in this space last week, GoTo...

READ MORE >
FinAccel Acquires $200M Majority Stake in Bank Bisnis
FinAccel Acquires $200M Majority Stake in Bank Bisnis
April 04, 2022  |  Acquisitions

Consumer credit risk, scoring and lending platform FinAccel is acquiring a majority stake in the private commercial financial institution Bank Bisnis International for $200 million...

READ MORE >
Today in Crypto: WeChat Suspends Some NFT Accounts; Citi Sees Metaverse Market Worth Up to $13T by 2030
Today in Crypto: WeChat Suspends Some NFT Accounts; Citi Sees Metaverse Market Worth Up to...
April 03, 2022  |  Cryptocurrency

WeChat, China’s largest messaging app, has suspended some accounts that have been associated with NFTs as it clarifies its rules around the digital collectibles, a...

READ MORE >
Indonesian FinTech Amartha Eyes Bank Purchase
Indonesian FinTech Amartha Eyes Bank Purchase
March 28, 2022  |  Acquisitions

Indonesian peer-to-peer lender Amartha is in talks to acquire 70% of local bank PT Bank Victoria Syariah, according to a DealStreetAsia report Monday (March 28)....

READ MORE >
Super App GoTo Readies $1.3B IPO on Indonesia Stock Exchange
Super App GoTo Readies $1.3B IPO on Indonesia Stock Exchange
March 15, 2022  |  IPO

Super app GoTo, Indonesia’s largest startup, is planning to raise $1.3 billion at an estimated valuation of $29 billion in an initial public offering (IPO)...

READ MORE >
Akulaku Gets $100M Investment for Southeast Asia Expansion
Akulaku Gets $100M Investment for Southeast Asia Expansion
February 18, 2022  |  Investments

Siam Commercial Bank has made a $100 million strategic investment in Indonesian banking and digital finance platform Akulaku that will help the company continue its...

READ MORE >
Bank Negara Indonesia Acquires Digital Banking Platform Bank Mayora
Bank Negara Indonesia Acquires Digital Banking Platform Bank Mayora
January 24, 2022  |  Acquisitions

PT Bank Negara Indonesia Tbk (BNI) on Monday (Jan. 24) announced it will acquire about 64% of digital banking platform PT Bank Mayora, helping the...

READ MORE >
Singtel, Grab Each Snag 16.3% of Indonesia’s PT Bank Fama
Singtel, Grab Each Snag 16.3% of Indonesia’s PT Bank Fama
January 21, 2022  |  International

Telecom firm Singapore Telecommunications (Singtel) and ride hailing and payments firm Grab Holdings Ltd. each bought 16.3% of Indonesia’s PT Bank Fama International to expand their...

READ MORE >
Indonesia Digital Bank Rights Issue Attracts Grab Subsidiary Carro, Other Supporters
Indonesia Digital Bank Rights Issue Attracts Grab Subsidiary Carro, Other Supporters
January 05, 2022  |  International

Car marketplace Carro, a subsidiary of food delivery platform Grab, is among several companies slated to participate in a 4.8-trillion-rupiah (about $334 million) rights issue...

READ MORE >