A consortium led by WeLab has raised US$236 million to buy an Indonesian bank and grow its digital banking operation, marking the second foray by Hong Kong’s home-grown fintech unicorn into Asia’s virtual financial services industry.The WeLab Sky consortium would buy a controlling stake in Bank Jasa Jakarta, and build a digital banking platform to provide branchless financial services to the portion of Indonesia’s population who are underserved by banks, making up an estimated 77 per cent of…
WeLab-led group raises US$236 million to buy Indonesian bank for foray into digital banking
Bybadmin
Dec 7, 2021