Fintech Firms Intensify Bank Acquisitions

fintech competition

Xendit is reportedly eyeing a majority stake in Bank Sahabat Sampoerna. The financial technology (fintech) unicorn previously confirmed that it planned to purchase multi-finance company PT Globalindo Multi Finance shares. However, DailySocial broke the news about Xendit's acquisition plan, which would be carried out in stages until it finally controls 51 percent of the bank shares. tried to confirm the report to Xendit, but its management refused to say anything. Last week, Xendit confirmed that it would purchase some shares of the multi-finance company PT Globalindo Multi Finance, related to Globalindo Multi Finance's plan to merge with PT Emas Persada Finance.

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.