Investree Joins Bank Acquisition Trend

Summary

The parent company of the fintech lending platform Investree, Investree Singapore Pte Ltd (Investree Group), and Tolaram Group Inc have signed a transaction agreement related to Investree Group's plan to acquire an 18.4 percent stake in PT Bank Amar Indonesia Tbk (AMAR). The acquisition allows Investree Group to develop its financing products even further. They can also offer broader digital business solutions to elevate the operational level of micro, small, and medium enterprises (MSMEs) throughout Indonesia.

"This initiative is part of creating a cohesive cross-collaboration between fintech and banking as well as jointly innovating products, providing digital financing services and more integrated business solutions, as well as expanding our MSMEs supports in cities that are part of the Bank Amar network," Adrian Gunadi, Director of Investree Group and Co-Founder & CEO of Investree, said on Wednesday.

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