FinVolution's AdaKami and PermataBank Expand Digital Lending Reach

By Editorial Team 16/01/2023
Fintech
Summary

AdaKami, a fintech subsidiary of Chinese company FinVolution, announced a strategic cooperation with PT Bank Permata Tbk (BNLI). The collaboration will increase FinVolution's financing facility by Rp 100 billion and hopefully drive innovation in the digital financial ecosystem through data analytics to accelerate financial inclusion in the Indonesian market.

"Our partnership with PermataBank has further expanded our funding base in the international markets and validated our successful transition to better-quality borrowers," FinVolution Group CEO Feng Zhang revealed in the company's official statement on Friday.

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