Beyond Ajaib, These Are Other Tech Companies That Own Bank Shares

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Reza Pahlevi 13/04/2022 17:20 WIB

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Not only is it amazing, several technology companies, both domestic and foreign, have also invested in small Indonesian banks. Previously, Bukalapak also acquired an 11.9% stake in CT Corp's digital

Technology Company Ownership in Bank Indonesia (April 13, 2022)

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Technology Company Ownership in Bank Indonesia (April 13, 2022)

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Investment startup Ajaib (PT Takjub Finansial Teknologi) has just increased its stake in Bank Bumi Arta. Ajaib's ownership has now risen from 24% to 40%, making it the controlling shareholder of the bank.

Not only Ajaib, but several other technology companies, both domestic and foreign, have also invested in small Indonesian banks. Previously, Bukalapak acquired an 11.9% stake in CT Corp's digital bank, Allo Bank.

GoTo, through Gopay, holds a 21.4% stake in Bank Jago. Kredivo also acquired a 40% stake in Bank Bisnis Internasional last year.

Meanwhile, foreign technology company Sea Group (the controlling shareholder of Shopee) owns a 94.95% stake in SeaBank. LINE Corporation also holds a 20% stake in Bank KEB Hana, which owns the digital bank LINE Bank.

Finally, Hong Kong-based startup WeLab holds a 24% stake in Bank Jasa Jakarta. This ownership could increase to 100% after WeLab receives approval from the Financial Services Authority (OJK).

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."