FinAccel completed the acquisition of a 24% stake in Bank Bisnis for $38m.

Synopsis

FinAccel, a financial technology company, completed the acquisition of a 24% stake in Bank Bisnis, a provider of various banking products and services in Indonesia, for $38m. FTI’s participation is expected to boost BBSI’s performance, particularly regarding its strategic plan to enter digitalisation.

Principals

target

Bank Bisnis Internasional

bidder

Kredivo Holdings (ex Finaccel)

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Market Context

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Seller Team (1)

laniwati tjandra

President at BANK BISNIS INTERNASIONAL

Manager

target

Deal

£ 27 M

Total Value

Bidder Team (1)

akshay garg

Founder and CEO at KREDIVO HOLDINGS (EX FINACCEL)

Manager

bidder

Deals

£ 2.17 B

Total Value

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