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Announced

Completed

Ribbit Capital completed an investment in Bank Jago.

Financials

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Consideration TypeCash
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Acquisition

Public

Completed

Friendly

bank

Indonesia

Banks

Private Equity

Minority

Cross Border

technology

Single Bidder

Synopsis

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Ribbit Capital, an investment firm, completed an investment in Bank Jago, an Indonesia-listed technology-based bank. Financial terms were not disclosed. "We are witnessing a revolution in digital banking around the world. Bank Jago is the first fully digital bank in Indonesia and has made tremendous progress towards growing digital banking services for Indonesians. Bank Jago’s commitment to serve Indonesia’s consumers with the best digital banking and fintech products matches global peers and we look forward to participating in this journey," Micky Malka, Ribbit Capital Managing Partner.

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