FinAccel to acquire a 75% stake in Bank Bisnis.

FinAccel, a financial technology company, agreed to acquire a 75% stake in Bank Bisnis, a non-foreign exchange private commercial bank. Financial terms are not disclosed. "While Kredivo has been at the forefront of consumer credit digitization via our BNPL business over the last several years, the digitization of Indonesian banking services is only getting started. In line with our mission to serve customers with products that are fast, affordable and widely accessible, we look forward to serving customers with world-class banking products in the future. We are also very grateful to the Suriadi family for their support and cooperation during this year-long acquisition process," Akshay Garg, FinAccel CEO and Co-founder.