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Indonesian fintech Investree takes control of 18 4% stake in Bank Amar

Indonesian P2P lender Investree buys 10 9% stake in Bank Amar for $29m

Investree to acquire 18 4 percent stake in Indonesian digital bank Amar Bank

Investree Singapore Pte Ltd (Investree Group), a holding company of Southeast Asian fintech lending platforms for micro, small, and medium enterprises (MSMEs), is set to acquire 18.4 percent minority stake in PT Bank Amar Indonesia Tbk (Amar Bank), a licensed commercial bank and digital banking pioneer in Indonesia. Investree has signed a transaction agreement with Tolaram Group Inc. (Tolaram), a Singapore-headquartered enterprise who backed Amar Bank, for the acquisition.

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