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Hong Kong fintech unicorn WeLab raises $240M to buy Indonesian bank – TechCrunch

A virtual bank is soon coming to Indonesia. WeLab, a Hong Kong-based fintech unicorn, announced Tuesday its acquisition of Bank Jasa Jakarta (BJJ), an Indonesian commercial bank. With the deal, WeLab is planning to launch a digital bank to capture the country’s enormous unbanked population in the second half of next year. A consortium led […] ....

Indonesia General , Hong Kong , Li Ka Shing , Bank Jasa Jakarta , Astra International , Hong Kong Based , Welab Sky , Lab Sky , Southeast Asia ,