Indonesian fintech Alami is acquiring a $ 10 million rural bank

Indonesian peer-to-peer lending (P2P) Fintech Alami has acquired Sharia-compliant bank BPRS Cempaka Al-Amin worth $ 10 million.

Alami CEO, Dima Djani

According to DealStreetAsia According to sources, Alami is providing the bank with enough capital to meet the new limits set by the Indonesian Financial Services Authority.

Founded in 2017, Alami works with Shariah banks to provide invoice finance for small and medium-sized businesses.

It is claimed that users have accounts in …

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