Indonesian unicorn Ajaib buys 24% stake in Bank Bumi Arta for $52m

Indonesian online brokerage Ajaib, which recently entered the unicorn club, has acquired a 24% stake in PT Bank Bumi Arta Tbk for 745.67 billion rupiah ($52.23 million), according to the lender’s disclosure to the stock exchange on Friday.

Ajaib acquired about 554.4 million shares in Bank Bumi Arta, a small-asset lender, through its subsidiary PT Takjub Finansial Teknologi at 1,345 rupiah per share, the filing to the Indonesia Stock Exchange (IDX) showed.

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