Indonesian unicorn Ajaib to ramp up stake in Bank Bumi Arta to over 50%

Indonesian online brokerage Ajaib, which recently joined the unicorn club, plans to increase its stake in the country’s small-sized lender Bank Bumi Arta to more than 50% from 40% now, according to a source privy to the development. 

The wealth tech unicorn has been ramping up its stake in Bank Bumi Arta through its subsidiary PT Takjub Finansial Teknologi.

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