Indonesian P2P lender ALAMI buys local Sharia rural bank, plans to raise more funds

The Sharia-compliant peer-to-peer (P2P) lender ALAMI Technologies has acquired a Sharia rural bank, PT BPRS Cempaka Al-Amin, in Indonesia, three people familiar with the matter told DealStreetAsia.

The sources added that the total transaction value is less than $10 million.

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