Indonesia's BRI Agro to raise capital for digital bank spinoff, enter supply chain financing

Indonesia’s BRI Agro seeks to raise external capital and enter supply chain financing to advance its digital banking ambitions in the country, its chief executive officer Kaspar Situmorang told DealStreetAsia in an interview.

He did not disclose the firm’s fundraising targets or timelines but said that the Indonesian bank is “in the middle of conversations with strategic partners” for the proposed fundraising exercise.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter