SG fintech startup C88 acquires Indonesia's IDX Optus to ramp up credit scoring capability

SG fintech startup C88 acquires Indonesia's IDX Optus to ramp up credit scoring capability

In a bid to become a leader in Southeast Asia’s credit decision analytics and scoring space, Singapore-based fintech company C88 Financial Technologies has acquired Indonesian analytics and information management company IDX Optus.

Following the deal, the team and operations of IDX Optus will co-locate with that of C88 in Jakarta to focus on serving the Indonesian market together, before establishing a Philippine presence by early 2020, per an official statement.

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