Indonesian SME lending platform Investree is set to subscribe to the rights issue of Bank Amar in December in a move to significantly enhance its stake and become a strategic partner in the lender, co-founder and CEO Adrian Gunadi told DealStreetAsia.
“Yes, we intend to subscribe to the rights issue. The intention is to increase our stake above the current shareholding to become a payment service provider [that act as intermediaries between consumers and retailers] subject to OJK approval on this matter,” he said declining to comment on specific details.
