Indonesia Digest: Investree buys stake in Mbiz; UMG Idealab backs Legalku

Indonesian P2P firm Investree has acquired a stake in B2B procurement startup Mbiz while legal startup Legalku has secured unspecified funding from UMG Idealab, the corporate venture capital arm of Myanmar’s UMG Group.

P2P firm Investree acquires stake in Lippo-backed Mbiz

Investree, a peer-to-peer startup that facilitates loans from lenders to mostly SME borrowers, has reportedly acquired a major stake in B2B procurement platform Mbiz to further build its infrastructure to support SMEs.

Bring stories like this into your inbox every day.

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