Kredivo's parent firm FinAccel builds 24% stake in Indonesia's Bank Bisnis Internasional

Kredivo's parent firm FinAccel builds 24% stake in Indonesia's Bank Bisnis Internasional

FinAccel, the parent company of Indonesia’s digital credit platform Kredivo, has acquired a 24% stake in local bank PT Bank Bisnis Internasional Tbk, according to a stock exchange disclosure by the latter. 

FinAccel spent 551.31 billion rupiah ($38.4 million) to buy the stake in Bank Bisnis Internasional from its existing shareholders PT Sun Land Investasi and Sundjono Suriadi. 

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