ID Digest: UangTeman gets relief from lawsuit; Akulaku takes over Bank Neo Commerce

ID Digest: UangTeman gets relief from lawsuit; Akulaku takes over Bank Neo Commerce

UangTeman, legally known as PT Digital Alpha Indonesia, has been freed from a $1 million lawsuit initially petitioned by Real Kapital for defaulting on its loan obligations, according to a statement on Wednesday.

A $1 million lawsuit against P2P lender UangTeman in a Jakarta court has been withdrawn. In a separate development, Indonesian fintech company Akulaku has officially taken over Bank Neo Commerce.

UangTeman gets relief from $1m lawsuit

A lawsuit against Indonesian P2P lender UangTeman, in a local court in Jakarta, has been withdrawn by the complainant, according to a statement on Wednesday.

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