WeLab raises $240m for Indonesia expansion

WeLab raised $240M Growth equity round on December 7, 2021.

Primary

WeLab

Amount

$240M

Structure

Growth equity round

Date

December 7, 2021

Sub-sector

Neobank

WeLab secures capital to acquire PT Bank Jasa Jakarta and expand digital banking services into Indonesia, targeting underbanked population.

Primary company

WeLab

Counterparty

Not disclosed

Amount

$240M

Event date

December 7, 2021

Sub-sector

Neobank

HQ

Not disclosed

Structure

Growth equity round

Source published

December 23, 2021

Publisher

Verdict

Source: verdict.co.uk