WeLab / Bank Jasa Jakarta 2021
WeLab acquired Bank Jasa Jakarta on December 7, 2021.
- Target
- Bank Jasa Jakarta
- Acquirer
- WeLab
- Announced
- December 7, 2021
- Sub-sector
- Neobank
Transaction overview
- WeLab announced the acquisition of Bank Jasa Jakarta on December 7, 2021.
- The deal is expected to close pending customary conditions.
Strategic rationale
Hong Kong fintech unicorn expands into Indonesian banking and digital finance market through acquisition of local bank.
Deal terms & multiples
Frequently asked questions
When did WeLab announce the acquisition of Bank Jasa Jakarta?
WeLab announced the acquisition of Bank Jasa Jakarta on December 7, 2021.
What sub-sector is Bank Jasa Jakarta in?
Bank Jasa Jakarta is tracked in the Neobank sub-sector.
Sources
- dealstreetasia.com /stories/welab-bank-jasa-jakarta-272781/