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Investree Singapore to acquire 18.4% of Indonesia's Amar Bank

Investree Singapore has announced it will be acquiring an 18.4% stake in Indonesian digital bank PT Bank Amar Indonesia from Singapore-headquartered Tolaram Group to expand access to financial services for micro, small, and medium enterprises (MSMEs) in the country. The fintech platform, which operates in Indonesia under PT Investree Radhika Jaya, has strong synergies with Amar Bank that will allow it to expand financing products and offer broader digital business services for MSMEs. Adrian Gunadi, co-founder and chief executive officer of PT Investree Radhika Jaya, said the partnership will allow the company to expand its reach into cities that are part of Amar Bank’s network. Vishal Tulsian, president director of Amar Bank, said the involvement and expertise of Investree will allow them to introduce new and enhanced product offerings for MSMEs in Indonesia.

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