Astra Financial and WeLab launch digital bank services in Indonesia

PT Bank Jasa Jakarta (BJJ), owned by financial business unit Astra Financial and fintech firm WeLab since 2022, have on Monday launched Bank Saqu, a digital banking service, as a financial partner for individuals and small and medium-sized enterprises (SMEs) in Indonesia with a solopreneur spirit. The launch of Bank Saqu is in line with the vision of BJJ to…

WeLab and Astra complete Bank Jasa Jakarta acquisition

WeLab, a Hong Kong-based fintech platform, announced Monday the completion of the acquisition of an Indonesian commercial bank, PT Bank Jasa Jakarta (BJJ), together with PT Astra International Tbk (Astra), one of Indonesia's largest public companies.

Hong Kong’s WeLab acquires Bank Jasa Jakarta in Indonesia to launch second digital bank in Asia

WeLab announced Monday the acquisition of PT Bank Jasa Jakarta (BJJ), a commercial bank in Indonesia, with plans to launch its second digital bank in Asia further to the successful launch of WeLab Bank in Hong Kong. WeLab said it had drawn wide-spread interest from existing and new investors who have already contributed $240 million for this transaction,…