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Finance

Bukalapak and Grab to invest in Indonesian lender

Participation in local rights issue underscores tech giants' interest in finance

Bukalapak and other Southeast Asian tech companies see promise in Indonesia's digital banking sector. (Source photos by Reuters and screenshot from Allo Bank's YouTube page) 
SHOTARO TANI, Nikkei staff writer | Indonesia

JAKARTA -- A host of leading tech companies in Southeast Asia are set to invest in an Indonesian lender, marking the latest entry of major players from that sector into the country's banking industry.

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