JAKARTA -- The Sharia-compliant peer-to-peer (P2P) lender ALAMI Technologies has acquired a Sharia rural bank, BPRS Cempaka Al-Amin, in Indonesia, three people familiar with the matter told DealStreetAsia.
DealStreetAsia
Indonesian peer-to-peer lender ALAMI buys Sharia bank
Startup to expand Islamic financing business to target young Muslims
The number of fintechs focused on Sharia lending registered in Indonesia stood at 11 in 2020. © Reuters
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