ALAMI Continues its Expansion Programme with Another BPR Acquisition Supporting Indonesia’s Islamic Finance Industry Growth

ALAMI Fintek Sharia (ALAMI) has completed the acquisition process of a Shariah Rural Bank (BPR) located in Jakarta, Indonesia. In an official statement on the 17th of May 2021, Dima Djani, the Chief Executive Officer of the Indonesian Shariah Fintech peer-to-peer lending platform explained that the acquisition process and additional capital will be carried out in stages with the deal valued at over IDR 50 billion.

Why it Matters?

Contrary to acquiring fintechs like most other banks, ALAMI’s strategy is to improve the BPR through the application of its technology which will increase effectiveness, efficiency and professionalism of the BPR, allowing for greater competitiveness within the digital financial sector. Collaborations such as these (betwe...