Bukalapak (BUKA IJ) - Enhancing Financial Offerings
224 Views, 10 Jan 2022 10:18
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Bukalapak (BUKA IJ) has announced that it will participate in the upcoming rights issue of new digital bank Allo Bank, its first direct investment in a financial services company.
- This move will help to enhance the company's financial services offering to its 10.4m plus Mitras and sellers in the platform helping to increase stickiness and improve take-rates.
- We expect positive momentum going forward as some of its new focus areas pick up the pace and valuations look attractive from an EV/gross sales perspective given its growth prospects.