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Tech in Asia (YC W15) is the largest English-language technology media company that focuses on Asia. From the latest news to the hottest trends and the boldest startups to the strongest titans, we cover everything tech in the region. Our goal is to build and serve Asia’s tech and startup community.

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Private Capital Markets

<ul><li>Hong Kong-based WeLab has acquired a small Indonesian bank called Bank Jasa Jakarta to enter the country’s digital banking space.</li><li><p>To pull off the deal, the fintech firm raised US$240 million through a consortium called WeLab Sky. The amount is the largest fintech funding in Indonesia this year, WeLab says.</p></li><li>WeLab, which plans to launch the digital bank app by the second half of 2022, will enter a market already populated by tech startups.</li></ul>

Hong Kong-based WeLab has acquired a small Indonesian bank called Bank Jasa Jakarta to enter the country’s digital banking space.To pull off the deal, the fintech firm raised US$240 million through a consortium called WeLab Sky. The amount is the largest fintech funding in Indonesia this year, WeLab says.WeLab, which plans to launch the digital bank app by the second half of 2022, will enter a market already populated by tech startups.

WeLab Enters Indonesia’s Digibank Space Via an Acquisition

WeLab Ltd

WeLab Enters Indonesia’s Digibank Space Via an Acquisition