Singapore Tech Startup Acquires Indonesian Bank

January 16, 2021

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Singapore tech startup, SEA Ltd., has acquired Indonesian bank, PT Bank Kesejahteraan Ekonomi, making the tech startup one of the most valuable companies in Southeast Asia.

This is just another move by the tech startup to capture market share within the fintech industry around Asia.

Digital banking is seeing massive growth and demand throughout the region, with the sudden explosion of digital banks popping up throughout the region.