FinVolution Subsidiary AdaKami Enters into Strategic Funding Agreement with PT Super Bank, Indonesia [Yahoo! Finance]
FinVolution Group American Depositary Shares (FINV)
Company Research
Source: Yahoo! Finance
that its Indonesian financial application, AdaKami, has entered into a strategic funding agreement with PT Super Bank Indonesia, a leading digital-focused bank in Indonesia Under the terms of the agreement, Superbank will provide AdaKami with a funding facility of 500.0 billion Rupiah (approximately US$32.0 million ). This funding arrangement highlights AdaKami's recognition by a leading local bank following its successful transition to serving better-quality borrowers. With this agreement, Superbank will become AdaKami's strong funding partner in Indonesia , validating Adakami's successful strategy of transition to better-quality borrowers. Currently, AdaKami has established cooperation with multiple lenders including Superbank, Seabank, Bank Jago, Bank Permata, OCBC NISP among others. Mr. Tiezheng Li , Vice Chairman and Chief Executive Officer of FinVolution Group, commented, "We are proud to collaborate with Superbank to serve our growing customer base in Indonesia . With our t
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- 10/4/24 - Form SC
- 9/3/24 - Form 144
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