FinVolution Secures $32M Funding for AdaKami Through Super Bank Partnership in Indonesia
Portfolio Pulse from Benzinga Newsdesk
FinVolution Group's Indonesian financial application, AdaKami, has secured a $32 million funding facility from PT Super Bank Indonesia. This strategic partnership highlights AdaKami's successful transition to serving better-quality borrowers and strengthens its position in the Indonesian market.
October 29, 2024 | 8:33 am
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FinVolution Group's AdaKami has secured a $32 million funding facility from PT Super Bank Indonesia, enhancing its financial capabilities and market position in Indonesia.
The $32 million funding from PT Super Bank Indonesia strengthens AdaKami's financial position and validates its strategy of targeting better-quality borrowers. This partnership is likely to enhance FinVolution's growth prospects in the Indonesian market, positively impacting its stock price.
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