Indonesia’s Digiasia Bios weighs buying minority stake in a local bank, could raise up to $200m
DigiAsia co-founder Alexander Rusli
Indonesian B2B fintech startup Digiasia Bios is considering buying a minority stake in a local bank, for which it is open to raising up to $200 million in equity funding, founder Alexander Rusli told DealStreetAsia in an exclusive interaction.
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The firm has mandated CLSA and Lima Capital Asia for the fundraising process.
The firm had raised $7 million in a Series A round from US-based Nexis Capital in the third quarter of 2019.
