WeLab’s office in Hong Kong. The lender has grown rapidly providing online lending with mainland partners and virtual banking services in Hong Kong. Photo: WeLab
WeLab’s office in Hong Kong. The lender has grown rapidly providing online lending with mainland partners and virtual banking services in Hong Kong. Photo: WeLab

Hong Kong digital lender WeLab expands to Southeast Asia via US$510 million acquisition of Indonesia’s Bank Jasa Jakarta

  • Rapidly expanding WeLab moves into Southeast Asia with acquisition of Jakarta bank that operates 11 commercial branches
  • The new owners plan to keep BJJ’s existing operations and to launch digital banking for the nation’s young, digitally savvy population next year

WeLab’s office in Hong Kong. The lender has grown rapidly providing online lending with mainland partners and virtual banking services in Hong Kong. Photo: WeLab
WeLab’s office in Hong Kong. The lender has grown rapidly providing online lending with mainland partners and virtual banking services in Hong Kong. Photo: WeLab

Corrected [7:58pm, 19 Sep, 2022]

  • [7:58pm, 19 Sep, 2022]

    This story has been amended to show that only WeLab was involved in the acquisition of a 24 per cent stake in BJJ in December.

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