Amartha in talks to buy Indonesian bank

The fintech is in the process of raising a pre-initial public offering (IPO) funding round. Amartha remains focused on growing their services in Indonesia to help serve the unbanked women to empower them with capital to start their business and pursue their dreams, as the company states. 

In September 2021 new investors were interested in Bank Victoria’s divestment of Bank Victoria Syariah and were in the process of due diligence. Local media reports have indicated the divestment was related to Bank Victoria’s need to boost its capital to meet new minimum requirements taking effect this year.