Sea has gained full control of the lender better known as Bank BKE, after buying stakes from existing shareholders PT Danadipa Artha Indonesia and PT Koin Investama Nusantara.
The move accelerates the company’s ambition to establish itself as an important player in financial technology and services across its region. Sea raised almost USD 3 billion in a stock offering in December 2020 month, saying it intends to spend the proceeds on business expansion.
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