Golden Gate-backed ALAMI acquires Sharia-compliant rural bank: Report

Indonesia’s Sharia-based P2P lending platform ALAMI has acquired BPRS Cempaka Al-Amin for under US$10 million, DealstreetAsia has reported citing undisclosed sources. BPRS Cempaka Al-Amin is a Sharia-compliant P2P lending platform. As per the DSA report, this deal will provide the bank with the fresh capital to comply with new rules set out by the Indonesian Financial […] The post Golden Gate-backed ALAMI acquires Sharia-compliant rural bank: Report appeared first on e27.