#BANK BISNIS INTERNASIONAL FULL#

For companies with multiple common share classes, market capitalization includes both classes. Market Cap is calculated by multiplying the number of shares outstanding by the stock's price.

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#BANK BISNIS INTERNASIONAL FULL#

'Kredivo's entry into has natural synergies with its core business and taps into the full banking revenue pool,' it said.P/E Ratio (TTM) The Price to Earnings (P/E) ratio, a key valuation measure, is calculated by dividing the stock's most recent closing price by the sum of the diluted earnings per share from continuing operations for the trailing 12 month period. It laid the foundation by acquiring a 24% stake in the small Indonesian lender Bank Bisnis Internasional in May, and FinAccel said there is an option to acquire 75% of the lender by April next year. The startup also has plans to launch a digital bank in Indonesia this year to offer auto loans, housing loans and other wealth products. It posted a net loss of $23 million in 2020 and had 2.2 million cumulative users last year.ДЇinAccel will launch its services in Vietnam this yearВ and in Thailand and the Philippines next year, the presentation said. It estimates revenue will reach $320 million in 2022. 'Considering that 66% of Southeast Asia's population is unbanked or underbanked, we also see a very attractive opportunity to serve these customers with other financial services, outside of credit,' he added.ДЄccording to FinAccel's investor presentation, the company posted revenue of $74 million in 2020, a 60% increase compared to the previous year. 'Unlike Western markets, where credit is readily accessible, traditional banks in Southeast Asia have historically provided little consumer credit in our markets, which creates a large opportunity for Kredivo,' said Akshay Garg, co-founder and CEO of FinAccel. The merger is expected to close 'no later than the first quarter of 2022,' FinAccel and Victory Park Capital said in a statement. Square Peg Capital and South Korea's Naver, both existing investors in the company, also agreed to invest $55 million. The deal will include a private investment in public equity (PIPE)В of $120 million from six investors, including Victory Park Capital. Two of Indonesia's leading digital payment providers, GoPay -В under the country's largest private tech company, GoTo -В and Ovo,В offer similar options, while Traveloka, Indonesia's answer to Expedia, also offers the service on its platform.ДЇinAccel will merge with VPC Impact Acquisition Holdings II, a SPAC sponsored by Chicago-based Victory Park Capital. Such services have grown rapidly on the back of Indonesia's vast underbanked population, who have increasing purchasing power but are deprived of credit services such as conventional cards. It charges noВ interest for payment within 30 days of purchase, andВ 2.6% interest per month for installments of three, six andВ 12 months. Kredivo is essentially a digital credit card service mostly for e-commerce, allowing consumers to purchase a product and pay at a later date.

Bank bisnis internasional