Indonesian fintech startup Amartha in talks to acquire local shariah bank

Indonesian fintech startup Amartha in talks to acquire local shariah bank

Amartha is a P2P lending marketplace that connects lenders with rural micro-enterprises. Photo: Amartha website

Indonesian fintech firm Amartha is in talks to acquire a 70% stake in a local lender as it looks to strengthen its digital banking play, two persons familiar with the development told DealStreetAsia.