Axiata Digital fintech arm Boost Holdings buys controlling stake in Indonesian entity

Axiata Digital fintech arm Boost Holdings buys controlling stake in Indonesian entity

The Edge Markets - Technology·2021-05-24 15:02

KUALA LUMPUR (May 24): Axiata Digital’s fintech arm Boost Holdings Sdn Bhd has acquired a 68.75% stake in Indonesian licensed entity PT Creative Mobile Adventure to expand its regional digital financial service offerings.

PT Creative Mobile Adventure operates a telco supply chain model financing business under the brand KIMO, with a limited number of peer-to-peer full digital financing licences issued by Indonesia’s financial services authority, Otoritas Jasa Keuangan.

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