Bukalapak , CT Corp, Salim Group, Grab, Carro, and Growtheum Capital Partners have collectively invested into the capital pool of PT Allo Bank Indonesia, raising its capital base to more than US$420 million (IDR 6 trillion). This gives Allo Bank the largest capital base among digital banks in Indonesia. Leading e-commerce, Bukalapak’s entry into digital banks is an effort to integrate financial services for the MSME market. This collaboration can develop the supply and accessibility of credit for merchants in rural areas. Bukalapak is now one of the many e-commerce companies, including GoTo and Shopee, to invest in digital banks in the country.
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