AdaKami enters $32M strategic funding agreement with PT Super Bank Indonesia

FinVolution (FINV) announced that its Indonesian financial application, AdaKami, has entered into a strategic funding agreement with PT Super Bank Indonesia, a digital-focused bank in Indonesia. Under the terms of the agreement, Superbank will provide AdaKami with a funding facility of $32M. With this agreement, Superbank will become AdaKami’s funding partner in Indonesia. Currently, AdaKami has established cooperation with multiple lenders including Superbank, Seabank, Bank Jago, Bank Permata, OCBC NISP among others.