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Welab And Astra Complete The Acquisition Of Bank Jasa Jakarta

PRIVATESep 19, 2022

Acquiring Company

Astra

Acquired Company

Bank Jasa Jakarta

San FranciscoHong KongOtherInformation TechnologyHardwareAerospaceSatellite CommunicationFinanceFintech

Description

WeLab, a leading pan-Asian fintech platform, today announced the completion of the acquisition of an Indonesian commercial bank, PT Bank Jasa Jakarta (BJJ), together with PT Astra International Tbk (Astra), one of Indonesia's largest public companies. The completion is marked by the issuance of acquisition approval by the Financial Services Authority (OJK). For this transaction, a WeLab-led consortium, Welab Sky Limited (WeLab Sky), participated in the acquisition together with Astra's subsidiary PT Sedaya Multi Investama (Astra Financial). The WeLab-led consortium has drawn wide-spread support from existing and new investors, including Allianz X, Boyu Capital, Horizons Ventures, SCBX Group[1] and TFB (Taipei Fubon Bank) Capital.

Company Information

Company

Astra

Location

595 Pacific Ave

San Francisco, California, United States

About

Astra offers an advanced bank-to-bank transfer technology for financial institutions, fintech startups, and enterprises. Our transfer automation platform enables its customers to offer fast, programmatic transfers between their users’ network of accounts through rules-based routines. Astra’s proprietary, vertically integrated API allows developers to easily embed financial automation within their existing products.

Company

WeLab

Location

Hong Kong, Hong Kong, Hong Kong

About

WeLab, a leading pan-Asian fintech platform, operates WeLab Bank as well as multiple online financial services in Hong Kong, Mainland China, and Indonesia, with more than 70 million individual users and over 700 enterprise customers. WeLab uses game-changing technology to help users access credit, save money, and enjoy their financial journey.

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Frequently asked

Who acquired Bank Jasa Jakarta?

Bank Jasa Jakarta was acquired by Astra , based in San Francisco. The deal was reported on September 19, 2022. Astra offers an advanced bank-to-bank transfer technology for financial institutions, fintech startups, and enterprises. Astra is privately held and operates in Other.

When did Astra acquire Bank Jasa Jakarta?

Astra 's acquisition of Bank Jasa Jakarta was reported on September 19, 2022. WeLab, a leading pan-Asian fintech platform, today announced the completion of the acquisition of an Indonesian commercial bank, PT Bank Jasa Jakarta (BJJ), together with PT Astra International Tbk (Astra), one of Indonesia's largest public companies. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Bank Jasa Jakarta do?

Bank Jasa Jakarta terus tumbuh secara wajar dan konservatif serta senantiasa berada dalam kelompok bank yang SEHAT. It is privately held.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.