trending Market Intelligence /marketintelligence/en/news-insights/trending/vmmtngvk-8qcbsneym1-bw2 content esgSubNav
In This List

Hexindai acquires 20% stake in Indonesian online lending platform

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Blog

Kensho Launches Word Error Rate Calculator

Blog

Insight Weekly: Bank oversight steps up; auto insurers’ dismal year; VC investment slumps

Blog

Bank failures: The importance of liquidity and funding data


Hexindai acquires 20% stake in Indonesian online lending platform

Chinese peer-to-peer lender Hexindai Inc. said Aug. 14 it acquired a 20% stake in Indonesian online lending platform Musketeer Group Inc. for approximately US$1.6 million.

The acquisition of a minority stake in Musketeer Group, which focuses on consumption installment loans, is Hexindai's first investment outside China.

"Indonesia's youth demographics and economic development creates a significant opportunity for us to benefit from the online lending boom in Indonesia," Xinming Zhou, CEO of Hexindai, said in the same-day release.