The New India Assurance Co. Ltd.

Financial Management

Astra | September 20, 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. 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 s...

Financial Management

Trustar Bank | July 21, 2022

Trustar Bank is pleased to announce the successful completion of its recent capital raise. In less than a month’s time, the offering surpassed its initial $15 million goal, resulting in an over-subscription of 36% and over $20 million in received subscriptions. To accommodate the overwhelming investor support, the offering will be “up-sized” by approximately 20%, for a total capital raise of $18 million. This is the Bank’s second oversubscribed stock offering, the first t...

Payments

Klarna | February 23, 2022

Klarna, a leading global payment, retail bank, and shopping service provider, announces its plans for the international expansion of its two fastest-growing products across nine key markets. The program enables consumers to conduct immediate payments through Pay Now’s new payment method. Klarna ensuresto become go-to for any purchase services provider and offersrewards for consumers during every payment. The expansion of these products also enables the company to serve a broad range of fas...

Investments

Sanctuary Wealth | June 17, 2022

Sanctuary Wealth, home to the next generation of elite advisors, is pleased to announce the launch of a customized alternative investments platform for its partner firms, that streamlines the complexities of managing alternative investments across their full investment life-cycle. With our new platform, Sanctuary Wealth becomes the first hybrid RIA to offer this kind of digital access to alternative investments, where everything has been sourced and vetted by...