PT Super Bank Indonesia is preparing for a public listing in Jakarta, drawing fresh attention to the country’s fast-expanding fintech landscape.
The move comes as digital lenders strengthen their push for scale, funding, and technology upgrades to serve a growing online customer base.
Indonesia’s IPO market has already surpassed last year’s proceeds, according to a Bloomberg report, signalling renewed appetite for equity fundraising.
Against this backdrop, Super Bank’s proposed share sale has become one of the most closely watched listings in the digital finance space, offering a view into how technology-backed lenders are positioning themselves for long-term expansion.
Stake sale
Super Bank plans to sell as much as a 13% stake in its initial public offering.
This equals about 4.4 billion shares, priced between 525 rupiah and 695 rupiah each, according to a prospectus published on Investor Daily.
The bank aims to list on 17 December.
At the top of the price range, the offering could raise as much as 3.1 trillion rupiah, which is about 186 million dollars.
The planned proceeds are set to support loan disbursements and capital expenditure.
These include product development and upgrades to information technology systems, which form the core of its digital banking model.
The fundraising structure highlights how the lender is preparing to scale its services at a time when digital platforms are competing for customers across Southeast Asia.
Backers
Super Bank is backed by major regional technology and financial firms.
Its investors include Grab Holdings, Singtel, and KakaoBank.
These companies are part of a wider trend of non-traditional financial players entering Indonesia’s banking sector.
Their involvement has helped shape Super Bank’s digital-first strategy, which aims to expand access to financial services among consumers and small businesses.
The bank traces its origins to 1993, when it operated as PT Bank Fama International.
Its shift from a conventional lender to a tech-aligned digital bank aligns with broader changes in Indonesia’s financial sector.
Many companies with strong technology partnerships are using their platforms to reach customers who prefer mobile-based banking services.
IPO climate
Indonesia’s IPO market has seen a slight pickup this year, with total proceeds already surpassing all of 2024.
Data compiled by Bloomberg shows that about 930 million dollars has been raised through first-time share sales in Jakarta.
Although these levels are still below previous boom periods, the trend reflects improving investor interest in selected industries, including technology, natural resources, and banking.
Super Bank’s IPO is set to become the second-largest listing in Indonesia in 2025.
The biggest so far is PT Merdeka Gold Resources, which went public in September.
Fintech growth
Super Bank’s listing plans highlight the growing weight of fintech within Indonesia’s financial ecosystem.
Digital lenders are investing heavily in loan books, mobile platforms, and regulatory compliance, driven by rising customer demand for online financial tools.
The planned capital raise is designed to support these efforts, especially in information technology systems and product development.
The move also comes as more companies look to the equity market to support expansion.
Indonesia’s large consumer base, rapid smartphone adoption, and strong digital payment activity are contributing to a more active funding environment.
As Super Bank prepares to enter the market, its strategy reflects how digital-first institutions are using public listings to strengthen their position within the country’s competitive fintech landscape.
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