SEA Deal Ticker
Indonesian payment licences take years: an Australian fintech buys Brick's instead for up to $20M
Brick is in final talks to sell a majority stake for $10-20 million. Its Bank Indonesia payment-provider licence came from buying PT Eastern Transglobal Remittance in 2023.
Positive-sum angle: Buying the licence rather than applying for one turns Indonesian regulatory patience into an exit price. Founders who sat through the compliance years now have a buyer class that pays for those years.