Tuesday, 06 October 2026 · SEA Deal Ticker

SEA Deal TickerTue, 06 Oct

Abu Dhabi and Saratoga both buy into Indonesian retail finance today.

A tenth of Indonesia's fund market is Sharia-compliant: Abu Dhabi's BlueFive buys into Jakarta's Majoris — DealStreetAsia · Permalink
Abu Dhabi's BlueFive Capital took an undisclosed stake in Majoris, a Jakarta fund manager licensed by OJK, Indonesia's financial regulator, with US$220 million (Rp3.9 trillion) in mutual funds and 700,000 retail customers. Majoris becomes BlueFiveMajoris once OJK signs off.
Positive-sum angle: A founder building Sharia-compliant savings or retirement products in Indonesia or Malaysia now has a Gulf-funded distributor to pitch; BlueFive brought the money, Majoris brought the licence and 700,000 accounts.
Breakeven since 2023 and US$1.7 billion lent: why does Indonesia's JULO still raise from Saratoga? — DealStreetAsia · Permalink
Saratoga, the Jakarta-listed investment house, led an undisclosed round in JULO, an Indonesian cash-loan app, with Saison Capital, Quona Capital and Skystar Capital. JULO has lent US$1.7 billion since 2016 and will spend this on underwriting and data systems.
Positive-sum angle: Saratoga is paying for credit scoring, not customer growth, in a lender that already breaks even. Anyone selling fraud, income-verification or collections tooling to Indonesian lenders has a buyer with fresh budget.