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Hello there ,

"Synergy" is what corporate folk (and financial journalists) use to refer to the benefits of collaboration between companies. I recall beads of sweat rolling down my forehead the first time I came across the fancy word in my early days as a reporter. Fret not, though!

As per Investopedia, synergy stands for the idea that the value and performance of two companies combined will be greater than the sum of each on their own. In other words, if the situation permits, working together is better than working alone.

These synergies form a key line of reasoning behind Bukalapak’s US$83 million deal to buy a 12.05% stake in CT Corp’s Allo Bank. “The impact on Bukalapak doesn’t seem to be direct. It’s more about synergies to leverage multiple other relationships, especially for the sake of Mitra Bukalapak transactions,” says Aldi Adrian Hartanto, vice president of investments at MDI Ventures.

Bukalapak’s arrival in Indonesia’s digital banking scene has only taken the competition up a notch. In our premium story pick today, we bring you the low-down on what drove Bukalapak’s entry into the fiercely competitive digibank arena.

Also, if you’re an entrepreneur looking for funding, fill out this form to get your company featured on our list of fundraising startups.

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