Indonesia’s Brick Nears Majority Stake Sale to Australian Fintech, Sources Say

▤ Summary

Brick is negotiating a majority-stake sale to an Australian fintech buyer in a deal reportedly worth US$10 million to US$20 million. The transaction is in its final stages, although the terms can still change. The buyer wants Brick’s local licenses, technology stack, and market relationships to speed up Southeast Asia expansion. Brick has grown from open finance APIs into payment infrastructure and already strengthened its regulated payment capabilities through a prior acquisition. The deal reflects a tougher funding environment in Indonesia’s fintech market and a rising interest in strategic consolidation.

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Brick (PT Eastern Transglobal Remittance)

$1M to $5M