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ARA, John Lim's family office venture into fintech with Minterest stake

Move to buy 52.08% holding is part of group's wider ambitions in global real estate credit business

Published Tue, May 5, 2020 · 09:50 PM

Singapore

ARA Asset Management chief executive officer (CEO) John Lim's family office, JL Family Office, and the group's property management arm have jointly acquired a 52.08 per cent stake in crowdfunding platform Minterest for an undisclosed sum.

This is ARA's entry into the fintech sector and is part of the group's wider ambitions in the global real estate credit business.

Established in 2016, Minterest is a Singapore-based fintech company with licences to provide both corporate and personal loans. To date, it has originated loans of over S$85 million in the Republic.

ARA said in a joint statement on Tuesday that the group sees "immense potential" in the Minterest platfo…