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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.

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