Totm Technologies and its subsidiaries have entered into agreements for a convertible loan worth US$3.75 million ($5.13 million) and an exclusive cooperation with PT Cakrawala Data Integrasi (CDI).

This is in hopes of providing fast and cost-effective verification-as-a-service to Indonesia’s private sector, the former Yinda Infocomm states in a Dec 13 regulatory filing.

Incorporated on Jul 6 2019, CDI started off with authorized capital of Rp 4 billion ($380,000). This was divided into 4,000 ordinary shares, with each having a nominal value of Rp 1 million.

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