The financial services firm is set to establish a corporate venturing division called Central Capital Ventura with $15m in capital to invest in fintech startups.
Indonesia-based financial services firm Bank Central Asia (BCA) will set up a wholly-owned corporate venturing subsidiary called Central Capital Ventura (CCV) with Rp 200bn ($15m) in capital, Nikkei reported on Saturday, citing a stock exchange filing.
CCV will focus on the financial technology sector, particularly seeking out opportunities that will give BCA an edge over its domestic competitors in attracting unbanked and underbanked customers.
More than half of adult Indonesians do not have a bank account and have proven unreachable…
