The corporate venturing arm of state-owned lender PT Bank Mandiri aims to invest the money in between four and eight fintech startups in 2017.
Mandiri Capital, the corporate venturing arm of Indonesia state-owned financial services provider PT Bank Mandiri, will invest up to RM200bn ($15m) in as many as eight startups in 2017, CEO Eddi Danusaputro has told DealStreetAsia.
Danusaputro said the firm will focus on financial technology companies, investing between $750,000 and $2.25m in each business.
Established in November 2015 with an initial budget of RM500bn, Mandiri Capital’s mandate is to invest in startups developing payment systems for e-commerce platforms in order to…
