Indonesia’s Largest Private Bank Launches $15 Million Fintech VC Firm
Indonesia’s Bank Central Asia (BCA), the country’s largest private bank, has steamrolled its way into the Fintech space with an investment of 200 billion rupiah (approx. $15 million) in financial technology startups and companies. The private lender is establishing Central Capital Ventura (CCV), owning all 100% of the new capital venture firm. According to an official BCA statement submitted to the Indonesia Stock Exchange (IDX), investments will directly benefit BCA and its financial services offerings in the country. As reported by the Jakarta Post, an excerpt from the stock exchange....
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