Indonesia’s largest private bank Bank Central Asia (BCA) has launched a venture capital business unit called Central Capital Ventura (CCV), joining the race to use financial technology (fintech) startups to reach the otherwise “unbanked” markets. BCA has invested Rp 200 billion ($15 million) for the initial stage of its latest venture. “Technology advancement in the internet and telecommunication has allowed more startups to create further digital-based innovation, especially in the fintech sector. Considering fintech has a huge potential to grow, we expect CCV to thrive as a venture capital
Technology advancement in the internet and telecommunication has allowed more startups to create further digital-based innovation, especially in the fintech sector. Considering fintech has a huge potential to grow, we expect CCV to thrive as a venture capital firm
