Jakarta, CNBC Indonesia – Not many know, PT Bank Mandiri Tbk (BMRI) owns shares in the ride-hailing startup PT Karya Anak Bangsa or Gojek. Although it is not known how much of the ownership is, this ownership is represented by a venture capital (VC) subsidiary, Mandiri Capital Indonesia (MCI).
MCI CEO Eddi Danusaputro revealed that currently there are 14 startup companies that are part of MCI’s investment portfolio. The company that becomes MCI’s investment target is engaged in the fintech enabler sector considering that the company is a banking subsidiary so business expansion cannot be far from financial services.
“So the 14 startups we invest in are in the fintech enabler sector,” said Eddi at the Capital Market Summit & Expo 2020 which was held virtually, Tuesday (20/10/2020).
He revealed, there are several portfolio segments in MCI. Together with Gojek, in the fintech enabler segment there are also PrivyID and Halofina. Furthermore, from the Micro, Small & Medium Enterprises (MSME) tech solution segment, there are Mekari, iSeller and Cashlez. From the peer-to-peer (P2P) lending segment there are Investree, Koinworks, Amartha and Crowde.
Finally, from the payment solution segment, there are digital wallets such as LinkAja and DAM, the Yokke acquiring aggregator company and the National Electronic Transaction Settlement (PTEN), a company that completes transactions from the GPN brand debit card.
Mandiri Capital Indonesia owns Gojek shares in a share swap mechanism after Gojek acquired Moka, an online cashier startup. Mandiri Capital is one of Moka’s investors.
Gojek is a Southeast Asian decacorn startup. CBInsight calculates that Gojek has a valuation of US $ 10 billion. Currently Gojek is already operating in Indonesia, Singapore, Vietnam and Thailand.
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