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Mandiri Capital Indonesia operates as the corporate venture capital arm of Bank Mandiri, a prominent financial institution in Indonesia. It delivers strategic investment and comprehensive support to startups, primarily focusing on the fintech sector. The entity offers capital, operational guidance, and invaluable access to the expansive network and financial expertise of the broader Mandiri Group, fostering growth from early stages through to later development.
The company was established in 2015 by Bank Mandiri, arising from a strategic insight to cultivate innovation within the financial technology landscape. This initiative aimed to proactively engage with and nurture promising technology ventures, thereby expanding the Mandiri Group's digital capabilities and contributing to the advancement of Indonesia's digital economy. As a corporate venture, its inception reflects a strategic decision by the parent bank rather than individual entrepreneurship.
Mandiri Capital Indonesia serves a diverse portfolio of innovative fintech startups. Its overarching vision is to accelerate the development and scaling of these businesses by integrating them into a robust ecosystem, supported by capital, mentorship, and extensive market access. The company strives to build a resilient digital financial future, empowering entrepreneurs and driving forward-looking solutions within the Indonesian market.
Key people at Mandiri Capital Indonesia.
Key people at Mandiri Capital Indonesia.
Mandiri Capital Indonesia has 4 tracked investments across 3 companies. The latest tracked deal is $12.0M Series B in iSeller in January 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jan 1, 2023 | iSeller | $12.0M Series B | Intudo Ventures | Kvision, Openspace Ventures |
| Dec 31, 2021 | iSeller | $8.0M Pre-Series B | AppWorks, Openspace Ventures | Indogen Capital |
| Oct 1, 2021 | PrivyID | $18.0M Series B | GGV Capital | Granite Asia, Juha Paananen, Kunal Shah, Buana Sejahtera Group, Endeavor Catalyst, Gunung Sewu Group, MDI Ventures, Telkomsel Mitra Inovasi |
| Aug 1, 2018 | KoinWorks | $16.0M Series A | Mandiri Capital Indonesia | GSF Accelerator, Java Capital, Quona Capital, Ashish Toshniwal, Nate Lipscomb, Pras Hanuma, Viral Bajaria, Convergence Ventures, Gunung Sewu Group |