The bank is waiting for Singaporean authorities to approve its application for a capital market licence.
Participating in the round were global OLED panel manufacturers including Samsung Display, LG Display, Japan Display and JOLED, top tier Japanese venture capital funds, and a Japanese Government affiliated venture fund.
MDI Ventures focuses on investments that enhance digital experience such as digital ads, big data, payment solutions, cloud computing, e-commerce, blockchain, and internet of things.
YesBoss was looking at widening its reach in the region as part of a long-term strategy, while maintaining focus on service development in Indonesia.
Indonesia: Blackberry, Twitter, Google, Spotify agree to form local entities, JVs in-line with new OTT rules
Last week, the ministry of Communication and Information had released an official statement, saying that foreign OTT providers would be required to acquire licenses in the country.
The Indonesian government has finally released a regulation requiring foreign over the top (OTT) mobile service providers to acquire licences in the country. The new announcement, which will be followed by a ministrial regulation in the near future, is aimed at protecting and encouraging the development of local OTT internet applications. In… Read more »