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Indonesia Digest: BCA picks stake in ATM ALTO; Paytren buys 5% in tempo; Hexindai lifts 20% in Musketeer
Bank Central Asia, through its venture capital arm Central Capital Ventura, has acquired 2 per cent in switching company ATM ALTO
The company said the latest investment brings Cicil’s total funding raised to over $5 million.
The buyer is Italian consumer credit service provider Compass Banca, a subsidiary of Italian investment bank Mediobanca.
Limited partners include government-backed Korea Venture Investment Corp.
Temasek is a return backer, having previously invested in Orchard’s $110-million Series B funding round in December 2017.
SweetEscape has secured $1 million from East Ventures, Beenext, Skystar Capital, and GDP Venture.
The investment will enable Salim to access Youtap’s full suite of e-money platforms.
This portal had in June reported that Go-Jek, Traveloka and Tokopedia had invested $5-8 million in PasarPolis.
Peer-to-peer lender Akseleran has confirmed raising a $1.85-million pre-Series A funding round backed by New York-based Bintraco Dharma and several angel investors.
Neurosensum bagged funding from Alpha in April, just two months after it launched commercial operations in Indonesia.