Kredivo raised $30 million in a Series B funding round in July last year.
The round was joined by Jafco Asia, ZWC Ventures, Insignia Ventures, Beenext and Skystar Capital.
Newcrest is required to reduce its ownership in Nusa Halmahera Mineral before June 26, 2020 in accordance with Indonesia’s mining laws.
Q & A
In May, the firm launched BukaGlobal, a new platform which connects its more than 4 million Indonesian sellers to international buyers.
It offers China projects worth $91 billion.
It has also committed $100 million in growth capital and plans to build a new hyperscale data centre and increase the capacity of existing centres.
The meeting was sought by Son, who is understood to be interested in exploring more investment opportunities in the archipelago.
IPOs & Markets
Together, they look to raise over $8 million.
The round was co-led by Openspace Ventures and Jungle Ventures.
It will compete with GOJEK's Go-Pay and Grab-backed Ovo, which together dominate the local payments market, as well as other players such as DANA.
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