Indonesian lender BNI mulls setting up VC arm, investing in fintech

Photo: REUTERS/Garry Lotulung

Indonesian state-owned Bank Negara Indonesia (BNI) is exploring setting up a venture capital arm and begin investing in fintech startups, according to BNI director Rico Rizal Budidarmo.

“There has been a proposal about that, and it’s already sitting on my desk right now. It’s only a matter of time,” Budidarmo told reporters in Jakarta.

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