Fintech is our main target: Mandiri Capital CEO Eddi Danusaputro

Eddi Danusaputro, CEO of MCI - Photo by Vincencia NLS

Newly-launched Mandiri Capital Indonesia, the venture capital arm of the country’s largest banks in terms of assets Bank Mandiri, is eyeing investments in the fintech space with its initial capital of close to $37 million ( Rp500 billion).

The firm had earlier indicated that it will target the payments space in Indonesia particularly given the transactions that are taking place through e-commerce and a variety of technology-enabled services like ride-hailing apps.

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