Indonesia's MDI Ventures, two others join FinAccel's PIPE deal

FinAccel founders (left-right): Umang Rustagi, Akshay Garg, Alie Tan

MDI Ventures, the venture arm of state-owned Telkom Indonesia, is joining two other existing investors in FinAccel‘s PIPE (private investment in public equity) deal, according to an announcement.

The investments from MDI Ventures, Cathay Innovation, and Endeavor Catalysts take the total PIPE commitments to over $125 million, as per the announcement.

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