Indonesia: Bank Central Asia launches VC unit, to invest $15m in fintech

Indonesia’s largest private bank Bank Central Asia (BCA) has launched a venture capital business unit called Central Capital Ventura (CCV), joining the race to use financial technology (fintech) startups to reach the otherwise “unbanked” markets.

BCA has invested Rp 200 billion ($15 million) for the initial stage of its latest venture.

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