Indonesian corporate VC firm ONV looks to invest in 5-6 startups this year

Indonesian corporate VC firm ONV looks to invest in 5-6 startups this year

Darryl Ratulangi

OCBC NISP Ventura (ONV), the corporate venture capital arm of the Indonesian banking and financial services company Bank OCBC NISP, plans to invest in five to six startups this year, with a ticket size of up to $3 million each, a top executive of the firm told DealStreetAsia.

Darryl Ratulangi, managing director of ONV said that the firm will target companies in pre-seed to Series A stages in embedded finance — the application of fintech to non-financial platforms. The firm will look for investments in startups that have applied fintech to segments such as property, logistics, media, health, education, data analytics, e-commerce, and on-demand services.

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