Privy, a Jakarta-based startup that provides universal identity and digital signature services, has raised $48 million in a Series C funding round anchored by private equity giant KKR and backed by existing investors MDI Ventures, GGV Capital, and Telkomsel Mitra Inovasi.
New investors, including Singtel Innov8, also participated in the funding round that will help the Indonesian startup develop new consumer and enterprise products and accelerate its digital transformation, among others, according to KKR’s announcement.
