Indonesia's Bank Central Asia is to invest 200 billion rupiah ($15 million) in financial technology companies in its race with domestic rivals to use startups to reach customers previously considered "unbankable."
BCA is to own 100% of a new company, Central Capital Ventura, according to a stock exchange filing on Friday. CCV wants to invest in and collaborate with fintech companies "that will support BCA's financial service ecosystem as well as that of our subsidiaries."
