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- OCBC NISP Ventura is one of Bank OCBC NISP’s “Beyond Banking” strategic initiatives to empower MSMEs and start-ups
- Besides funding, OCBC NISP Ventura also committed to provide incubation program and partnership for MSMEs and tech-based start-ups
Jakarta, February 6th, 2020 – Aligned with “Beyond Banking” strategy to cater people’s growing needs, Bank OCBC NISP has officially launched its subsidiary, a venture capital company, called OCBC NISP Ventura. As of January 10th, 2020, OCBC NISP Ventura has obtained operational licenses from Indonesian Financial Authority (Otoritas Jasa Keuangan) through letter No. S-114/NB.111/2020. OCBC NISP Ventura will focus on promoting Indonesia’s financial inclusion by leveraging the synergy between banking sector and start-ups companies as well as MSMEs in Indonesia.
“Digital disruption continues to inspire us in pursuing the ‘Beyond Banking’ strategy. This strategy aims to transform the banking sector by creating a digital ecosystem, which aligned with our ambition in growing Indonesia’s economy. With OCBC NISP Ventura as part of ‘Beyond Banking’ strategy, we expect to create transformative value by maximizing the potential of entrepreneurs and start-ups in Indonesia. OCBC NISP Ventura has been established with an allocated capital of IDR 400 Billion, with 99.9% ownership by Bank OCBC NISP," said Parwati Surjaudaja, President Director of Bank OCBC NISP.
Through OCBC NISP Ventura, Bank OCBC NISP opens up opportunities to create synergy and collaboration with start-up companies. Investee will obtain access towards our vast network of customers and branches, along with the knowledge and skills from financial industry experts in Bank OCBC NISP, which has operated for more than 78 years in serving Indonesian banking needs. This collaboration is expected to support the MSMEs and start-ups companies’ operational activities and development, especially in terms of financial management.
Bank OCBC NISP has appointed Darryl Ratulangi as Managing Director in charge of carrying OCBC NISP Ventura’s vision and mission. “OCBC NISP Ventura aims to promote Indonesia’s economy by empowering MSMEs and investing in tech-based start-ups. On top of funding, OCBC NISP Ventura also commits to provide incubation program and partnership to combine start-up’s agility with the vast banking network,” Darryl explained.
Supported by an experienced team that is committed in creating transformative value (value creation), OCBC NISP Ventura focuses on founders and entrepreneurs who aspire to grow Indonesia's digital ecosystem. At the moment, OCBC NISP Ventura aims to disburse seed to Series-A funding for start-ups who engage in property, fintech, logistic, media, health, education, data analytics, e-commerce and on-demand businesses. “We want to partner with the entrepreneurs who embrace their passion, address challenges and pursue opportunities. Therefore, we invite founders to send your investment proposals to investment@ocbcnispventura.com,” Darryl stated.
Overview of Bank OCBC NISP
Bank OCBC NISP was established in Bandung in 1941 under the name Nederlandsch Indische Spaar en Bank Deposit. As of December 31, 2019, Bank OCBC NISP serves its customers through 283 office networks in 57 cities in Indonesia, equipped with 669 Bank OCBC NISP ATM units that can be accessed in more than 195,000 ATM networks in Indonesia, as well as connected with more than 766 OCBC ATM networks Groups in Singapore and Malaysia. Bank OCBC NISP also serves its customers through digital channels, including mobile banking and internet banking, both for individual and corporate. Bank OCBC NISP received an idAAA (stable) rating from PT Pemeringkat Efek Indonesia (PEFINDO) and AAA (idn) / stable from PT Fitch Ratings Indonesia.
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Bank OCBC NISP
Corporate Communication Division
OCBC NISP Tower, Jl Prof Dr Satrio Kav 25, Jakarta 12940
Tel: 021- 25533888 ; Fax: 021-57944000
corporate.communication@ocbcnisp.com
Website : www.ocbcnisp.com
Aleta Hanafi Duhita Rahma Mahatmi (Gandis) Masniar Hutajulu
Division Head Public Relations & CSR Public Relations
aleta.hanafi@ocbcnisp.com, duhita.mahatmi@ocbcnisp.com masniar.hutajulu@ocbcnisp.com
Mobile: 62-8119860068 Mobile: 62-8111071069 Mobile: 62-8118439880
