Central Capital Ventura

Established in 2017, Central Capital Ventura is a corporate venture capital firm based in Jakarta, Indonesia. Backed by Bank Central Asia, one of the country's largest banks, it focuses on investing in early-stage companies specializing in fintech, fintech-enabling technologies, and embedded fintech solutions.

Armand Widjaja

President Director

Past deals in Indonesia

Sinbad Indonesia

Series A in 2022
Sinbad Indonesia, operating under the name Sinbad Karya Pedagangan, is a software company focused on enhancing the efficiency of the supply chain industry through its innovative e-commerce platform. This platform allows users to place orders directly with principal manufacturers and product distributors, streamlining the procurement process. By leveraging technology, Sinbad Indonesia aims to provide a cost-effective solution for sourcing goods, thereby simplifying the purchasing experience for businesses.

Paxel.co

Series C in 2022
PT Paxel Teknologi Unggul is a logistics and delivery service provider based in Jakarta, Indonesia. Founded in 2017, the company offers a logistics application, Paxel, which facilitates same-day delivery services across the country. In addition to urban shipment and packaging services, Paxel provides a mobile application that includes payment functionalities and Paxel credit for transactions. The company also features Paxel Lockers, which serve as storage facilities for convenient package retrieval. Through its innovative approach, Paxel aims to enhance the delivery experience by ensuring access and transparency at various service points.

JULO

Series B in 2022
PT. Julo Teknologi Perdana operates a mobile application that offers affordable unsecured personal loans to smartphone users, primarily targeting the underbanked population in Indonesia. The platform connects borrowers with institutional lenders, facilitating a streamlined loan application process that allows users to submit personal documents digitally and receive funds within a day after successful verification. Utilizing machine learning, the company assesses borrowers' creditworthiness to determine interest rates and credit limits. JULO promotes responsible borrowing by rewarding positive behavior with cashback bonuses and offering lower interest rates for reliable customers. Founded in 2016 and based in South Jakarta, JULO aims to provide low-cost loan products while maintaining economic viability for its lending partners.

Verihubs

Seed Round in 2021
Verihubs builds a digital infrastructure and provides AI-based services for financial services enterprises in Indonesia. It offers a platform that authenticates customer identities, verifies company backgrounds, and accesses financial data to help organizations make secure authentication decisions and strengthen their digital operations.

Cermati

Series C in 2021
Cermati is an online portal based in West Jakarta, Indonesia, that specializes in helping individuals research, compare, and select financial products. Founded in 2014, the company aims to make financial information more accessible and useful for the Indonesian population. By utilizing technology, Cermati provides a platform where users can easily make informed financial decisions tailored to their needs. The platform not only offers trusted information but also manages the entire customer onboarding process, including in-person meetings to facilitate document signing with partner banks. Through its services, Cermati empowers users to take control of their financial situations and save money.

Sinbad Indonesia

Seed Round in 2021
Sinbad Indonesia, operating under the name Sinbad Karya Pedagangan, is a software company focused on enhancing the efficiency of the supply chain industry through its innovative e-commerce platform. This platform allows users to place orders directly with principal manufacturers and product distributors, streamlining the procurement process. By leveraging technology, Sinbad Indonesia aims to provide a cost-effective solution for sourcing goods, thereby simplifying the purchasing experience for businesses.

Nikel

Seed Round in 2020
Nikel is a technology company that specializes in providing comprehensive lending solutions for banks and technology firms aiming to serve customers in underserved sectors, including small businesses, healthcare, agriculture, and sustainability. The company develops a robust platform that facilitates lending directly to end borrowers by utilizing advanced credit analytics, origination, and underwriting engines. Nikel's technology also incorporates features such as electronic Know Your Customer (eKYC), eSignature, and collateral tracking, ensuring a seamless lending process. With offices in Indonesia and Singapore, Nikel is dedicated to empowering banks and entrepreneurs with efficient lending capabilities tailored to their specific needs.

Qoala

Series A in 2020
Qoala is an InsureTech company founded in 2018 and based in Jakarta Selatan, Indonesia. It specializes in providing online insurance services for various needs, including flight and train delays, phone screen damages, and e-commerce logistics. By leveraging advanced technologies such as big data, machine learning, Internet of Things (IoT), and blockchain, Qoala aims to transform the insurance landscape in Indonesia. The company collaborates with major e-commerce and travel platforms to offer innovative insurance products that enhance customer experiences.

Akseleran

Series A in 2019
Akseleran is a peer-to-peer lending platform that connects small and medium-sized enterprises (SMEs) seeking loans with a network of lenders. The company facilitates access to capital for businesses, offering competitive interest rates, flexible loan tenors, and various payment models. Akseleran enhances the lending landscape in Indonesia by providing alternative financing options that enable entrepreneurs to secure the funds necessary for growth. Its platform streamlines administrative tasks, allowing businesses to focus on development while ensuring that lenders have the opportunity to earn attractive returns aligned with the risks of their investments.

Wallex

Seed Round in 2018
Wallex Technologies Pte, Ltd. is a Singapore-based company founded in 2015 that specializes in online cash management solutions. It provides a comprehensive platform for businesses, particularly small and medium-sized enterprises and fintech firms in Asia, enabling them to manage foreign exchange and cross-border payments efficiently. Key offerings include virtual accounts for collections and disbursements, a multi-currency wallet, foreign exchange conversions, and an API that allows real-time forex execution. With the ability to transact in 46 currencies, Wallex ensures fast and seamless transactions at competitive exchange rates and fees, helping customers optimize their financial operations. The company also has additional offices in China, Indonesia, and Hong Kong to support its regional presence.

JULO

Series A in 2018
PT. Julo Teknologi Perdana operates a mobile application that offers affordable unsecured personal loans to smartphone users, primarily targeting the underbanked population in Indonesia. The platform connects borrowers with institutional lenders, facilitating a streamlined loan application process that allows users to submit personal documents digitally and receive funds within a day after successful verification. Utilizing machine learning, the company assesses borrowers' creditworthiness to determine interest rates and credit limits. JULO promotes responsible borrowing by rewarding positive behavior with cashback bonuses and offering lower interest rates for reliable customers. Founded in 2016 and based in South Jakarta, JULO aims to provide low-cost loan products while maintaining economic viability for its lending partners.

Qoala

Pre Seed Round in 2018
Qoala is an InsureTech company founded in 2018 and based in Jakarta Selatan, Indonesia. It specializes in providing online insurance services for various needs, including flight and train delays, phone screen damages, and e-commerce logistics. By leveraging advanced technologies such as big data, machine learning, Internet of Things (IoT), and blockchain, Qoala aims to transform the insurance landscape in Indonesia. The company collaborates with major e-commerce and travel platforms to offer innovative insurance products that enhance customer experiences.
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