State-run Bank Negara Indonesia is planning to launch a corporate venture capital fund to invest up to $50m in fintech startups including mobile wallet provider Finarya.

Indonesia-based financial services firm Bank Negara Indonesia (BNI)┬áplans to establish a corporate venturing unit to invest in financial technology developers, DealStreetAsia reported yesterday, citing finance director Anggoro Eko Cahyo. The fund will have between Rs 600bn and Rs 700bn ($43m to $50m) to invest and is expected to formally launch later this year, though the…

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