The Indonesian state-owned bank has set up a corporate venturing team and will reportedly provide $70m to $100m for investments.

Indonesia-based financial services firm Bank Rakyat Indonesia (BRI) is set to form a venture capital unit that will be equipped with between $70m and $100m, DealStreetAsia reported today. BRI will build the vehicle around an existing VC firm, Bahana Artha Ventura (BAV). It had originally bought a 35% stake in BAV in late 2017 before…

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