BRI Ventures Participates in Bukalapak's Funding Round
In order to deepen financial inclusion in the MSME sector through Bukalapak
BRI Ventures, Bank BRI's investment arm, announced an undisclosed strategic investment for Bukalapak. This agreement aligns with Bank BRI's mission to support and digitize the MSME sector throughout the country, which is in line with Bukalapak's mission. It is said that there are more than 13.5 million MSMEs joining the Bukalapak digital ecosystem.
In an official statement, Bank BRI is to offer banking products and digital loans to Bukalapak's merchants and customers. It is expected to broaden financial inclusion to develop merchants' businesses. Based on the data from the Ministry of Cooperatives and SMEs, MSMEs have a large contribution to GDP with a percentage of 60.34% and absorbing 58.18% of total investment in Indonesia.
BRI Ventures' CEO, Nicko Widjaja explained, “This strategic investment in Bukalapak is very important as it aligns with BRI Group's mission in supporting MSMEs. With the massive growth of digital MSMEs nowadays, we believe that they will become the pillars of support for our national economy in the future. This is also part of BRI Ventures' commitment to strengthen the tech-startup sector in Indonesia."
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