PayPal Joins Indonesian Venture Firm to Develop Fintech Startups

Thursday, May 17, 2018

(Bloomberg) — PayPal Holdings Inc. is teaming up with Indonesian venture-capital firm Alpha JWC Ventures to back emerging financial technologies that can be developed for Southeast Asia.

Under the partnership, Jakarta-based Alpha JWC will contribute as much as $5 million in funding for PayPal Incubator, said Alpha JWC Managing Partner Will Ongkowidjaja.

Source: Bloomberg Quint (link opens in a new window)

Finance, Investing
business development, digital finance, fintech, impact investing