Agusta is the director of Venture Funds at Mandiri Capital Indonesia, a corporate VC  from one of the largest banks in the country.

Grab last year also became an investor in the payment provider.

Aside from making investment easier for young Indonesians, the firm aims to increase the country’s financial literacy.

WeLab plans to bring its wealth management platform to Southeast Asia, starting with Indonesia.

The country aims to inoculate 181.5 million citizens by March 2022.

The new group is targeting the 290 million unbanked in Southeast Asia.

The company is signaling a move into the Philippine market.

Xendit says it processes more than 65 million transactions with USD 6.5 billion in payment value annually.