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BRI Ventures
BRI Ventures manages $251 million as the corporate venture arm of Bank Rakyat Indonesia, investing in Indonesian fintech and agtech startups.
BRI Ventures
BRI Ventures was established in 2019 as the dedicated venture unit of state-owned Bank Rakyat Indonesia. Nicko Widjaja serves as founding CEO after prior leadership at MDI Ventures. The unit operates exclusively within Indonesia and maintains close coordination with the parent bank's digital and MSME initiatives. The firm allocates across venture and private equity strategies with emphasis on financial technology, agribusiness technology, and logistics. Confirmed holdings include Xendit, NIUM, Payfazz, LinkAja, Investree, Modalku, TaniHub, and Beleaf Farms. Geographic coverage remains Indonesia with limited exposure to Singapore through NIUM. Co-investors include MDI Ventures and Grab, the latter as LP in the Sembrani Nusantara Fund. The Tokenize Indonesia accelerator, launched with Saison Capital, targets real-world asset tokenization. BRI Ventures reports 250.8 million USD in assets. It maintains membership in AVPN and HIMBARA. The unit supports the parent's CSR vehicle BRI Peduli, which runs education and MSME programs across Indonesia. In August 2025 the firm sponsored Coinfest Asia in Bali to showcase blockchain adoption work. BRI Ventures functions as an integrated corporate venture arm rather than an independent manager. Investment decisions align with Bank Rakyat Indonesia's strategic priorities in digital payments and rural finance. Governance flows through the parent bank's structure with dedicated legal and compliance staff reporting to the venture unit.
General information
Firm type
Venture Capital
Year founded
2019
AUM
251 (Altss estimate)
Location
Region
Asia
Country
Indonesia
City
Jakarta
Corporate office
Prosperity Tower 16th Floor, Unit F, District 8 Office SCBD Lot 28, Jl. Jend Sudirman Kav 52-53, Senayan, Kebayoran Baru, Jakarta, DKI Jakarta 12190, Indonesia
Principals
Nicko Widjaja
CEO
Sector focus
Frequently asked questions
Who runs investment decisions at BRI Ventures?
Nicko Widjaja serves as CEO and directs investment decisions. The unit maintains a dedicated legal and compliance function led by Michael Widyaputra.
Does BRI Ventures participate in fund commitments or only direct deals?
The firm executes direct investments and operates dedicated vehicles including the Sembrani Nusantara Fund and Tokenize Indonesia accelerator.
Which sectors does BRI Ventures explicitly target?
Primary focus areas are financial technology, agribusiness technology, logistics, and consumer platforms within Indonesia.
How is BRI Ventures related to Bank Rakyat Indonesia?
BRI Ventures operates as the wholly owned corporate venture capital arm of Bank Rakyat Indonesia and aligns its mandate with the parent's digital strategy.
What investment stages does BRI Ventures typically target?
The firm targets early-stage startups through growth and late-stage rounds, with documented activity in seed-to-Series B and expansion financing.
Does BRI Ventures maintain philanthropic structures?
The unit supports BRI Peduli, the corporate social responsibility arm of Bank Rakyat Indonesia, through MSME empowerment programs.
Where does BRI Ventures source deal flow?
Deal flow originates from the parent bank's network, co-investor relationships with MDI Ventures and Grab, and accelerator programs such as Tokocrypto Sembrani Blockchain Accelerator.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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