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01Fintech Founder and Managing Associate Kenny Man
01Fintech, a growth-stage fintech personal fairness (PE) agency based by ex-Ant Group govt Kenny Man, has obtained an undisclosed sum in funding from Sinar Mas Monetary Providers, a subsidiary of Indonesian conglomerate Sinar Mas Group.
The PE agency will leverage its market insights, funding expertise, and technical and operational experience to remodel and operationalise Sinar Mas Monetary’s fintech imaginative and prescient and ambition.
On the identical time, Sinar Mas Monetary will leverage the 01Fintech crew’s specialisation to drive synergies amongst the enterprise models and numerous fintech investments throughout your complete Sinar Mas Group ecosystem.
Sinar Mas Monetary gives a variety of monetary companies, equivalent to life and non-life insurance coverage, securities, banking, capital markets, and Web3 and fintech companies to over 25 million prospects every day.
Additionally Learn: Wealthtech, insurtech, SaaS fintech are the new hot verticals in Indonesia: AC Ventures report
“We’re dedicated to serving to Sinar Mas Monetary obtain its digital transformation objectives and finally convey better synergy to the Sinar Mas Group via this digitisation train. Our work to assist and nurture promising fintech firms within the area will proceed now with extra funds from SMMA,” stated Kenny Man, Founder and Managing Associate of 01Fintech.
01Fintech was launched by Kenny Man, former Head (Worldwide Funding and Publish Funding) at Ant Group and former The PE agency leverages its intensive world LP community comprising distinguished CEOs, household workplaces and conglomerates in Asia Pacific to put money into fintech corporations in Asia.
Final October, 01Fintech launched a US$300-million Asia Pacific Fund. Its backers embody David Velez, Co-Founding father of Brazil’s NuBank; Alphonese Voigt, Co-Founder and Chair of Brazilian fintech unicorn Ebanx; the Philippines’s Ayala household; and Ernest Chu, CEO of the Filipino telco Globe.
01Fintech invests primarily in growth-stage fintech startups in Southeast Asia. Kenny Man, Founder and Managing Associate of 01Fintech, has an extended observe document of offers throughout Southeast Asia. Throughout his time at Ant Group, he led the Chinese language firm’s investments in Thailand’s Ascend Cash, Indonesia’s Dana and the Philippines Mynt when these fintech corporations had been simply began.
Pak Indra Widjaja, President Commissioner at Sinar Mas Monetary, stated: “01Fintech’s crew has a confirmed observe document of figuring out and nurturing promising fintech firms in Southeast Asia, and we’re assured that their experience and steering will play an important position in constructing our fintech ecosystem for extra seamless collaboration and higher consolidation of sources throughout the Group.”
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