Meet the 8 embedded finance startups joining BRI Ventures’s new Sembrani Wira accelerator programme

BRI

BRI Ventures, the corporate venture capital arm of Indonesia-based BRI Group, has announced the launch of a new accelerator programme, called Sembrani Wira, for embedded finance startups in Indonesia.

Fazz Financials (parent of fintech platform Payfazz) and local venture capital firm Prasetia Dwidharma are the operating partners for the first batch of the 8-week-long programme.

GajiGesa, Biteship, MYCL, CookLab, Gredu, Restock.id, Minapoli, Tumbasin and Brick.io are the eight startups comprising the first batch, where they will work with mentors and a network of investors under BRI Ventures’s new fund, Dana Ventura Sembrani Nusantara.

While all activities for the programme will be virtual, participating startups can engage in hybrid one-on-one meetings with mentors and investors from Singapore, Australia and the US.

In addition, participating startups will also get legal service assistance through digital legal platform Kontrak Hukum and other benefits including Amazon Web Services (AWS) credits.

At the opening event of Sembrani Wira, CEO of BRI Ventures Nicko Widjaja said: “Over the last decade, Indonesia’s startup ecosystem is growing even bigger, better and more sustainable despite the crisis of 2020.”

Also Read: How fintech can help reach the unbanked and underbanked in Southeast Asia

“The tech sector is the clear winner despite many industry downturns all over the world. Today’s founders are very much different from execution level to mindset level,” he added.

DailySocial is the media partner and provider for the accelerator platform.

“One of the important things on our agenda is to help founders not only to get product-market-fit but also go beyond. So we will discuss with the founders to see what is their goal and help them to draw back on what they have to do to reach that goal,” Widjaja added.

“This is the best time to run the accelerator programme. We saw during the pandemic, new accelerated sectors have emerged, such as embedded finance, logistics, new retail, and education. With the experience we have had for the last 10 years, we believe that we are ready to create new digital leaders for Indonesia,” opined William Gozali, Chief of Investment at BRI Ventures.

Image Credit: BRI

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