Adaptation Of Economic Trends, Mandiri Capital Prepares Investment Starategi

CFO Mandiri Capital Indonesia Wisnu Setiadi (Photo: Aris Nurjani/VOI)

JAKARTA - PT Mandiri Capital Indonesia (MCI) is optimistic that the startup ecosystem will continue to grow in 2024. MCI will adjust its investment strategy to adapt to the global economic trend this year, as well as strengthen market positions and support the startup ecosystem.

CFO Mandiri Capital Indonesia Wisnu Setiadi conveyed this, including the development of strategic partnerships with global capital ventures, expanding cross-border collaboration, as well as collaborating with global innovation hubs.

According to Wisnu, this step shows the aspiration of MCI to continue to be able to contribute to the digital economy by prioritizing investments that are not only innovative, but also have prospects for profitability.

Wisnu said that throughout 2023, even though in the middle of the tech winger period, MCI can still be productive in developing the startup ecosystem.

"By 2024, we will adjust our investment strategy to follow global economic trends and the current market conditions. We continue to strive to develop prudent and effective risk management," he explained in his statement Wednesday, January 17, 2024.

In addition, Wisnu said that MCI will continue to look for investment opportunities that are potentially profitable, as the main foundation in portfolio management.

"This year, our investment criteria are specifically designed to strengthen portfolio management with priority on investments that have the potential to create long-term value.

"Of course, while still paying attention to good fundamentals and having a clear journey to profitability," concluded.

Furthermore, this year, MCI has a bold aspiration to increase its contribution to the digital economy. One of them is by making investments supported by new funds and becoming a Prominent Global VC Player.

Through the establishment of several new funds, MCI will develop its investment strategy through collaboration with strategic partners.

For information, MCI already has several fundings, namely the Balance Sheet Fund, the Red and White Fund and the Indonesia Impact Fund.

Meanwhile, several company names that are part of the current MCI portfolio include AgriAku, Amartha, Ayoconnect, Bukalapak, Capap, Cashlez, Crowde, FitAja!, GoTo, Greenhope, Halofina, Investree, iSeller, Kecilin, Coinworks, LinkAja, Mekari, PrivyID, PTEN, Qoala,men, Yokke.

In addition, MCI also supports startups through several flagship programs such as Xponent for collaboration and Zenith for acceleration.