BTN And Mandiri Capital Indonesia Establish Investment Cooperation For Housing Ecosystems

JAKARTA - BTN and PT. Mandiri Capital Indonesia (MCI) officially cooperate through the BTN Fund's strategic partnership. The signing of the cooperation was carried out on Wednesday, January 8, 2025. This collaboration is designed to encourage the growth of BTN's main business through investment in startups that can provide technology-based solutions.

The business sectors targeted include the housing, construction, financial and banking services, Software, and Environmental, Social, and Governance (ESG) sectors.

"This collaboration with BTN is in line with MCI's strategy to encourage economic growth, especially in strategic sectors, which are also the priority of government programs, including Housing, Strengthening MSMEs, Digital Economy, and ESG," said Ronald S. Simorangkir, President Director of MCI in a release received by VOI editorial team, Wednesday, January 8.

In carrying out the investment process, BTN Fund prioritizes the principles of risk management and prudence by taking into account business fundamentals and financial performance of startups before investing.

"BTN hopes that the establishment of BTN Fund can help BTN has strategic partners in the form of Fintech, Proptech, or Startups in the AI sector and operations that can support the development of the housing and financial ecosystem," said Setiyo Wibowo, Director of Risk Management BTN.

This collaboration is in line with BTN's vision and mission, which is to become the main partner in the financial empowerment of Indonesian families.