Xponent Program: Mandiri Capital’s Step into International Markets

Mandiri Capital Indonesia (MCI), a corporate venture capital firm supported by Bank Mandiri, has introduced its inaugural overseas Xponent program at Money 20/20 Asia in Bangkok, Thailand. 

The event, a prominent gathering in the global financial industry, is part of MCI’s international expansion endeavors. It provides a platform for collaboration and networking among industry leaders and startups from various countries.

Through its Xponent program, now in its fourth iteration, MCI aims to partner and grow opportunities within the fintech sector by connecting startups and technology companies with Mandiri Group’s business units. 

With the initiative, MCI plans to enhance collaboration and innovation in the financial technology space, leveraging insights and connections from Money 20/20 Asia to propel Indonesia’s startup ecosystem onto the global stage.

MCI’s Xponent program bridges startups and Mandiri’s business units, offering financial tools, business matchmaking sessions, and pitch opportunities for startups to connect with potential partners and investors. 

Noteworthy participants from MCI’s portfolio, including Mekari, Ayoconnect, and KoinWorks, will provide insights into current fintech trends and future challenges during the program.

Ronald Simorangkir, CEO of Mandiri Capital Indonesia, highlighted the collaborative approach employed by MCI, emphasizing the alignment of startup solutions with Mandiri’s business needs to ensure value proposition and synergy creation within the Mandiri Group ecosystem.

During Money 20/20 Asia, MCI collaborated with nine portfolio startups and finalists from the Zenith program to showcase their products and present business ideas. Among the showcased startups were Mekari, KoinWorks, AyoConnect, Delos, iSeller, Kecilin, Fishlog, Imajin, and AI Rudder. This partnership allowed these startups to demonstrate their innovative solutions and pitch potential collaborations. 

Dennis Pratistha, MCI’s Chief Investment Officer, emphasized the significance of MCI’s presence at Money 20/20 Asia as a pivotal moment in their journey toward regional and global expansion. 

He said the Xponent event served not merely as an activity but as a strategic initiative to integrate startups and international companies into MCI’s network. Pratistha articulated MCI’s dedication to bringing forth business aspects that yield positive impacts for both the Bank Mandiri group and startups within Indonesia and on a global scale. 

MCI has a diverse portfolio comprising over 20 startups spanning 14 verticals, including lending, business-to-business (B2B) value chains, and payment enablers. As a leading venture capital firm, MCI is to support the expansion of Indonesia’s financial sector and its integration into the global market.

MCI’s objective is to drive value creation and investment opportunities through collaborative partnerships on a global scale. Money 20/20 Asia serves as a crucial platform to connect with industry leaders, explore emerging trends, and expand its international footprint, ultimately accelerating the growth of innovative ventures worldwide.

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