MCI previously has participated in the funding of 13 fintech startup, including Amartha, PrivyID, Moka, and Investree.

Established four years ago, MCI now manages $100 million of funds, invested mostly in 13 startups.

MCI, with gains nearly 300% since its inception, is eyeing local remittance service brands to provide relevant service and technology.

Without mentioning the amount, MCI recently led a pre-Series A funding for Indonesian financial management startup Halofina.

“Since the beginning, we are not aggressive in investing in many startups. We choose the best local startups who are interested in developing fintech and insurtech service focusing product innovation and processing,” CEO MCI Eddi Danusaputro said.