Pioneer start? See Tips for getting an injection of funds from Mandiri Capital

JAKARTA, KOMPAS.com – The venture capital subsidiary Mandiri Capital Indonesia (MCI) of Bank Mandiri has injected funds of Rs 700 billion for 10 new financial technology companies since 2016.

MCI also offers digital incubator training to startups seeking funds from MCI and other investors. Secondly, what do MCI and other investors see when they inject their funds into Fintech startups?

Suggested solutions

Eddi Danusaputro, CEO of PT Mandiri Capital Indonesia, said: what you need to see right from the start are the unique problems and solutions the startup offers.

"When I want to spend money, we ask first what problem to solve? there is problem what And there is a solution a little unique, "said Eddi Danusaputro in Jakarta Tuesday (18/06/2019).

durable

Eddi said that he did not see if the startup would become a candidate unicorn or become a candidate initial public offering (IPO). MCI sees only startups capable durable and make products that many people need.

"We do not see if being a candidate unicorn or will it become an IPO, that's the last question. But we are looking for a startup durable usually because of problems and how to solve them is quite broad and can be appreciated by the community, "said Eddi.

Solid team

In addition to the problems and solutions, Eddi has also seen a solid and serious team create a startup. Of course, his party will not choose if the founder is one person to minimize the risks and expand the idea.

"What we see is the team, we see how serious and solid it is, and of course, no single fighter. There are at least 2 to 3 people co-founder. Yes single fighter the risk is too great. for example founder it was an accident, it's over So there should be 2-3 people, "Eddi said.

See the product evolution

In addition to this, Eddi said that MCI would also see the product's evolution. Start product needs in the community up to the price of the right products on the market. In addition, the product must also be able to promise attractive profits.

"If the team is good on paper but it turns out that the product is not accepted on the market, or is accepted in the market, but pricingit's wrong, it's hard to attract investors, "Eddi said.

"So the three components become inseparable entities, there are problems, there are solutions, there are problems traction, there is validationand we see the team, "said Eddi.

For the record, MCI also does not want to fund from the start, before the startup receives funds from other investors. This certainly minimizes the risks.