Privy, a Jakarta, Indonesia-based digital trust provider, raised $48M in Series C funding.
The round was led by KKR with participation from existing investors MDI Ventures, GGV Capital, Telkomsel Mitra Inovasi, and Singtel Innov8.
The company intends to use the funds to expand its position as a digital signature and digital identity provider in Indonesia, support the development of new consumer and enterprise products to enable Indonesians and businesses to access a wider range of services securely, and accelerate broader digital transformation.
Led by CEO Marshall Pribadi, Privy provides trusted digital identities and legally binding digital signatures. The company offers a wide range of services including digital identity, digital signature, digital verification, and document management products and services in a wide range of sectors including financial services, healthcare, and education. In 2018, the company became the first non-government institution to be licensed as a Certificate Authority (CA) by Indonesia’s Ministry of Communication and Information Technology and, in 2019, the first electronic Know-Your-Customer service provider to be registered under Indonesia’s Financial Services Authority. Today, Privy is the market leader with more than 30 million verified users and 1,800 enterprise consumers on its digital signature, digital verification, and subscription products, and processes more than 40 million digital signatures per year.
FinSMEs
14/11/2022