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Malaysia's venture capital fund invests in Indonesia unicorn Xendit

Securities Commission will review its framework for special purpose acquisition companies amid growing demand

Published Tue, Sep 21, 2021 · 09:50 PM

    Kuala Lumpur

    DANA Penjana Nasional - the Malaysian government's venture capital investment fund - has invested in another unicorn, Indonesian payments start-up Xendit, said Malaysia's Finance Minister Zafrul Abdul Aziz on Tuesday.

    The details of the investment amount were not disclosed, but the deal will see Xendit, a fintech unicorn, relocate its financial hub to Malaysia.