Friday, March 29, 2024 | 14:37 WIB

KKR Leads Series C Round in Indonesian Digital Trust Provider Privy

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Investment Cooperation.
Investment Cooperation – Technology Growth Investor KKR & Co, Kirby Lam (third from left) and Privy’s CEO & Founder, Marshall Pribadi (fourth from left) showing the KKR and Privy’s agreement of investment cooperation together with Telkom and MDI Ventures Directors and Commissioners at Bali Nusa Dua Convention Center, Nusa Dua, Bali on Monday (14/11/2022). The ceremony was held alongside B20 Summit 2022 in Bali. (Source: Privy)

About Privy

Privy is the leading digital trust provider and the first Indonesian company to join the FIDO Alliance, an International Industry Association with the mission to create a safe and user-friendly global authentication standard. Privy is listed in Forbes Asia 100 to Watch 2021 and a Certificate Authority rooting the Indonesia’s national root CA operated by the Ministry of Communication and Informatics. According to the data reported to the Ministry of Communication and Informatics by Indonesian Certificate Authorities, approximately 80% of newly issued digital certificates in 2020 were issued by Privy.

Privy is also the first E-KYC provider officially registered at Indonesia’s Financial Service Authority (OJK) and the only digital trust provider which passed the regulatory sandbox of Indonesia’s Central Bank (BI). Since 2019, Privy has gained official agreement to access Indonesian national identity data and facial biometrics administered by Indonesian Directorate General of Population and Civil Registration, Ministry of Homeland Affairs to verify the identity of its user with the highest accuracy. In October 2022, Privy just received the Finance Minister’s decree, enabling Privy to serve both individual and institutional taxpayers to digitally sign tax related documents using their respective PrivyID or EnterpriseID. Privy’s CEO, Marshall Pribadi, is currently serving as the chairman of Indonesia Regtech and Legaltech Association (IRLA), Vice Chairman of Indonesia Fintech Association (AFTECH), an Endeavor Entrepreneur, and listed in Forbes Asia 30 under 30 2017.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life, and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

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