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The Venture Codex

Central Capital Ventura

Jl. Senopati No.113, Jakarta, Jakarta Raya, 12190, Indonesia

Overview

Central Capital Ventura is an early stage corporate venture capital with backing Bank Central Asia, one of the largest banks in Indonesia. It works alongside entrepreneurs that specialize financial services. It seeks to leverage synergies and entrepreneurial innovation to support the growth of Indonesia.

Total investments
7
Lead investments
0
Investments · 12mo
0
Active investors
1

Sector focus

  • Business Development
  • Corporate Training
  • Financial Services
  • Impact Investing
  • Venture Capital
Visit website

Investment portfolio

  • Wagely

    Participated · Series A · Mar 2022

    wagely provides a financial wellness platform that lets workers access their pay after each workday, track salary, and use financial literacy resources. The service is offered free to employers, who provide it as an optional benefit to employees. The company operates in Indonesia and Bangladesh and reports strong usage metrics: in 2023 wagely disbursed over US$25M in salaries, processed close to one million transactions, and was accessible by 500,000 workers. The firm raised US$23M in funding to support its growth. Management says the funds will be used to expand operations and development efforts. No other financial details or past rounds are provided in the article. Wagely provides earned wage access (EWA) to workers and partners with employers to offer on-demand access to earned pay. The company has expanded beyond Indonesia into Bangladesh and serves corporate clients including British American Tobacco, Ranch Market, Adaro Energy and Medco Energi. Wagely says its user base grew 10x year‑over‑year in 2021. It plans to broaden its product set into a holistic financial wellness platform with savings, insurance, long‑term installment loans and financial education. The startup has signed ready‑made garment manufacturers in Bangladesh such as SQ Group, Classic Composite and Vision Garments. Financially, Wagely recently raised $8.3M in a pre‑Series A and has raised $14M in total since launching in 2020. Wagely is an Indonesian earned wage access and financial services platform that lets workers track daily earnings and withdraw earned wages on demand. The company was founded in 2020 by alumni of major Southeast Asian tech firms; CEO Tobias Fischer previously worked at Grab Financial Services Asia and CTO Sasanadi Rukua was a VP of engineering at Tokopedia. Wagely expects to reach more than 250,000 users this year and says it is the market leader in Indonesia with over 50 large enterprise clients. On average, more than 50% of employees at wagely’s enterprise clients use the service multiple times per month. The startup aims to build a holistic financial wellness platform that will include savings, insurance and smart spending products. Wagely recently raised strategic funding to expand its sales team and accelerate enterprise deal activity.

  • Verihubs

    Participated · Seed · Sep 2021

    Verihubs offers an AI-driven identity authentication platform and APIs that enable rapid KYC, phone-number verification via SMS/WhatsApp/flash calls, and verification of customers' financial data. Its system prompts new users to submit a selfie and government ID, compares the images with computer-vision models, and cross-references IDs with telecom credit scores and Indonesian government databases, including criminal records. The product is used by banks, fintechs, e-commerce, rental marketplaces and hospitality clients. Verihubs currently serves 46 customers, including major banks, fintechs and a hotel, and says it is on track to reach 100 customers soon. The company plans to build its own credit scores using transaction and account-balance data and to expand beyond Indonesia into other Southeast Asian markets such as the Philippines and Vietnam. Verihubs is focused on consolidating financial data for both banked and unbanked users through partnerships with firms like Payfazz and BukuWarung.

  • Akseleran

    Participated · Series A · Jan 2020

    Akseleran is a peer-to-peer lending platform that provides invoice and pre-invoice financing to small and medium enterprises in Indonesia. The firm has facilitated more than IDR 1 trillion (USD 1.4 million) in loans to over 2,000 enterprises from more than 100,000 registered lenders. It aims to disburse at least IDR 2 trillion (USD 2.8 million) in 2020. Akseleran plans to use new funding to increase staff, invest in platform development, and deepen penetration in the Indonesian market. The company says it will continue developing tailor-made loan products to better suit SME needs and expand access for retail lenders. Management emphasizes delivering higher returns to lenders through a safe and efficient platform while supporting underserved SMEs.

  • Pomona

    Participated · Series A · Jul 2019

    Pomona builds omnichannel marketing and sales software that enables consumer brands to offer cashback incentives and analyze customer engagement, offline sales conversion, and campaign effectiveness. Its core product lets consumers redeem cashback by scanning receipts in the Pomona app, and it also offers white‑label solutions for partners to launch branded cashback apps. The platform was developed for consumer packaged goods and fast‑moving consumer goods, and the company currently works with more than 50 brands, including Unilever, Japfa, ABC President, Sosro, Frisian Flag and Sungai Budi. Pomona says the new funding will be used to add services with the goal of becoming an end‑to‑end solution that provides brands with more data points. The company also plans to expand into additional Southeast Asian markets, though specific countries have not been disclosed. Pomona raised a $3 million Series A‑2 in this round.

  • Airwallex

    Participated · Series B · Jul 2018

    Airwallex offers an AI-native financial operating system and a suite of regulated financial infrastructure products, including payment acceptance, billing, global accounts, corporate cards, and spend management. The company holds 85+ licenses across North America, Europe, the Middle East, and Asia-Pacific and serves more than 676,000 businesses worldwide, directly or through platform partners. Airwallex reported $1.3 billion in annualized revenue and $287 billion in annualized transaction volume as of March 2026, with more than 90% of revenue coming from customers using multiple products. It is rolling out two new initiatives—T:0, an end-to-end AI-native finance platform currently in private beta, and Airi, a consumer wallet and agentic commerce infrastructure. The company plans to use recent funding to accelerate product development, expand its regulatory and infrastructure footprint, and scale teams to build next-generation AI-native financial software. Airwallex was founded in Melbourne in 2015 and is co-headquartered in San Francisco and Singapore, with over 2,300 employees across 27 offices.

Team

  • Armand Widjaja

    President Director and CEO

    LinkedIn