KKR Leads Series C Round in Indonesian Digital Trust Provider Privy

▤ Summary

With their support and global experience, combined with the support of our existing investor MDI Ventures, GGV Capital, and TMI, who have played an important role in helping us to achieve our success so far, Privy is well-placed to innovate further with new offerings and stronger capabilities and build a strong foundation for overseas expansion.Mukul Chawla, Partner and Head of Growth Equity, Asia Pacific for KKR, said, Privy has established itself as a pioneer in Indonesias digital trust space with strong ambitions. KKRs other recent growth technology investments in the broader Asia Pacific region include Education Perfect, an education software platform in New Zealand, dataX (formerly From Scratch), an internet software and services company in Japan, NetStars, the operator of Japans largest QR code payment gateway, and Livspace, a Direct-to-Consumer home renovation platform with a presence in India and Singapore. Additional details of the transaction are not disclosed.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. 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 Indonesias Financial Service Authority (OJK) and the only digital trust provider which passed the regulatory sandbox of Indonesias Central Bank (BI). For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co.1 World Bank (2022): Population, total 2 Google, Temasek, Bain & Company (2021): e-Conomy SEA 2021 report 3 ANTARA (2022): Indonesia to be largest digital economy in SE Asia by 2030: Minister 4 Kontan (2019): Hadapi sandbox OJK, fintech PrivyID rancang skenario 5 Privy: Indonesias Ministry of Communication and IT officially inaugurated 6 Certificate Authorities

$ Funding

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Privy

$1M to $5M