A uniquely positioned Growth Fund focused on
technology investments in Southeast Asia.
Advance Intelligence Group
Bank Neo Commerce
Technology Companies with High Growth Potential in Southeast Asia
We invest across Southeast Asia, with a particular focus on Indonesia. We are attracted to the region’s growing affluence driven predominantly by a rapidly expanding tech-savvy middle-class, while our extensive network in Indonesia helps us source top-quality, highly sought-after deals in the region’s most populous nation.
Technology Sector Focus
The technology sector in the Southeast Asia region represents a highly attractive opportunity. Large, fast-growing domestic markets have embraced mobile technology and led to rapid internet and smartphone penetration.
Stage of Development
We take minority stakes in growth stage technology companies. Target investee companies would have established a strong brand or strong market-leading presence in their chosen key market, and may be looking for growth capital to open a new market or further accelerate its growth through new products or services.
Both the people we work with and the products they build are important to us. Our target investee companies are typically characterized by a talented, strong and hungry team of founders, large market opportunity and highly scalable products, adaptation and customisation, and an attractive exit potential.
Partner – Investments
Founder – Provident Group
Winato is a Founding Partner of Provident. Winato also serves as Commissioner in PT Tower Bersama Infrastructure Tbk and PT Provident Agro Tbk. Prior to founding Provident, Winato spent 8 years at Citigroup, where he served as Head of Investment Banking in Indonesia for Citigroup Global Markets, Director covering the Telecommunications sector, and Vice President in Mergers & Acquisitions. Winato also worked for Arthur Andersen and Bank Sumitomo Niaga. Winato holds a Bachelor of Economics from Trisakti University.
Partner – Investments
Michael is a Director of the General Partner and Advisor of Provident Growth. Prior to joining Provident, Michael spent 16 years in UBS Investment Bank in Hong Kong, where he served as Managing Director, Head of Technology, Media & Telecommunications – Asia. Michael holds a Master of Philosophy in Management from the University of Cambridge, and a Bachelor of Arts (Econ) in Accounting and Finance (First Class Honours) from the University of Manchester. Michael is a British Chevening Scholar.
Partner – Strategy & Operational Consulting
Hari is a Director of Provident and was also a member of the senior management in the early stage of Tower Bersama Group and JD.id. He is responsible for overseeing new investments as well as monitoring Provident Growth’s existing portfolio. Prior to joining Provident, Hari worked at Saratoga Capital and McKinsey & Company in its Financial Institutions Operations and Technology Practices. Hari holds a Master of Engineering from the National University of Singapore.
COO – Chief Operating Officer
Bennette is the COO in Provident where she is primarily responsible for funds operations and regulatory and compliance matters. She has over 17 years of finance, operations, treasury, compliance and tax experience across Asia Pacific and the US. Prior to joining Provident, Bennette has worked as a CFO in Saratoga Capital and Ikhlas Capital and as a COO in One North Capital. Bennette has also worked for more than 11 years combined at Ernst and Young Philippines, San Francisco, Sydney and Singapore. She holds a Bachelor Degree in Accountancy from De La Salle University Manila and is also a Certified Public Accountant.
Jacqueline is a Vice President at Provident Growth. She supports the investment team in deal evaluation and monitoring of Provident Growth’s existing portfolio. Jacqueline previously worked at Asia Partners and Temasek, where she supported investments in and portfolio management of growth companies in Southeast Asia and China. Jacqueline also worked at Citigroup, where she was a generalist supporting the execution of a number of M&A and capital raising transactions in Asia.
Steven is an Analyst in Provident Growth. He supports the investment team in deal evaluation and monitoring Provident Growth’s portfolio. Steven holds a Bachelor of Science (Quantitative Finance) degree with a minor in Mathematics from The Hong Kong University of Science and Technology.
See Toh Kar Lei
Kar Lei is a Fund Accountant in Provident Growth. She supports the funds operations including regulatory and compliance matters. Before joining Provident Growth, Kar Lei has 8 years of experience in external audit and tax compliance. She is a member of the CPA Australia and holds a Bachelor of Science in Accounting & Finance from University of London.
Unit 11C & 11D, Kimley Commercial Building, 142 – 146 Queen’s Road Central, Hong Kong