A uniquely positioned Growth Fund focused on
technology investments in Southeast Asia.
Strong Portfolio in Southeast Asia
Central JD Commerce Limited
Central JD Fintech
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.
Ellen is an associate in Provident and was heavily involved in the early stage of Tower Bersama Group, Provident Agro and JD.id. She is responsible for deal evaluation, fund operations and monitoring Provident Growth’s existing portfolio. Prior to joining Provident, Ellen worked at Ernst and Young Jakarta as Assistant in Assurance and Audit. Ellen holds a Bachelor of Accounting from President University.
Choo Weng Kin
Weng Kin is an associate in Provident Growth and has been heavily involved since its founding. He is responsible for deal evaluation, fund operations and monitoring Provident Growth’s existing portfolio. Prior to joining Provident, Weng Kin founded 2 companies, one in the FMCG Industry and another in E-Commerce. He has also had previous stints in Amasia Associates and Lighthouse Advisors. Weng Kin holds a Bachelor of Business (Finance) from Monash University, Australia.
Chung Hong Zheng
Hong Zheng is an analyst in Provident Growth. He supports the investment team in deal evaluation, fund operations and monitoring Provident Growth’s existing portfolio. Hong Zheng graduated magna cum laude with a Bachelor of Arts (Economics) and Bachelor of Business Management (Finance) from the Singapore Management University.
Goh Zhi Qiang
Zhi Qiang is an associate in Provident Growth, where he is primarily responsible for deal sourcing, evaluation and structuring. Zhi Qiang has had prior experience in UBS Investment Banking, where he executed a number of TMT-related transactions in Asia. Zhi Qiang graduated with a Bachelor of Accounting from Nanyang Business School.
Giovanna is an analyst in Provident Growth. She supports the investment team in deal evaluation, fund operations and monitoring Provident Growth’s portfolio. Giovanna graduated summa cum laude with a Bachelor of Business Administration and Management from the University of Southern California.
Unit 11C & 11D, Kimley Commercial Building, 142 – 146 Queen’s Road Central, Hong Kong