In brief: Apis plants flag in Indonesia

Apis Partners, a private equity firm with a financial inclusion focus, has made its first investment in Indonesia. The London-headquartered firm, which earlier this year recruited a team from Actis, has invested $32 million in DOKU, the only digital payment player in Indonesia. DOKU has “a mission to drive access to payment solutions in underserved segments of the Indonesian economy”, according to a press release. Apis ranked number 12 on our inaugural list of the largest impact managers globally, having raised $977 million during a five year period. This investment was made from the $563 million 2018-vintage Apis Growth Fund II.