Indonesian digital #investment platform @bibit.id has raised USD 30 million of funding to further expand its products and services. The round included participation from #SequoiaCapital India as well as the startup’s existing backers #EastVentures, #EVGrowth, #ACVentures, and #500Startups.
Bibit makes the process of investing easier for first-time users and millennial investors, which make up 90% of its total user base, with its roboadvisory services. It currently holds a Mutual Funds Selling Agent license under the supervision of Indonesia’s Financial Services Authority (OJK).
Citing IDX and Central Custodian data, the company said the number of retail investors in #Indonesia grew by 56% year-on-year in 2020, with millennials accounting for 92% of the new investors last year.
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Bibit makes the process of investing easier for first-time users and millennial investors, which make up 90% of its total user base, with its roboadvisory services. It currently holds a Mutual Funds Selling Agent license under the supervision of Indonesia’s Financial Services Authority (OJK).
Citing IDX and Central Custodian data, the company said the number of retail investors in #Indonesia grew by 56% year-on-year in 2020, with millennials accounting for 92% of the new investors last year.
Access #KrASIA article via our Twitter post.
#StaySafe #StayHealthy
View on Instagram