SoftBank-backed investment platform Ajaib Group raises $25m in Series A round
Summary
Indonesia’s investment platform Ajaib Group has secured as much as $25 million in its Series A round, per an announcement. The corpus raised will help Ajaib expand its technology infrastructure, ramp up headcount for engineering, and strengthen product offerings. In a statement issued to the media, the company said Ajaib Sekuritas is the fifth-largest stockbroker in the archipelago with over 10 billion lots of stocks traded. Meanwhile, Alpha JWC managing partner Jefrey Joe added that the investment sector in Indonesia is still underserved and lacks accessibility. The company plans to launch several new offerings and expand its investment education campaigns targeted towards millennials.
Funding
Amount
$90.0M
Total raised
Date
January 11, 2021
Announcement date
Investors
SoftBank Internet and Media, Inc.
Lead investors
Company
https://www.ajaib.co.id/
Funded company
AskAI Classifications
Sectors
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Functions
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