202111 Jan
SoftBank-backed investment platform Ajaib Group raises $25m in Series A round
Type
Funding Rounds
Funding
202111 Jan
$25MSeries A
Source
Dealstreetasia
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.

Classifications
  • Investment Banking
  • Fintech & Banking