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Indonesian trading platform Ajaib raises $270 million in Series C funding led by SBI Holdings to expand wealth management and acquire customers.

PRIVATEAug 30, 20268 days ago

Amount Raised

$270 Million

Round Type

Series C

IndonesiaFinancial ServicesRetailFintech

Investors

Sbi Holdings

Description

Indonesian online stock trading platform Ajaib has raised $270 million in a Series C funding round backed entirely by SBI Holdings. The capital injection allows Ajaib to expand its wealth management and retail brokerage offerings across Indonesia. This funding round represents one of the largest single equity checks into Southeast Asian retail financial technology this year. SBI Holdings aims to strengthen its commitment to Indonesia's capital markets with this investment.

Company Information

Company

Ajaib

Location

Indonesia

About

Ajaib is an Indonesian online stock trading platform that launched in 2018, targeting first-time retail investors with a mobile-first approach. The platform has quickly grown during Indonesia's retail investing boom and achieved unicorn status in 2021. Ajaib offers services like stock trading, mutual fund distribution, digital asset products, and margin financing. The company aims to expand its wealth management and retail brokerage offerings across Indonesia.

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Funding Insights

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Tech investment trends
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Ajaib raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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