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Indonesia's Pluang raises $10 million in funding led by MUFG Innovation Partners to launch local equities trading.

PRIVATEMay 19, 2026•4 months ago

Amount Raised

$10 Million

Round Type

Funding Round

Software

Investors

Mufg Innovation Partners

Description

Jakarta-based wealthtech firm Pluang announced the raising of $10 million in fresh funding. The funds will be used to launch local equities trading on its platform, adding to its existing offerings. Pluang aims to deepen its presence in Southeast Asia's digital investment market. This move comes as Indonesia's retail investor base continues to grow significantly.

Company Information

Company

Pluang

About

The Jakarta-based firm also plans to expand its presence into key international markets. The wealth management platform has also deepened its integrations with regional superapps and wallets including Gojek, DANA, Tokopedia and Bukalapak to drive reach. The firm also saw tremendous growth of 22x in monthly transacting users and 28.5x growth in users with an active balance from January 2020 to November 2021.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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