Indonesian Investment Platform Ajiab Lands $153M In Series B And Enters The Fintech Unicorn Club

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Jakarta based Ajaib, an online stock and mutual fund investment brokerage platform, has emerged as Indonesia’s seventh unicorn after raising US$153 million in Series B funding round led by DST Global at an estimated valuation of ~1 billion, just six months after a $65 million Series A funding round. The current round also witnessed participation from existing investors Alpha JWC Ventures, Ribbit Capital, Horizons Ventures, Insignia Ventures Partners and SoftBank Ventures Asia. The current funding will enable the fintech to expand its talent base and launch financial education campaigns to onboard more budding investors to its platform.

Founded in 2018 by Anderson Sumarli and Yada Piyajomkwan, Ajaib is an investing platform that enables over 1 million Indonesians to buy and sell stocks, ETFs, and mutual funds.

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