Ribbit Capital Leads $65 Million Series A Extension Funding Round In Indonesian Fintech Ajaib

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Jakarta based Ajaib raised $65 million in the Series A extension round led by Ribbit Capital, thereby completing its Series A funding round of $90 million. The round also witnessed participation by ICONIQ Capital, Bangkok Bank, Y Combinator Continuity Fund as well as continued participation by existing investors SoftBank Ventures Asia, Insignia Ventures Partners, Alpha JWC Ventures and Horizons Ventures.

Founded in 2019 by Anderson Sumarli and Yada Piyajomkwan, Ajaib is an investment app that allows Indonesians to buy and sell stocks, ETFs and mutual funds.

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