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Home Business & Finance Indonesian investment platform FUNDtastic lands $7.7 million Series A – TechCrunch

Indonesian investment platform FUNDtastic lands $7.7 million Series A – TechCrunch

Document Analysis NLP IA

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redaction

Subjectivity0.41154188948307
it's an affirmation
Affirmation0.70833333333333

Highlights

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Key Concepts (and relevance score)

Summary (IA Generated)

Despite the market impact of the COVID-19 pandemic, retail investing is increasing in Indonesia, especially among people aged 18 to 30.

The round was led by Singapore-based Ascend Capital Group, with participation from other investors including tech holding company Indivara Group.

FUNDtastic plans to add retail bonds, insurance and peer-to-peer lending to its current roster of mutual funds and gold investment options.

Other startups focused on making retail investment more accessible to Indonesians include Ajaib and Bibit, which both recently raised funding.


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