Perceiving that public interest in investing is relatively high in line with growing financial literacy, Ajaib has increased retail investors by up to 50%.
Heaptalk, Jakarta — Ajaib Group recorded the users’ growth in terms of its retail investors amount significantly. According to the company, Ajaib’s platform and Ajaib Crypto investors number has attained more than three million retail investors in the early semester of 2023, or climbing 50% as of November last year.
This investment startup observed the public interest in investing is relatively high in line with growing financial literacy. The company also claims that this achievement is proof of the success of its innovative strategy in meeting the needs of the rapidly growing retail investor market in Indonesia.
To continue strengthening its outstanding performance, the spokesperson of Ajaib Group, Azizah, revealed that Ajaib company also launched various new features for stock traders and advanced investors and developed the Ajaib Prime service for premium customers. Developing features, services, and consistent market education is Ajaib’s primary strategy to continue growing and serving more Indonesian retail investors,” Azizah said in her written statement.
Previously, the company said that the number of investors in Indonesian retail stocks only reached 2.4 million investors. However, since its early debut in 2019, Ajaib claims to have doubled the number of Indonesian retail investors to 4.75 million people in equity and other securities as of May 2023.
“Ajaib has contributed to Indonesian society by providing numerous financial services, such as trading stocks, investing in mutual funds and crypto assets, and assisting with cash management. From now on, Ajaib will continue to innovate to realize its mission of increasing the literacy of Indonesian investors in the next generation,”
As information, in October 2021, this mutual funds and stock investment platform snagged its latest investment in Series B round at US$153 million, led by DST Global and supported by existing investors, including Alpha JWC, Rabbit Capital, Horizons Ventures, Insignia Ventures, and SoftBank Ventures Asia. This new injection made this Indonesia’s investment company the seventh startup that reached unicorn status in Indonesia.