Indonesian investment platform FUNDtastic lands $7. 7 million Series A

Despite the market impact of the COVID-19 pandemic, price tag investing is increasing in Dalam negeri , especially among people aged 18 to 30. Today, investment device FUNDtastic announced it has raised the perfect $7. 7 million Series Good to tap into that demand, along with plans to launch new products with retail investors, reports DealStreetAsia .

The round was led caused by Singapore-based Ascend Capital Group, with the participation from other investors including support holding company Indivara Group. FUNDtastic plans to add retail bonds, comprehensive and peer-to-peer lending to their particular current roster of mutual income and gold investment options.

FUNDtastic was Invisee , a mutual funds and securities portal, last year as $6. 5 million, allowing it to market place mutual fund products directly.

Based in Jakarta, FUNDtastic was founded in 2019 from Harry Hartono, Franky Chandra and Medwin Susilo. While capital investing in Indonesia appears forever relatively low , with many looking for to invest in real estate instead, that number is normally gradually increasing as young qualified diversify their holdings. The Indonesian Stock Exchange is also launching initiatives to draw more retail investors.

Other startups focused on making fast food investment more accessible to Indonesians deal with Ajaib and Bibit, which the 2 main recently raised funding.

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