Ajaib raises US$270M in Indonesia’s biggest tech funding round since 2022
Ajaib began with a simple bet: that young Indonesians would start investing if opening a brokerage account felt as easy as downloading an app. Seven years later, that bet has turned into one of Indonesia’s largest consumer fintech platforms, spanning local equities, US stocks, crypto, payments, savings and stablecoin infrastructure. Now, the Jakarta-based company has […] The post Ajaib raises…
Indonesian tech startup Ajaib has successfully raised US$270 million in its largest tech funding round since 2022. Founded by Anderson Sumarli and Yada Piyajomkwan, Ajaib began as a consumer fintech platform offering easy access to local equities, US stocks, crypto, payments, savings, and stablecoin infrastructure. The Series C round was led by Japanese financial group SBI Holdings, making it the largest amount raised by an Indonesian technology company in over four years.
The new funding brings Ajaib's total funding to over US$500 million. In Indonesia, where late-stage funding has been scarce since 2021, SBI's strategic investment as a partner brings valuable experience in brokerage, digital banking, crypto, and digital asset infrastructure.
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