Ecosystem Roundup: SBI leads US$270M round in Indonesia’s largest tech deal in years
Ajaib has closed US$270 million in equity financing from Japan’s SBI Holdings, a Series C the Jakarta-based fintech says was significantly oversubscribed and priced above its 2021 unicorn valuation, the largest sum raised by an Indonesian tech company in over four years. The round brings Ajaib’s total funding past US$500 million, with earlier backers including DST Global […] The post Ecosystem…
Ajaib co-founders Anderson Sumarli and Yada Piyajomkwan have closed a US$270 million equity financing round from Japan's SBI Holdings for the Jakarta-based fintech company. This significant round, which was oversubscribed and priced above Ajaib's 2021 unicorn valuation, marks the largest sum raised by an Indonesian tech company in over four years.
The funding brings Ajaib's total financing past US$500 million, following earlier investments from DST Global and Ribbit Capital in a US$65 million Series A round. SBI Holdings is not just a financial backer, but a strategic partner providing brokerage, digital banking, and digital-asset expertise to the company.
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