Bibit Secures 418 Billion Rupiah Funding Led by Sequoia Capital India
Participated also in this round East Ventures EV Growth, and 500 Startups
The online mutual fund platform Bibit announced further funding of $ 30 million or the equivalent of more than 418 billion Rupiah led by Sequoia Capital India. East Ventures, EV Growth, and 500 Startups participated in this round.
In the official statement, fresh funds will be used to develop services to encourage more novice investors in Indonesia.
Bibit's President Director, Sigit Kouwagam mentioned that user growth has increased significantly to over one million new participants during the past year. "This is due to the increased awareness and education are given to novice investors to save every month consistently and the importance of having good personal financial management principles," he said, Tuesday (1/5).
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