The fresh capital will be used for product development, organization and talent enhancement, as well as strategic partnerships.

Established in 2017 by Adjie Wicaksana and Eko Pratomo, Halofina is an AI-based personal financial planning application that helps its users manage their finances and build investment strategies.

Halofina’s main feature is LifePlan, which helps users calculate and plan their future financial needs for life goals like marriage, housing, education, vehicle, by giving them a cost estimate and calculating how much needs to be saved per month.

Previously in late 2018, Halofina received funding from Plug and Play, Rekanext, and Radika.

“In the first quarter of next year, we will work with third parties to develop educational content such as an audiobook, podcast, video, and even online consultation which will enable experts to make content and provide consultation service,” Halofina co-founder and CEO Adjie Wicaksana said.