The fintech app offers users to purchase various investment assets, which include gold, mutual funds, and cryptocurrencies.
Users on the platform are able to invest as low as IDR 10,000 (US$0.70) in the assets provided.
“Affordability is an incredibly important thing to address for our new retail investors,” co-founder Claudia Kolonas said.
Pluang is integrated into other Indonesian super-apps like Gojek, DANA, Tokopedia and Bukalapak resulting in more than three million registered Indonesian users.
Between January 2020 and November 2021, a 22x growth in monthly transacting users and a 28.5x growth in users with an active balance were reported.
Other Investors For This Round
Founders of Axie Infinity, Trung Nguyen, Andy Ho, Aleksander Leonard Larsen, and Jeffrey Zirlin
Alexa von Tobel, former Learnvest CEO
Daniela Binatti, Pismo CTO
Sujata Bhatia, Monzo COO,
Jannick Malling and Leif Abraham, Public.com co-CEOs
