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Doris Yu · · 1 min readGojek-backed wealthtech startup Pluang bags $20m in pre-series B round
Indonesia fintech startup Pluang said it has raised US$20 million in its latest round of funding.
More funding details
- Lead investors: Openspace Ventures
- Other investors: Go-Ventures
- Stage: pre-series B
More company updates
- Pluang will use the new funds to launch several new asset classes and offer more proprietary financial products. One new focus will be to introduce a way to utilize government bonds as a savings product.
- In addition, it will implement several automated features which allow users to make saving a routine habit.
- The fintech firm closed its US$3 million series A funding round led by Gojek’s investment arm Go-Ventures in March 2019, and since then, it has gathered over 1 million users.
- The platform allows users to make micro-savings and investing contributions and offers gold, US equity indices, and cryptocurrencies. Users can check or top up their accounts, make transactions, or cash out through its mobile app.
For more coverage of the company, head here. You can also click on the link below to view key details about the company, as well as its funding history.
Editing by Miguel Cordon and Jaclyn Tiu
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