Jakarta-based Ajaib, an investment platform that offers stock and crypto trading in Indonesia, said on August 28 that it closed a US$270 million equity financing round from Japan’s SBI Holdings.

The oversubscribed series C round will support expansion and hiring in Indonesia and the region.

Ajaib said the round was priced above its 2021 unicorn valuation and brings its total funding to more than US$500 million.

Earlier backers include DST Global and Ribbit Capital.

Founded by Anderson Sumarli and Yada Piyajomkwan, Ajaib said SBI was investing as a partner.

The deal comes as Indonesia reshapes rules for digital financial and crypto assets, while companies in the sector must also secure licenses under the Financial Services Authority’s financial-technology framework.

🔗 Source: Ajaib

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