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Forbes

Indonesia’s Ajaib raises $270 million in Series C from Japan’s SBI Holdings

AI Market Summary
Ajaib's $270M Series C led by SBI Holdings highlights renewed risk appetite for Southeast Asian fintech and strengthens distribution for hybrid platforms offering equities alongside crypto and stablecoins. SBI's 20% stake and explicit focus on tokenization underscore institutional interest in digital-asset infrastructure, a constructive signal for broader crypto adoption sentiment, though the market impact is mainly indirect and localized.
Impact level
● Low
Affected assets
BTC/USDT+0.22%
AI Insight · BTC/USDTAI Insight
▲ Bullish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Indonesia’s online stock trading platform Ajaib said it has raised $270 million in a Series C round from Tokyo-listed SBI Holdings. The deal is the country’s biggest fundraising round since 2022 and brings Ajaib’s total funding to more than $500 million. Ajaib did not disclose its current valuation, but said it represents a significant step up from its 2021 unicorn valuation.
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