Indonesian robo-advisor attracts funding

RobotBibit, an Indonesia-based robo-adviser app, has completed a US$65 million funding round led by the Indian arm of venture capital firm, Sequoia Capital. Other new investors include Tencent and Harvard Management alongside existing backers AC Ventures and East Ventures. This follows an earlier funding round in January which raised $30 million. According to Bibit, the capital will be used to fund new products, technology development and a promotional campaign for financial education targetting millennials. The number of mutual fund investors grew to 3.2 million in 2020, a 78% year-on-year increase, according to data from the Indonesia Stock Exchange. Millennials accounted for 92% of the new investors. © 2021 funds global asia

Executive Interviews

Executive interview: The man who made Aberdeen

Mar 04, 2021

Martin Gilbert reflects on nearly four decades as Aberdeen CEO, including what he brought to the company, his regrets at not entering into private markets earlier, and passing like ships in the...

Executive interview: Staying agile on the pandemic plan

Nov 05, 2020

Terry Pan, chief executive for Greater China, southeast Asia and Korea at Invesco Asia Pacific, tells us about managing a business during Covid-19, opportunities on the continent and US-China...


Hong Kong roundtable: Increasing China’s prominence as an asset class

Mar 04, 2021

Our line-up of experts in Hong Kong considers the importance of fixed income ETFs, sustainability and the prospects of increasing China in the indices. Chaired by Romil Patel.

Roundtable: ‘What’s priced in versus what surprises’

Jan 04, 2021

As we head into 2021, our panel of experts in Singapore pore over the key risks that are not fully priced in, the impact of the incoming Biden administration on Asia and the dominant investment theme that is China. Chaired by Romil Patel.