Reach US$ 55 Million Funding, Pluang Targets Launching New Investment Products

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ACCURATE.CO Pluang, a financial startup company, said it received additional funding of US$35 million from the previous US$20 million in March.

Pluang has now secured funding of a total of US$55 million throughout 2021. Pluang will use the funds to accelerate the launch of new products to meet growing consumer demand.

Not only that, Pluang will also use the funding to recruit the best people to achieve Pluang’s mission, which is to help everyone feel the thrill of investing wisely.

“Currently, Pluang provides access to gold investment, Micro E-Mini Index Futures, mutual funds, and crypto assets to Indonesian retail investors. Pluang has a wider variety of asset classes than startups wealth-tech others in Indonesia,” said Kamath Partner Go-ventures, Aditya Kamath through his official statement in Jakarta, Monday (13/9/2021).

According to a survey by the Financial Services Authority (OJK) in 2019, the financial literacy index in Indonesia stood at 38.03%.

Aditya Kamath said that his party felt lucky to continue to increase their investment in Pluang. Because each series of funding makes Pluang one of their main portfolios.

“We are fortunate to continue to increase our investment in Pluang with each funding series, making Pluang one of our main portfolios. We are always amazed by the product innovation, growth of Pluang’s business and the best-in-class economy unit. We look forward to continuing to work closely with the Pluang team in the years to come,” he said.

According to him, the presence of Pluang allows users to save and invest starting from Rp. 10,000 in various investment assets through only one application, so users can invest easily and without obstacles. Diversification is the main key for novice investors to learn to minimize risk in investing.

Meanwhile, Square Partner Peg Tushar Roy claims that through his platform Pluang hopes to help improve Indonesia’s financial literacy, which is still low.


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