# Ajaib Technologies Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ajaib-technologies-group

- Industry: Financial Services
- Headquarters: Jakarta, Indonesia
- Website: www.ajaib.co.id
- Total disclosed funding: $245M
- Latest round: Series B (Oct 4, 2021)
- Investors on record: 9

## About

Based in Jakarta, Indonesia, and founded in 2018 by Anderson Sumarli and Yada Piyajomkwan, Ajaib Technologies Group operates as a provider of an online wealth application that helps users to invest moneyt. In October 2021, Ajaib Technologies Group raised USD 153 million in a Series B funding led by DST Global with participation from Alpha JWC Ventures, Horizons Ventures, Iconiq Capital, Insignia Ventures Partners, Ribbit Capital, and Softbank Ventures Asia. The series B funding values Ajaib Technologies Group at USD 1 billion post-money.

Ajaib Technologies Group offers an online brokerage platform, Magic, to access investment for various circles, including stocks and mutual funds. The platform allows investors to access issuers’ complete information, including performance ratings while comparing with competitors in the same industry. In addition, the platform also allows investors to view analysis based on technical indicators, view market settlements, and monitor price changes on the latest news feature. 

The company plans to use its proceeds from series B funding to recruit additional manpower in the product and engineering department and launch new products to attract more first-time investors.

## Funding rounds

- Series B, Oct 4, 2021, $153M — DST Global, Horizons Ventures, SBVA, ICONIQ Capital, Ribbit Capital, Alpha JWC Ventures, Insignia Ventures Partners
- Series A, Mar 29, 2021, $65M — Bangkok Bank, Y Combinator, Horizons Ventures, SBVA, ICONIQ Capital, Ribbit Capital, Alpha JWC Ventures, Insignia Ventures Partners
- Series A, Jan 10, 2021, $25M — Y Combinator, Horizons Ventures, SBVA, Alpha JWC Ventures, Insignia Ventures Partners
- Seed, Jan 6, 2019, $2.1M — Y Combinator, SBVA, Alpha JWC Ventures, Insignia Ventures Partners

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series A
- SBVA (https://capitalatlas.ai/funds/sbva) — Seed, Series A, Series B
- Alpha JWC Ventures (https://capitalatlas.ai/funds/alpha-jwc-ventures) — Seed, Series A, Series B
- Insignia Ventures Partners (https://capitalatlas.ai/funds/insignia-ventures-partners) — Seed, Series A, Series B
- Horizons Ventures — Series A, Series B
- Bangkok Bank — Series A
- ICONIQ Capital (https://capitalatlas.ai/funds/iconiq-capital) — Series A, Series B
- Ribbit Capital (https://capitalatlas.ai/funds/ribbit-capital) — Series A, Series B
- DST Global (https://capitalatlas.ai/funds/dst-global) — Series B