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Bibit

“Can a robo-advisor wrapper become Indonesia's default consumer + SMB investment platform across mutual funds, bonds, and stocks?”

Founded2019
HQJakarta, Indonesia
Total raised$110M+ (as of 2021)
Latest roundGrowth round, May 2021
IndustryFintech / Investment
The story

Bibit launched in 2019 as a robo-advisor mutual fund (reksa dana) app for beginner Indonesian retail investors, spun out of Stockbit's stock investing community. Backed heavily by Sequoia India, Prosus and Tencent, it expanded from mutual funds into government bonds (SBN/FR), equities (via parent Stockbit), and B2B treasury (Bibit Bisnis). Its embedded finance posture is that of a regulated APERD agent — money sits at custodian banks (BCA, BNI, HSBC) and KSEI, not on Bibit's balance sheet — and partnerships with Bank Jago (instant withdrawal), GoPay (autodebit), and virtual account rails handle the payment plumbing.

Last 12 months
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Product timeline
0
Expanded to SBN (government bonds), Fixed Rate bonds, and stocks (via Stockbit integration)· product
0
Launched Bibit Bisnis for corporate treasury investments in mutual funds and FR bonds· product
0
Launched Stable Earn and Cash Sweep (auto-invest RDN cash into Grow Optima Liquid Fund money market)· product
0
Partnership with Bank Jago for Instant Withdrawal+ (Pencairan Instan+)· banking
2019
Bibit launched by Stockbit as a robo-advisor mutual fund app for Indonesian retail investors· pivot
2021
Raised $65M growth round led by Sequoia Capital India with Prosus, Tencent, Harvard MC· funding
Regulated entities
APERD (Mutual Fund Selling Agent)
Indonesia (OJK)
PT Bibit Tumbuh Bersama
The stack
Payments / PSP
GoPay (autodebit)Bank virtual accountsBank Jago (instant disbursement partner)
Banking / BaaS
Bank Jago (partner)
Accounting gap: minor