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Indonesian securities crowdfunding firms eye $95m in funds raised this year
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Piggy bank: Local securities crowdfunding businesses aim to surpass Rp 1.5 trillion (US$95.3 million) in funds raised this year, building on a strong performance last year.
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ocal securities crowdfunding businesses aim to surpass Rp 1.5 trillion (US$95.3 million) in funds raised this year, building on a strong performance last year.
That target calls for a rise of over 35 percent on the total collected funds in the past four years, which amounted to Rp 1.1 trillion.
Indonesian Crowdfunding Association (Aludi) secretary-general Patrick Gunadi attributed the sector’s robust performance to its compound annual growth rate (CAGR) of 50 percent over the past years, which he believed would continue this year.
“This year, we’re dedicated to enhancing the market reach of securities crowdfunding,” Patrick said, as reported in Kontan.
“This involves supporting our members in securing licenses from the Financial Services Authority [OJK] and encouraging increased investor activity in transactions,” he continued.
Read also: OJK imposes cuts on P2P interest rates, fees starting next year
The number of securities crowdfunding issuers has surged 10-fold since 2019, reaching 550 by December 2023. This year, it aims to acquire 825 issuers, Patrick said.
