The Jakarta Post
Digital investment portal Bareksa has received money from PT Gemilang Dana Sentosa, which also invests in e-payment provider DOKU.
Bareksa president director Karaniya Dharmasaputra said PT Gemilang Dana Sentosa would take 20 percent of Bareksa's equity through a rights issue.
Since six months ago, Bareksa opened the first round of investment to get new cash for expansion and talked to three investors, including PT Gemilang Dana Sentosa and one foreign investor.
(Read also: Bareksa, DOKU team up to promote mutual fund savings)
The company decided to accept PT Gemilang's offer.
"The new equity is important for Bareksa as we want to increase the number of mutual fund investors from 32,000 to 100,000 this year," Karaniya said during a press conference in Jakarta on Thursday.
Meanwhile, the owner of PT Gemilang Dana Sentosa, Thong Sennelius, said the integration with Bareksa would benefit DOKU users as they can place idle cash in an e-wallet for mutual funds.
"The rules from Bank Indonesia do not allow e-money to earn interest, so users can use their idle cash to earn some yields in the mutual funds sold by Bareksa," Thong told The Jakarta Post.
Currently, Bareksa is working with 24 asset managers and has sold 111 mutual funds products. About 32,000 mutual fund investors have already put Rp 200 billion through Bareksa. (bbn)