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# Indonesian investment app Bibit secures $80 million in funding
- URL: https://www.techloy.com/indonesian-investment-app-bibit-raises-80-million/
- Published: 2022-05-26T11:56:00.000Z
- Updated: 2022-12-08T01:00:16.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: Tech in Indonesia

[Bibit,](https://bibit.id/) an Indonesia-based online investment app focusing on capital market and meeting of financial goals through investments has secured $80 million in its new funding round. 

- The funds will help the firm build out new products and services, develop its tech team, and promote financial education through its program in the country.
- Launched in 2019, Bibit started as a platform for sharing investment ideas, stock news and information but now leads investment in innovative products and services in the capital market and assists users in investing in diversified assets.
- The platform has enabled over 500 investors to build their investment portfolios.
- GIC Private Limited (GIC) led the funding round with participation from Prosus Ventures and existing investors.