Japanese financial services group SBI Holdings has invested $270 million in Indonesian multi-asset investment platform Ajaib Group, acquiring an approximate 20% stake as it expands its digital asset presence in Asia.
Ajaib confirmed the $270 million strategic investment in a Friday LinkedIn post, saying that it marks Indonesia's largest tech funding round since 2022 and brings the firm's total funding raised since 2019 to more than $500 million.
SBI did not disclose the investment amount in its announcement but confirmed an approximately 20% minority stake, making Jakarta-based Ajaib an equity-method affiliate of the Japanese firm.
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Ajaib's crypto and stablecoin business Ajaib provides access to domestic and international equities, bonds, mutual funds, exchange-traded funds, crypto assets, stablecoins, commodities, and foreign exchange, alongside payments and savings services.
