Fintech Startup Bareksa: What to Know and Recent News

Recently considered as the fastest growing fintech startup in Indonesia, Bareksa is an online mutual funding marketplace that was established in 2013. Along with Bareksa, other fintech companies in Indonesia are also included in the list, such as Akulaku, Amartha, CekAja, GoPay, and Dana.

Bareksa itself is the first online marketplace in Indonesia that offers integrated mutual funding. Bareksa operates under PT Bareksa Portal Investments to provide various mutual funds from a lot of asset management. Previously, Bareksa has traded mutual funds in Indonesia along with PT Buana Capital too.

After several years of cooperation with PT Buana Capital, Bareksa finally received its licensed from the Financial Services Authority to trade mutual funds product directly in 2016. This license makes Bareksa the first fintech to gain such access in the Indonesian financial industry. 

Ady F. Pangerang and Karaniya Dharmasaputra are those behind the establishment of Bareksa. Until May 2019, Bareksa has been able to accommodate more than 90 companies as its asset amangement. Then, the total of fund being operated by Bareksa has reached IDR 1.8 trillion per March 2019.

Investment Instruments and Services by Bareksa

Just like many other fintech companies, transactions on the Bareksa platform could be completely done online. More interestingly, the minimum purchase to make transaction on Bareksa is only IDR 10.000 for each transaction. It makes Bareksa a great solution for the public to invest in a small amount first.

1. Services Offered by Bareksa Platform 

Not only offers mutual funds on its platform, but Bareksa also provides other products including data services, investment instruments, analysis, and news. Moreover, Bareksa is also becoming one of the fintech companies that are appointed by the government to trade the National Securities (SBN).

Currently, other new tech-companies that offer the National Securities aside from Bareksa include Investree and Tanam Duit. Similar to its mutual fund services, Bareksa also offers its other products online. Thus, people can easily access their preferable investment instruments anywhere and anytime on the Bareksa platform. 

2. Other Investment Instruments Offered

Furthermore, people can also find feature to trade gold on the Bareksa platform. Just like the other features, Bareksa allows you to buy gold online without too much difficulty. You can even benefit the deposit facility offered by Bareksa that becomes another option for affordable investment.

To offer this feature, Bareksa collaborated with Indogold, an online gold trader that has been approved by the authority to do so. Called BareksaEmas, this feature is now available on the Bareksa app both for Android and iOS. Thus, people don’t need to go anywhere but Bareksa to buy gold.

Recent News about Bareksa

Recently, the Bareksa investment platform has recorded funds under its management in the mutual fund market to increase in March 2020. In this case, Bareksa’s recorded funds increase around 5% compared to the previous month. Bareksa’s performance is considered stable with this achievement.

Moreover, Karaniya said that the number of investors on its platform has continued to rise. He said that there are more than 800 thousand of users joined Bareksa. On the other words, it is around 43 perfect of the total of mutual investors in Indonesia that invest through Bareksa.

Meanwhile, to support the government in fighting the Covid-19 pandemic, Bareksa has also launched a movement called #InvestLawanCorona. This movement is initiated by Bareksa with OVO and aim to donate funds from every sale on mutual funds as well as gold on the Bareksa platform.

All in all, Bareksa is a reliable mutual fund marketplace that offers investment alternative for the public. To trade mutual funds with Bareksa, people don’t need to go anywhere or spend a lot of initial money. This makes Bareksa a great startup that offers investment options, especially with affordable prices.