Ajaib Group collects $25M in Horizon Ventures-led fundraising

Indonesian stock brokerage operator Ajaib Group raised $25 million to expand its technology infrastructure, recruit top engineering talent and deepen its product offering, the South China Morning Post reported Jan. 11.

Hong Kong tycoon Li Ka-shing's Horizons Ventures Ltd. led the fundraising with Indonesian fund Alpha JWC Ventures, while other existing Ajaib Group investors, including SoftBank Ventures Asia, Insignia Ventures and Y Combinator, also participated.

The fresh capital will also support the online investment platform's #MentorInvestasi education campaign.

Ajaib Group's Ajaib Sekuritas is the fifth-largest brokerage in Indonesia and has facilitated more than 10 billion lots of stock transactions, the publication reported.