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From under $1: Indonesia's Ovo rolls out new investment product

Unicorn and Bareksa target the young in digital and online 'first' for country

Users of new investment platform Manulife Ovo Bareksa Likuid can instantly liquidate their investment and convert it into Ovo Cash. (Photo by Dimas Ardian)

JAKARTA -- Indonesian e-wallet unicorn Ovo and mutual fund platform Bareksa have teamed up to launch a new investment product allowing small savers to buy funds for as low as 10,000 rupiah ($0.71) from their app.

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