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Indonesian unicorn Bukalapak launches fintech subsidiary

Company aims to show commitment to provide equal access to investment

E-commerce unicorn Bukalapak has launched a new fintech business unit and mutual funds selling agent called Buka Investasi Bersama. (Photo by Erwida Maulia)

JAKARTA -- Indonesian e-commerce unicorn Bukalapak on Monday announced that it has launched a new fintech business unit and mutual funds selling agent Buka Investasi Bersama, or BIB. The company said it aims to display its commitment to providing equal access to investment for everyone.

Bukalapak introduced its first investment service called BukaReksa in 2016 in partnership with online mutual funds platform Bareksa. BukaReksa has since improved access to those services for Bukalapak's users, many of them who are outside major cities and come from various socio-economic backgrounds. They include people currently not served by traditional banking and financial institutions.

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