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Indonesian stock platform Ajaib becomes country's latest unicorn

Company, backed by SoftBank and Li Ka-shing, rides retail investor growth wave

Ajaib says it has become Indonesia's latest unicorn. (Source photos by AFP/Jiji and screenshot from Ajaib's website) 

JAKARTA -- Ajaib, an investment app in Indonesia akin to Robinhood of the U.S., said on Monday it has become the country's latest unicorn after raising $153 million in its Series B funding.

Ajaib's status as a unicorn -- a private company valued at more than $1 billion -- comes just three years after its foundation and reflects growth in Indonesia's retail investing sector. Ajaib claims it is "the fastest startup to reach unicorn status in Southeast Asia."

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