Bibit, a part of Stockbit, is a robo-advisor app that aims to make investing more accessible in Indonesia.
Bibit puts your money into the mutual fund portfolio smartly and without the hassle.
Bibit was founded in 2016 by Wellson Lo and Johny Susanto. The company is headuartered in Setiabudi, Jakarta, Indonesia.
Bibit's technology uses the Modern Portfolio Theory approach introduced by economist Harry Markowitz which has proven to be able to protect your risk and maximize your profit through diversification.
Bibit helps put your money into a portfolio of mutual funds that are specifically made for you according to your age, income and risk tolerance. Its technology will work and monitor your portfolio automatically to maintain your optimal allocation.
Bibit has enabled millions of investors – mostly millennials and first-time investors – in 500 cities across the archipelago to build investment portfolios based on their risk profiles and investment goals in a safe, simple and seamless way.
Bibit is backed by Sequoia Capital India, Prosus Ventures, Tencent, GIC Private Limited, Harvard Management Company, East Ventures, EV Growth, AC Ventures, and others. The company raised $80M in new financing on May 26, 2022. This brings Bibit's total funding to $190M to date.