Exceeding 10 Million Downloads On Google Play, Bibit.id: We Will Continue To Innovate Answering User Needs

JAKARTA - The leading digital investment application in Indonesia, Bibit.id, has further confirmed its position as a favorite application for retail investors in the country. As of today, the Bibit.id application has been downloaded more than 10 million times on Google Play and became the first digital investment application in Indonesia to achieve this achievement.

Responding to this, Head of Marketing Bibit.id, Angie Anandita Tjhatra, expressed her appreciation for the trust of the Indonesian people in the services that Bibit provides.

"In December 2020, we celebrated the achievement of 1 million downloads on Google Play. Today, we celebrate the achievement of more than 10 million downloads. On behalf of management, we would like to thank the support and trust of users, retail investors in Indonesia, who have been walking and growing with us so far," said Angie, Monday, May 6. Furthermore, Angie explained that Bibit always innovates in responding to the investment needs of the Indonesian people. As is known, when it was founded in 2019, Bibit was known as an online mutual fund investment application that made it easier for people to purchase the best mutual fund products safely, easily, and with a minimum amount of Rp. 100,000 or even Rp. 10,000 alone.

In 2024, Bibit has helped investors invest in various classes of diversified assets such as mutual funds, state securities that can be purchased in primary and secondary markets such as Retail State Bonds (ORI), Retail Savings Bond (SBR), Savings Bond Savings Savings Savings (ST), Retail Sukuk (SR), Fixed Rate (FR), Project Based Sukuk and shares.

In terms of clarity, all products invested through Bibit, ranging from mutual funds, shares, and FR bonds, are listed at the Central Securities Indonesia Depository (KSEI) so that all investments are recorded on behalf of the user/investor as the asset owner.

"Bibits also make investments more inclusive. For example, now everyone can invest in Fixed Rate Bonds in Bibit starting at IDR 1 million," added Angie.

On the other hand, Bibit has won various prestigious awards such as The Best Fintech Company 2021 from CNBC Indonesia, Gold Champion of Investment Application Category, Indonesia WOW Brand 2023 from MarkPlus Inc. as well as Partner Distribution (Midis) of State Securities (SUN) of Best Retail in 2022, Midis of State Sharia Securities (SBSN) of Best Retail in 2022 and 2023 Fintech Category as well as the Best Retail SUN Midist in the Fintech Category and Trade Organizers through the Electronic System of 2023 from the Ministry of Finance of the Republic of Indonesia.

In 2024, Bibit will also popularize an investment strategy called Systematic Investment Plan (SIP), which is basically a combination of the strategy of the power of compounding and DCA.

SIP requires investors to deposit money into mutual funds in the same amount, scheduled, and in a time horizon that has been adjusted to their financial goals. For example, if investors want to buy their dream housing within the next 10 years, then the SIP strategy is very suitable to help them invest in discipline, ease, flexibility, and of course in a diversified portfolio.

Bibit makes it easier for SIP to do because it allows every investor to invest mutual funds automatically. Bibit provides Autodebit payment methods that allow Bibit to automatically shrink investor account balances for mutual fund investment. The choice of payment methods is also quite diverse, for example with RDN Wallet, GoPay, and Bank Jago.

With a few clicks, investors only need to create an investment portfolio, choose the mutual fund product they want, fill in the investment value to be achieved, arrange routine investment schedules and choose payment methods.

Learning from our experience for more than five years, we see that to help every investor achieve their financial goals, saving consistently is a very reasonable step. Therefore, we encourage the Indonesian people to use the Systematic Investment Plan (SIP) strategy in investing. In the future, we will certainly be present with various services and innovations that make investment in Bibit more secure, easy, seamless, and can help everyone build a better financial future," concluded Angie.