Bibit.id Wins 'WealthTech Of The Year' Award At The Asia FinTech Awards 2024

JAKARTA - The leading digital investment application in Indonesia, Bibit.id, won the WealthTech of the Year award at the 2024 Asia FinTech Awards. Bibit.id defeated four other finalists from Singapore, including Bank of Singapore, Moomoo Singapore, RealVantage, and Syfe. The news of this victory was read out on the eve of the 2024 Asia FinTech Awards in Singapore.

William said that this victory is a reflection of the trust of the Indonesian people which is translated through the choice of the Jury which chooses Bibit, the only company from Indonesia that is included in the WealthTech (wealth technology) category.

"We really appreciate the awards that Bibit received. This is the result of the hard work, innovation, and collaboration carried out continuously by our team in order to provide a safe, easy, and inclusive investment experience for millions of investors in Indonesia. The various features and innovations that we have presented since 2019 until now have proven to have democratized access to investment in the Capital Market," William said, in a written statement, Monday, August 26.

The 2024 Asia FinTech Awards are an award event given to financial technology companies throughout Asia that have proven to bring innovation and positive contribution to society. The winners in the 2024 Asia FinTech Awards were selected by nine Jurys from Singapore, Japan, India, Kazakhstan, Taiwan, the Philippines, and Sri Lanka.

chaired by Chia Hock Lai as co-founder of the Global Fintech Institute, another Jury consists of big names in industry such as Shadab Taiyabi (President, Singapore FinTech Association), Takeshi Kito (Co-founder and CEO of ELEVANDI, Japan), and Yerbol Orynbayev (former Deputy Prime Minister of Kazakhstan and Governor of the World Bank).

For information, Bibit.id was founded in 2019 as a mutual fund investment application for beginners. Over time, Bibit continues to innovate through other asset features and classes so that people who have different preferences in investing can still use Bibit.

Now, people can invest in various classes of diversified assets such as mutual funds, Government Securities (SBN) that can be purchased in primary and secondary markets such as Retail State Bonds (ORI), Savings Bond Retail (SBR), Sukuk Tabungan (ST), Sukuk Retail (SR), Fixed Rate (FR), Project Based Sukuk and stocks.

Bibit is also the leading Robo Advisory platform in Indonesia, which has been licensed and supervised by the Financial Services Authority (OJK) as a Mutual Fund Effect Seller Agent (APERD), Intermediary Marketing Partner for Level II Securities Traders, and appointed by the Indonesian Ministry of Finance as SBN's Official Distribution Partner.

At the end of 2023, Bibit received four prestigious awards from the Ministry of Finance of the Republic of Indonesia, namely the Best Retail State Securities (SUN) Distribution Partners (Midis) in 2022, the Best State Sharia Securities Midistics (SBSN) for 2022 and 2023 for the Fintech Category and the Best Retail SUN Midists for the Fintech Category and Trade Organizers through the Electronic Systems in 2023.

"This award will certainly increase the enthusiasm of our team to continue to provide the best for investors in Indonesia," William concluded.