Wins Prestigious Awards And Becomes Number One In Indonesia, Check Out Bibit.id Travel In 2024

JAKARTA - Leading digital investment application in Indonesia, Bibit.id, closed 2024 with brilliant achievements. Bibit became the only fintech category State Securities Distribution Partner (SBN) to receive an award from the Ministry of Finance of the Republic of Indonesia, namely the Best Retail Government Securities Distribution (SUN) in 2024, the Financial Technology Category and Trade Organizers Through Electronic Systems Mitra Distribution of State Sharia Securities (SBSN) for Best Retail Year 2024 in the Financial Technology Category'.

PR & Corporate Communication Lead Bibit.id, William, said that this success repeats similar successes in 2023 and 2022. Previously, Bibit was asked to become the Best Retail SUN Distribution Partner (Midis) in 2022, the Best Retail SBSN Midistics in 2022 and 2023 Fintech Category and the Best Retail SUN Midist in the Fintech Category and Trade Organizers through the Electronic System in 2023.

"Throughout 2024, Bibit has also become the Midistic SBN which recorded the largest number of new SBN investors. This is in line with our mission to help the government increase public awareness of the importance of investing in SBN instruments," he said, in a written statement, Friday, December 27.

Not only that, in 2024, Bibit also won the 'WealthTech of the Year' award at the 2024 Asia FinTech Awards. Bibit defeated four other finalists from Singapore, including Bank of Singapore, Moomoo Singapore, RealVantage, and Syfe. Bibit is the only company from Indonesia that is included in the WealthTech (wealth technology) category.

"The award from within and outside the country is a reflection of people's trust in Bibit, which since its inception in 2019, has helped millions of investors in more than 490 cities in Indonesia to invest in the Capital Market. 2024 is a brilliant year and we thank all parties, especially users, who faithfully walked with Bibit on their investment journey," William said.

In May 2024, the Bibit 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. This achievement is not surprising considering that Bibit continues to innovate from time to time.

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 IDR 100,000 or even IDR 10,000. 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), Savings Bond Retail (SBR), Sukuk Tabungan (ST), Sukuk Retail (SR), Fixed Rate (FR), Project Based Sukuk and shares.

In 2024, Bibit also introduced an investment strategy called Systematic Investment Plan (SIP) to become popular in the midst of Indonesian society. Systematic Investment Plan (SIP) is 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 residence within the next 10 years, then the SIP strategy is very suitable to help them invest with discipline, ease, flexibility, and of course in a diversified portfolio.

"The SIP strategy is easier to run because Bibit provides Autodebit payment methods 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 value of the investment they want to achieve, arrange a routine investment schedule and choose a payment method. In 2024, there will be more than 500 thousand financial portfolios created by investors using the SIP strategy. We hope that the numbers will continue to increase next year," added William.

Regarding the financial goals achieved, Bibit noted that in 2024, there will be more than 32 thousand financial goals that have been achieved, for example for marriage funds, education, buying a dream house and pension funds. In the future, William said that Bibit will continue to innovate to provide a safe, easy, and enjoyable experience for the Indonesian people in investing.