💰 SBI invests $270M for 20% stake in Indonesian fintech Ajaib
SBI Holdings announced on August 28 a strategic investment in Ajaib Group, securing approximately 20% equity and establishing it as an affiliate. The $270 million investment marks Ajaib's largest technology funding round since 2022 and brings cumulative funding to over $500 million since 2019.
Ajaib operates a multi-asset platform covering stocks, bonds, funds, crypto assets, stablecoins, commodities and foreign exchange. The partnership supports SBI's strategy to build digital-asset infrastructure and exchange networks across Southeast Asia, with Ajaib planning to use the capital for regional expansion.
💰 Investment: $270M | Stake: ~20% | Cumulative funding: $500M+
📰 Source: CryptoDaily
#Ajaib #SBI #FinTech #Crypto #SEAsia
August 30, 2026 99 1
