Bibit - About the company
Bibit is an acquired company based in Jakarta (Indonesia), founded in 2019 by Wellson Lo. It operates as an App-based mutual funds investment platform. Bibit has raised $175M in funding from GIC and Prosus. The company has 1590 active competitors, including 105 funded and 110 that have exited. Its top competitors include companies like Robinhood, Groww and Public.
Company Details
Bibit provides an app-based mutual funds investment platform. It is an automatic portfolio manager which manages investment based on age, income and risk tolerance capacity. It features auto risk profiling, funds allocation, portfolio management, and monitoring.
- Website
- bibit.id
- Email ID
- *****@bibit.id
- Phone Number
- +62 **********
Key Metrics
Founded Year
2019
Location
Jakarta, Indonesia
Stage
Acquired
Total Funding
$175M in 3 rounds
Latest Funding Round
Ranked
55th among 1590 active competitors
Employee Count
468 as on Aug 31, 2026
Exit Details
Acquired by Stockbit (Feb 14, 2019)
Bibit's acquisition details
Bibit got acquired by Stockbit on Feb 14, 2019.
Click here to take a look at Bibit's acquisition in detail
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Bibit's funding and investors
Bibit has raised a total funding of $175M over 3 rounds. Its first funding round was on Jan 05, 2021. Its latest funding round was a Series C round on May 25, 2022 for $*****. 2 investors participated in its latest round. Bibit has 10 institutional investors.
Here is the list of recent funding rounds of Bibit:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 25, 2022 | 1503532 | Series C | 6779939 | 3514178 | 7175662 | 4051707 |
May 03, 2021 | 3737055 | Series B | 3879426 | 2846667 | 3936171 | |
Jan 05, 2021 | 6509310 | Series A | 4412701 | 7796061 | 6202797 |
View details of Bibit's funding rounds and investors
Bibit's founders and board of directors
Founder? Claim ProfileThe founders of Bibit is Wellson Lo.
Here are the details of Bibit's key team members:
- Wellson Lo: Co-Founder of Bibit and founder of 1 other company. Contact Info: 1 email address
View details of Bibit's Founder profiles and Board Members
Bibit's employee count trend
Bibit has 468 employees as of Aug 26. Here is Bibit's employee count trend over the years:
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Bibit's Competitors and alternates
Top competitors of Bibit include Robinhood, Groww and Public. Here is the list of Top 10 competitors of Bibit, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Robinhood 2013, Menlo Park (United States), Public | Broker-based online trading and investment platform | $5.58B | 89/100 | |
2nd | Provider of digital brokerage services for stocks and mutual funds | $596M | 88/100 | ||
3rd | Public 2019, New York City (United States), Series D | Multi-asset investment platform for individuals | $421M | 79/100 | |
4th | Freetrade 2015, London (United Kingdom), Acquired | App-based stock market trading platform | $165M | 79/100 | |
5th | Provider of online trading platforms for stocks bonds and derivatives | $549M | 78/100 | ||
6th | Wealthsimple 2014, Toronto (Canada), Series F | Provider of financial services including investing, trading, saving, and borrowing | $1.29B | 77/100 | |
7th | Online investing platform for stocks and mutual funds | $515M | 77/100 | ||
8th | Broker-based online trading and investment platform | $220M | 77/100 | ||
9th | Developer of financial service products and infrastructure for Indian residents | $146M | 77/100 | ||
10th | Scalable Capital 2014, Munich (Germany), Series F | Provider of a digital investment and brokerage platform | $550M | 77/100 | |
55th | App-based mutual funds investment platform | $175M | 60/100 |
Looking for more details on Bibit's competitors? Click here to see the top ones
Bibit's Investments and acquisitions
Bibit has made no investments or acquisitions yet.
Reports related to Bibit
Here is the latest report on Bibit's sector:
News related to Bibit
•
Bibit Raises Over USD80M in Fundingexplode.africa•May 28, 2022•Bibit, GIC, Prosus, General Insurance Corporation of India
•
Indonesian Robo Advisor Bibit Bags US$ 65 Million in Funding Round Led by SequoiaFinTechnews•May 04, 2021•Bibit, Sequoia Capital, Prosus, Tencent and 3 others
•
Bibit raises US$65M to scale its robo-advisory platform among Indonesia’s millennialse27•May 03, 2021•Bibit, Sequoia Capital, Prosus, Tencent and 5 others
•
Bibit bolstered by EV Growth-backed roundGlobal Corporate Venturing•Jan 06, 2021•Bibit, East Ventures, Yahoo Japan, Sinar Mas and 1 other
•
Indonesian investment platform Bibit bags $30m in new moneyTech in Asia•Jan 05, 2021•Bibit, Sequoia Capital, East Ventures, AC Ventures and 1 other
•
•
Indonesia’s trader platform Stockbit acquires mutual fund app BibitDeal Street Asia•Feb 14, 2019•Stockbit, Bibit
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