What is FUNDtastic?
Founded in Jakarta in 2019 by Harry Hartono, Franky Chandra, and Medwin Susilo, FUNDtastic operates within a burgeoning Indonesian market for capital investing. While historically favoring real estate, the nation is witnessing a gradual increase in professional diversification of holdings, supported by initiatives from the Indonesian Stock Exchange to attract retail investors. FUNDtastic aims to enhance accessibility to investment opportunities for Indonesians, positioning itself alongside other fintech innovators in the region.
How much funding has FUNDtastic raised?
FUNDtastic has raised a total of $7.7M across 1 funding round:
Series A
$7.7M
Series A (2021): $7.7M with participation from Ascend Capital Group and Indivara
Key Investors in FUNDtastic
Ascend Capital Group
Ascend Capital Group is an investor participating in this funding round, likely focusing on strategic growth opportunities within the technology or financial services sectors.
Indivara
Indivara, a participant in this investment, is presumed to be a strategic partner contributing to FUNDtastic's expansion within the Indonesian market.
What's next for FUNDtastic?
The recent major strategic investment signals a pivotal growth phase for FUNDtastic. This capital infusion is expected to fuel expansion initiatives, enhance product development, and solidify its market position. As Indonesia's investment sector matures, FUNDtastic is strategically poised to capitalize on increasing investor appetite and evolving financial technologies, potentially leading to further scaling and market penetration.
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