Indonesian Micro Saving Fintech Receives Over US$3M in Funding Led by Go-Venturesby Fintech News Singapore September 12, 2019
Pluang, a fintech startup providing digital micro-savings for Indonesians (formerly known as EmasDigi), officially announced today its US$3 million Series A funding led by Go-Ventures.
Prior to the investment, Pluang primarly focused on a gold savings product. With this fresh capital, Pluang plans to launch other products, including US dollar savings and fixed return products.
At present, Pluang’s gold product allows investments starting from 0.01 grams (equivalent to roughly USD$0.50). Pluang claims to provide users real-time liquidity and peace of mind as the gold is kept in a government-backed institution through the official Indonesian commodities exchange.
“In terms of investment solutions, Indonesians are underserved, and there is a lack of access to financial products that have people’s interest at heart. We want to help Indonesian consumers see that better possibilities exist for growing their savings.”
“Whether coming from privilege or from the base of the pyramid, everyone deserves access to a better financial product that can ensure a brighter future.”
Featured image credit: Claudia Kolonas, Founder of Pluang and Aditya Kumar, Go-Ventures VP of Investments.