Mutual fund portals Bibit, Bareksa a new Indonesian battleground for GoTo, Grab

Jakarta-based GoTo and Singapore-based Grab are on the opposing sides in this industry. PHOTO: AFP
New: Gift this subscriber-only story to your friends and family

JAKARTA - Two start-up giants GoTo and Grab have entered a new battleground in Indonesia, seeking to make online investing in mutual funds a fast and easy experience, like their ride-hailing and food delivery services.

The relatively new online mutual fund industry has benefited from a surge in retail investing by stuck-at-home millennials trying their hand in investment with the money that they would have otherwise spent on holidays or elsewhere if not for the pandemic.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.