Indonesia, September 27, 2021, MAKMUR introduces seven-digit seed funding to secure further investments while advancing features.
MAKMUR: an Indonesian App
MAKMUR is an Indonesia-based investment app that allows users to invest long-term, similar to the Betterment app in the U.S.Â
MAKMUR aims to help people settle their goals all at once, which means people can invest in several plans whenever they want, and the app will allow them to track each one of their goals. It is so handy and became the most used app in Indonesia within just a few days.
Along with average investment features, the app also has a Robo Advisory feature that adapts to users’ risk tolerance, investment horizon, and prevailing economic conditions.
This proprietary dynamic asset allocation technology helps users invest optimally regardless of whether the market is bullish or bearish.
MAKMUR is accessible for every financial goal that a person can have, wherein standard condition financial advisory only becomes handy in exchange for a high price.Â
The app digitizes and democratizes financial services to be completely affordable for all Indonesian citizens. So MAKMUR usually is the one-stop solution to ever a financial problem.
Origin of MAKMUR
MAKMUR app is the brainchild of Sander Parawira, a Stanford University’s graduate, formerly the Head of Quantitative Strategies of Wall Street’s leading quantitative trading firm, Virtu Financial. Before Virtu, Sander was a Software Engineer at Facebook.
The team has a cumulative 30 years’ experience in the investment and technology space in reputable companies such as IndoPremier, Traveloka, and IBM and are graduates from the best universities globally such as Stanford University, UC Berkeley, Columbia University, and Purdue University.Â
Sander built the app intending to improve financial literacy and inclusions among Indonesian citizens. “Indonesia’s capital market investor has experienced significant growth; however, the number of investors today in Indonesia is still fewer than 2% of the population.
Following the seed funding round, we are hoping to bridge the financial inclusion gap while improving financial literacy across the country.”
Since the company obtained an official license from Otoritas Jasa Keuangan (OJK) in February 2021, it has partnered with ten leading investment managers.
They include Avrist Asset Management, Bahana TCW Investment Management, BNI Asset Management, Capital Asset Management, Eastspring Investment, FWD Asset Management, Principal Asset Management, RHB Asset Management, Syailendra Capital, and Trimegah Asset Management.
MAKMUR app is available on both Play Store and App Store for Android and iOS users, respectively. For further information, please visitÂ
Seven Seed Funding
Sander Parawira founded MAKMUR. He is the owner and the CEO of this application. When he founded the app for the first time, his only motive was to build and rebuild MAKMUR, again and again, to ensure that every single term and policy of this application stays as responsible as the user investing in the app. Moreover, over the years, he has been trying to execute his ideas through this very app.
“People think that investing in mutual funds is difficult. To do so, they have to go through several procedures from opening new bank accounts to ensure securities to prepare a large amount of capital and all the necessary things along with” said Sander Parawira.
Faiz Rahman, BEENEXT’s partner, added, “We are introducing a brand-new revolution throughout Indonesia where our mass market will soon realize the importance of investing.
MAKMUR enables retail investors to do prudent long-term investing in building wealth sustainably.
We are eagerly waiting for MAKMUR to come out with all the updates we built recently, and we are hoping that MAKMUR will have the biggest achievement this time.
Also, we, BEENEXT, decided to have a long-term partnership with MAKMUR as we believe in their mission to make investing easier, cheaper, and more sustainable for Indonesians.”Â
Overall, MAKMUR’s partner BEENEXT is excited about the recent updates. BEENEXT helped a lot develop advanced features and made sure that they would be joining MAKMUR for the long term to help the Citizens of Indonesia.
