FUNDtastic Company Profile

Background

Overview

FUNDtastic is a financial technology company based in Jakarta, Indonesia, founded in 2018. The company operates as a licensed Mutual Fund Selling Agent (APERD) under Indonesia's Financial Services Authority (OJK). FUNDtastic offers an app-based platform designed to assist individuals in achieving financial independence through accessible and user-friendly investment options. The platform provides a range of investment products, including mutual funds, precious metals (gold), and government bonds, along with tools for financial planning and goal setting.

Mission and Vision

FUNDtastic's mission is to empower Indonesians to achieve financial independence by providing an accessible and user-friendly platform for investing. The company's vision is to become a leading wealth platform in Indonesia, offering a comprehensive suite of financial products and services that cater to the diverse needs of its users.

Industry Significance

As a fintech company operating in the rapidly growing Indonesian market, FUNDtastic plays a significant role in democratizing access to financial services. By offering a mobile application that simplifies investment processes, the company contributes to increasing financial literacy and inclusion among Indonesians.

Key Strategic Focus

Core Objectives

Financial Inclusion: Expand access to financial services for underserved populations in Indonesia.

User Education: Provide educational resources to enhance financial literacy among users.

Product Diversification: Offer a wide range of investment products to meet various financial goals.

Areas of Specialization

Investment Advisory: Guidance on mutual funds, gold, and government bonds.

Financial Planning Tools: Features for setting financial objectives, managing cash flow, and handling portfolios.

Key Technologies Utilized

Mobile Application Development: User-friendly interfaces for iOS and Android platforms.

Data Analytics: Tools for personalized investment recommendations.

Primary Markets Targeted

Retail Investors: Individuals seeking accessible investment options.

Young Adults (18-30 years): Targeting the growing segment of young investors in Indonesia.

Financials and Funding

Funding History

FUNDtastic has raised a total of $7.7 million across two funding rounds. The most recent was a Series A round of $7.7 million completed in February 2021.

Notable Investors

Ascend Capital Group: Investment advisory services firm.

Indivara Group: Provides IT consulting, software development, and platform solutions for financial sectors.

Utilization of Capital

The funds have been allocated towards strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Pipeline Development

Key Pipeline Candidates

Mutual Fund Offerings: Expanding the range of mutual funds available on the platform.

Gold Investment Products: Introducing new gold investment options.

Government Bonds: Adding more government bond products to the portfolio.

Stages of Development

Product Development: Ongoing enhancement of investment products.

Market Expansion: Increasing user base and geographic reach.

Target Conditions

Financial Planning: Tools for setting financial objectives and managing portfolios.

Investment Accessibility: Simplifying investment processes for users.

Anticipated Milestones

User Growth: Achieving significant increases in active users.

Product Launches: Introducing new investment products and features.

Technological Platform and Innovation

Proprietary Technologies

Investment Algorithms: For personalized investment recommendations.

User Interface Design: Intuitive app interfaces for seamless user experience.

Significant Scientific Methods

Data Analytics: Analyzing user behavior to tailor investment advice.

Machine Learning: Improving recommendation accuracy over time.

Leadership Team

Key Executives

Harry Hartono: Co-Founder & CEO.

Medwin Susilo: Co-Founder & Chief Technology Officer.

Franky Chandra: Co-Founder & Chief Investment Officer.

Professional Backgrounds

Harry Hartono: Experienced in financial services and fintech startups.

Medwin Susilo: Expert in technology development and fintech solutions.

Franky Chandra: Specializes in investment strategies and financial planning.

Key Contributions

Harry Hartono: Led the company's strategic vision and growth initiatives.

Medwin Susilo: Oversaw the development of the platform's technology infrastructure.

Franky Chandra: Directed investment product development and advisory services.

Market Insights and Competitor Analysis

Market Size and Growth Potential

The Indonesian fintech market is rapidly growing, with increasing adoption of digital financial services. This growth is driven by a large unbanked population and rising smartphone penetration, creating high potential for digital financial planning and investment platforms.

Industry Trends

There is a significant shift towards digital financial planning and investment platforms that simplify access to various investment products for retail investors.

Key Competitors