PT Bumi Santosa Cemerlang

Based in Indonesia, PT Bumi Santosa Cemerlang operates a financial application that facilitates a wide range of investment opportunities tailored for Indonesian consumers, promoting accessibility to various asset classes. PT Bumi Santosa Cemerlang, founded in 2019, is headquartered in Jakarta, Indonesia. The company operates the Pluang financial application, which provides access to diverse investment products. Claudia Kolonas and Richard Chua are the founders, while Adela Putri and Putri Khairunnisa serve as the current CEO and figures in the company.

The firm has successfully completed a total of 4 deals, with the most recent deal occurring on November 30, 2021. In its latest funding round, the Series C raised USD 55. 00 mn led by Accel, with participation from several other investors. The company has achieved a total amount raised of USD 55.

00 mn and currently holds a valuation of USD 286. 57 mn. Pluang is a financial application managed and developed by PT Bumi Santosa Cemerlang, offering a diverse array of investment products tailored to meet the needs of Indonesian consumers. The platform provides access to over 650 US stocks and ETFs, 360 cryptocurrencies, more than 65 mutual funds, and gold investments, all within a single interface.

Users can maximize their trading potential with features such as 25x leverage on US stock investments, significantly enhancing their purchasing power. Additionally, Pluang offers innovative investment plans including hassle-free packages that provide competitive yields without minimum deposits or lock-in periods, thereby catering to retail investors in Indonesia. In the most recent fiscal year of 2021, Pluang reported a revenue of USD 0. 00 and an EBITDA of -USD 4,510,873.

The company's revenue model is based on transaction fees from trades involving various financial products, including US stocks, cryptocurrencies, mutual funds, and gold. Clients can execute trades by selecting investments and confirming purchases, incurring fees based on transactions. Pluang aims to enhance user engagement while ensuring compliance with regulatory guidelines set by OJK and Bappebti. Following the Series C funding round which raised USD 55.

00 mn in January 2022, PT Bumi Santosa Cemerlang plans to leverage the financial resources to enhance its technology capabilities, expand its asset classes, and increase the availability of its services across Southeast Asia. The company is focusing on launching new products aimed at diversifying its offerings and potentially entering new markets in the region.