Indonesian financial planner, FUNDtastic has acquired shared of PT Nusantara Sejahtera Investama, the operator of mutual fund selling agent, Invisee. The deal has value of US$6.5 million.
According to the financial technology (FinTech)’ co-Founder and chief investment officer, Franky Chandra through a vide conference, both parties has been collaborating with Invisee since it was first launched in September 2019. Since eight months running, the company have total asset under management worth of Rp90 billion ($6.20 million).
After the acquisition, its expected that by the end of 2020 Invisee‘ portfolio could reach Rp500 billion, he adds. Currently, the FUNDtastic application has 6,000 active users with a total of 16,000 registered users and allocated an investment of Rp15 million on average.