Bareksa Plans to Work on Stock and Corporate Bond Investment Class

Bareksa announced that it is preparing a corporate stock and bond asset class in an effort to realize the company's position as a company marketplace investation. Since operating in 2016, it can be said that they are not as aggressive as similar players, namely Pluang, which is getting richer in offering various investment asset classes to its users.

Co-founder and CEO of Bareksa Karaniya Dharmasaputra said that the addition of other asset classes is expected to increase the enthusiasm of retail investors and further aware with various investment products. He assessed that currently, the momentum of beginner and advanced investors is growing, so investment platforms need to take full advantage of this opportunity.

"Later on, we will grow investment products in Bareksa to enter the stock market and corporate bonds," he said in a virtual press conference, Thursday (2/12).

Actually, Bareksa's plan to enter into corporate bonds been announced since 2019 with FIFGroup. However, it was postponed due to issues in the regulation section. Until now, Bareksa provides mutual fund investment products, Retail Securities (SBN), and gold. Counted to have 2,6 million retail investors with a growth of 115% year on year.

On this occasion, the company also announced the addition of a partnership with Pegadaian for BareksaEmas. The company has previously carried out a similar collaboration with IndoGold and is still ongoing today.

According to Karaniya, the presence of Pegadaian certainly increases the choice of users to invest in gold and earn money benefits offered by the Pawnshop. Users can get the Pegadaian gold savings product, which is a gold purchase and deposit service that makes it easy and safe to invest in physical gold.

“Pegadaian is very enthusiastic about building a partnership with Bareksa, which is the first financial and investment platform to use Pegadaian Gold Savings. Now all people can save gold easily and quickly through the Bareksa application,” said Director of Information Technology and Digital Pegadaian Teguh Wahyono who was also present on the occasion.

Users can have these products through the Bareksa application without the need to come to the Pegadaian branch office because the registration process is done completely online. This gold savings has several benefits as its added value, such as being able to be used as sharia financing to obtain a hajj quota, being able to pawn the savings to obtain financing.

"In the future, we will also integrate this feature with BareksaUmroh, which provides Islamic money market mutual fund investment features for Umrah and Hajj travel savings on the Bareksa platform," Karaniya added.

BareksaEmas offers a variety of excellent features. Among other things, the KYC registration and validation process (Know Your Customer) is fully carried out online. In addition, the Gold Pawnshop Savings at Bareksa offers a nominal transaction starting from IDR 50.000, for either purchase or sale (buyback). Investors can also buy (top up) or sell gold at BareksaEmas up to 100 grams per day.

Payments at BareksaEmas can be made via bank transfer, internet banking, ATM, virtual accounts, to electronic money. One of the very simple and easy payment modes seamless pattern is OVO because it can be verified automatically real-time and without any administrative fees.

For new customers who want to open Gold Savings in the Bareksa application, the method is very easy. Simply open the Bareksa application, select a gold management partner "PT Pegadaian", then specify the amount of gold to be purchased in grams or rupiah.

Application users must complete the data correctly. At the final stage, the customer is asked to process the payment. If the payment process is successful, the gold purchased will automatically be recorded in the Gold Savings feature on the Bareksa user account.

Karaniya continued, the presence of BareksaEmas will later be integrated with the platform Grab, given the company ride hailing has become one of the shareholders in Bareksa in Indonesia Series C putaran round which was announced some time ago.

The gateway to the world of investment

Precious metal gold continues to be an investment choice for the wider community because it can be a safe haven during a market crash, and is considered sharia-compliant. During the pandemic, volatility in stock-based assets boosted demand for safe-haven assets such as gold. Currently, the price of gold is at a new level, which is an average of IDR 820 thousand per gram, up 41% from the 2018 average price of IDR 570 thousand per gram, so gold can be a long-term investment choice for investors.

This investment alternative can be considered as pintu gateway to introduce the world of investment to more new investors, especially since this instrument is so familiar to Indonesians.

Jakpat survey results at the beginning of this year showed as many as 46% of respondents in Indonesia have gold investments. This figure is the highest compared to other instruments, such as mutual funds (32%) and bank deposits (30%). Next, stocks (22%), property (18%), foreign exchange (10%), and only 5%-7% chose bonds and sukuk. Meanwhile, there are still 29% who do not invest.