Bizhare Launches Mobile App, Aims for User Growth and Repeat Investment

Platform crowdfunding securitiesg Bizshare officially launched its mobile application. With the presence of this application, they aim to grow their investors by 5-10 times.

Bizhare's Founder & CEO Heinrich Vincent said, "Bizhare has had good traction and repeat investment rates since its inception. This application is expected to continue to maintain the trend of recurring investments. They also said there was a funding need for 1.200 prospective SME business publishers of IDR 100 trillion and IDR 2,4 trillion for funding needs for special publishers. sharia-based business.

"The growth of Bizshare publishers and prospective publishers has encouraged us to develop a better system through applications. We hope this innovation can facilitate the business funding process, especially investment interest in productive age is increasing where 80% of them access mobile devices," he said during a virtual press conference last week.

Established in 2017, Bizhare offers a complete range of investment instruments, from stocks, bonds, to sukuk. Bizhare's user profile also comes from various business sectors, namely F&B (41,8%), retail (29,1%), agriculture (18,2%) and services (9,1%).

Based on company data, Bizshare recorded a growth of 346% for active investors and 166% for registered investors. The total turnover generated by MSME publishers in Bizhare reached Rp82 billion, with a total dividend of Rp5,4 billion in dividends. Meanwhile, the total investment in Bizhare reached IDR 50,6 billion from 73.400 investors to 57 publishers.

From an internal survey he conducted, Bizhare CTO Giovanni Umboh said that Bizhare investors had more access to mobile web (79,5%), while the rest are using devices dekstop (20,5%). "Before deciding upgrade being an application, the growth of our investors in 2018 was very significant. Therefore, we are trying to develop applications to improve the quality of service, features, and security for Bizshare users," he added.

Potency crowdfunding securitiesg

Present on the same occasion, Managing Director of Plug & Play Indonesia Wesley Harjono said the market crowdfunding securities in Indonesia can be developed larger so that the fintech industry is not only centered on services peer-to-peer (P2P) lending only.

"I see a lot of potential from the founder in Indonesia in realizing their mindset and commitment. I think crowdfunding securities has great potential, especially since the industry and innovation are still relatively new. Regulators are also very supportive," he said

In general, the SCF market in Indonesia is still too far from P2P lending. The total distribution of P2P as of July 31, 2021 reached Rp236,47 trillion with a total of Actioncalendar 709.000 and amount borrowers as much as 66,7 million. Meanwhile, a total of 2 legal P124P companies registered and licensed at the OJK.

Meanwhile, OJK recorded the total funds raised from crowdfunding securities as of July 23, 2021, it was only IDR 313,56 billion. The number of operators who have registered or have business licenses from the OJK are still counted, including PT Dana Saham Bersama (Dana Saham), PT Santara Daya Inspiratama (Santara), PT Investasi Digital Nusantara (Bizhare), PT Numec Teknologi Indonesia (LandX), PT Crowddana Teknologi Indonusa (Crowddana).

Quoting Bisnis.com, Head of the OJK 2B Capital Market Supervision Department Ona Retnesti Swaminingrum previously revealed that the market is increasingly enthusiastic about securities offering schemes through technology-based crowdfunding services or crowdfunding securities (SCF). According to him, the market's positive response is in line with

This enthusiasm is in line with the release of new regulations related to SCF because it can now expand access to capital to the SME sector. This regulation also expands the types of securities offered through crowdfunding, not only stock securities, there are debt securities and sukuk (EBUS) securities.