Bizhare Receives Advanced Funding Led by Kejora Capital and SBI Holdings

Startups fintech SCF Bizshare announced that it had secured further funding led by Kejora Capital and SBI Holdings through the SBI-Kejora Orbit Fund. This round was also attended by several previous investors, such as Telkomsel Innovation Partners, AngelCentral, and several other strategic investors.

This funding will be used to expand services, develop technology, and bring more attractive business investment opportunities to users.

Previously the company announced A pre-series funding valued at $520 thousand in May 2021. AngelCentral became an investor lead in that round.

Bizhare Founder and CEO Heinrich Vincent said that the strategic collaboration between the company and Kejora Capital and SBI Holdings will strengthen Bizhare's position as a leading business investment platform that provides investment access for the public in a transparent and safe manner.

"So that it helps more people to be financially free," he said in an official statement, Tuesday (21/11).

Regional Partner/Advisor of Kejora Capital and Director of SBI-Kejora Orbit Fund Shunichi Keida added, MSMEs are a large part of the Indonesian economy, contributing more than 61% to GDP.

“Bizhare is at the forefront of connecting approximately $80 billion of liquid capital from retail investors and high-net-worth-individuals in Indonesia to support MSMEs and take them to the next level," he added.

Bizhare was initiated by Heinrich Vincent, Giovanni Umboh, and Gatot Adhi Wibowo in 2018. The startup provides inclusive access to investment and funding for people from various circles through mutual cooperation crowdfunding services.

Available investment options range from franchise businesses, MSMEs, to startups through offering shares, bonds and sukuk, with affordable capital. Some of the projects include Holycow, Bam Cargo, Sour Sally, Ubeatz, Pempek Farina, Shuka Grill, film funding to sukuk projects from private corporate vendors, regional government, BUMN/BUMD and ministerial tenders.

It is claimed that the company has distributed funding of more than IDR 200 billion to 130 MSMEs, along with 200 thousand investors who have joined its platform.

Currently, Bizhare has expanded the investor segment to institutional investors by launching the Bizhare Institution feature. This step allows private companies, family office, cooperatives, venture capital, foundations and other financial entities, to be able to collaborate and invest in various best businesses through Bizhare, as well as diversify investment portfolios into various types of industries and securities issuers with quite attractive returns.

Through this expansion, Heinrich hopes that his party can help companies/institutions to develop their company/institution finances in a transparent and safe manner, according to their risk profile.