1. Startups

Nanovest Officially Launches, Offers Ease of Investing in US Stocks and Crypto Assets

Utilization of NBT tokens for various features and business synergies; cooperate closely with several business units of the Sinarmas group

Platform wealthtech Nanovest (PT Grow Together Nano) officially launched today (24/8). Currently, the investment instruments offered are shares of US companies and crypto assets. Targeting beginners, this application allows users to invest starting from 5 thousand Rupiah.

On the occasion of the media meeting in Bali, COO Nanovest Billy Suryajaya explained that his party felt the need to create a safe, comfortable, and easy digital asset investment space --- in accordance with Nanovest's mission. "We are also committed to continuously conducting a series of education about benefits invest in Nanovest," he added.

Since its debut, the Nanovest app has been downloaded by around 2,5 million users. Currently active users (who have completed the KYC process) have also reached more than 600 thousand people.

"PT Growing Together Nano is a company whose 100% ownership is a local company and its office is in Sudirman, South Jakarta. Structurally all members of the company's board of directors and commissioners are Indonesians," said Billy.

Features of Nanovest

Currently Nanovest has also collaborated with crypto asset developer NanoByte Token (NBT). The NBT token is utilized with various features and Nanovest affiliate business. NBT itself was developed by a company incorporated in the British Virgin Islands.

Today's Nanovest has a number of fundamental features. First there is NanoAvatar, which allows users to create an avatar with their own characteristics. Second there is Nano+, a membership system in Nanovest.

“Nano+ provides a special experience for Nanovest and NBT Holder users. Get special discounts and other attractive offers at various partners such as the Ritz Carlton, Halodoc, Sayurbox, Yello Fit, and many more," Billy explained.

The third feature is NanoRace, which contains a series of competitions such as trading competition, referral program, and buy-and-stakes with a total prize of 20 billion Rupiah. Then there is also NanoPlay, which is a gamification feature in applications such as check-in missions and top-upmission.

Nanobid is also available in the application, which is an auction feature for a certain period of time for an item specifically provided by Nanovest. There are also Nanolympics, competitions trading for application users. And finally NBT Staking, NBT owners can lock in a number of tokens in the long term to earn profits.

Strategic partnership with Sinarmas . group

Nanovest also cooperates with a number of Sinarmas business units to become part of its business processes. First, they cooperate with the insurance company Sinarmas to provide more protection for investors' assets.

They also cooperate with the unit p2p loans Sinarmas, namely Danamas. NBT owners can get loans from Danamas by making the tokens as collateral. This service can be used as of April 2022. Users can get a loan limit of up to 100 million Rupiah.

NBT utilization is also implemented with Sinarmas Land, providing users with the opportunity to earn money benefits in the form of discounts when buying property.

However, when asked whether Sinarmas is a shareholders Principal of Nanovest, Billy said that for now the existing partnerships are only strategic synergies. Sinarmas Group is not yet a shareholder in Nanovest --- he is also reluctant to detail who the investors are from the application wealthtech The.

Value proposition offered

Nanovest is currently registered with BAPPEBTI. They are trying to bring synergy between the web3 world that is being built with the existing web2 ecosystem. Utilization of NBT to various digital platforms is one of the initial stages of realization.

More Coverage:

It is undeniable that Nanovest has to deal with various investment applications that are increasingly mushrooming. Realizing this, try to highlight a few things. Starting from the e-KYC feature which is claimed to be the best in its class, because it can verify and validate user data when less than 1 minute.

For US stock investment, Nanovest is working with Alpaca to accommodate stock transactions. The selection of this investment instrument is also based on user research. “Everything just goes, our product determination is based on the needs of the user. We hope to be a more personal investment application,” said Billy.

Previously, Nanovest also joined the program Tokocrypto Sembrani Blockchain Accelerator and get investment support from Tokocrypto.

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