1. Startups

Stockbit Targets Acquisition of Masterpiece Sekuritas to Be Completed Before the End of 2021

The Mahakarya team has no change in management; Stockbit's second acquisition after Seed's acquisition in 2019

Stockbit has received approval from OJK to acquire securities company PT Mahakarya Artha Sekuritas, after the first news was announced since August 2021. The acquisition process will be completed before the end of 2021.

Furthermore, the name of Mahakarya Artha Sekuritas will change to Stockbit Sekuritas. This is Stockbit's second acquisition after Seeds in 2019.

Stockbit Co-founder Wellson Lo said, "We believe that the combination of Mahakarya's experience and Stockbit's expertise in the digital realm will offer investors an easy, safe and reliable investment solution.

“Thank you to OJK for accompanying us in this whole process. Thank you for supporting Stockbit's commitment to providing an investment platform online that is easy, safe and reliable to all Indonesian people," said Wellson in an official statement.

President Director of PT Mahakarya Artha Sekuritas Megawati Soewardi added, this acquisition will also be accompanied by team strengthening in order to answer challenges in the industry. Meanwhile, customers who have invested in Mahakarya previously can still transact as usual, even more benefit from Stockbit's capacity in technology.

Separately when contacted DailySocial.id, Wellson said the company will complete the acquisition process as soon as possible after obtaining permission from the OJK. Mahakarya will announce the change of controlling share, change of name, and domicile address. "For management, we maintain the current management, and strengthen the team again to answer challenges in the industry."

Masterpiece currently has its own application, later when the acquisition has been completed, all activities trading will be redirected to Stockbit.

According to him, this corporate action can bring huge profits for the company, as well as Stockbit users. What is certain is that users can invest shares in Stockbit Sekuritas, which previously stopped when the company's previous business partnership with Sinarmas Sekuritas stops. "Then, users can invest comfortably without worrying about the possibility of changing cooperation with securities again in the future."

It was also mentioned that the impact of the announcement of the entry of Mahakarya on August 26, 2021, was able to increase the enthusiasm of users who had dropped for several weeks because they could not carry out activities. trading on line. “But in terms of visiting it is still safe because they can use Stockbit Stream (a social platform) and Stockbit Pro to tool more comprehensive analysis. Later after completing the acquisition and changing the name, hopefully confidence users increase."

Regarding the next plan to enter other investment asset classes, such as crypto assets, Wellson said his party was trying to be relevant by answering: point bread experienced by the user. However, to be able to add another asset class, further research is needed. “However, we are committed to continuing to innovate in providing the best service for users. If this were to be something that part, we will let you know soon.”

It said Stockbit currently has one million users, with 90% of them under 35 years of age. In Indonesia, the number of stock investors recorded a significant increase from time to time. At the beginning of 2016, the number of stock investors was 434 thousand people. Meanwhile, at the end of October 2021, the number was 3,1 million.

“We hope that modern online stock trading services, but presented in a simple way, can increase public interest in investing in the capital market. Stockbit wants to contribute in increasing the number of investors in the capital market as well as supporting the national economy. To increase the knowledge of investors, especially novice investors, we have also launched Stockbit Academy as a means of learning stocks from scratch from professionals for free,” concluded Wellson.

Speed ​​up the acquisition process

The acquisition of this securities company was previously carried out by Ajaib against PT Primasia Unggul Sekuritas (now called Ajaib Sekuritas) in March 2020. The presence of a securities company that is directly integrated with the platform, of course, makes it easier for companies to acquire new users.

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For example, in terms of opening a Customer Fund Account, buying and selling transactions, to withdrawing funds online, everything can be done digitally without any physical documents. This move was able to make Magic grow rapidly, both in terms of transaction volume and the number of users.

The latest data shows that in the past two years, Ajaib has managed to acquire more than one million retail investors. Even in the last three months, it has reached 400 thousand new users. Based on data from the Indonesia Stock Exchange for the period 1-5 November 2021, Ajaib is in third place as the most active broker for 1,04 million times with a transaction value of Rp1,46 trillion.

The space for investor growth, especially retail in Indonesia, has the potential to be more stretched because currently the number of investors still does not reach 1% of the total population of Indonesia. As a result, mergers and acquisitions driven by digital startups are very likely to be even more crowded in the future because they are able to encourage accelerated growth with digital platforms.

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