Mahakarya Artha Sekuritas Soon to Release Stockbit As A Stock Trading Application For Customers [UPDATE]

Local securities firm Mahakarya Artha Sekuritas announced that it will release its Stockbit stock trading application for its users. The Stockbit application is being prepared to use the new brand Stockbit by Mahakarya Artha Sekuritas which will be released in the next month.

Previously, the stock trading feature on Stockbit was stopped because the company's partnership with Sinarmas Sekuritas ended on August 6, 2021.

Director of Mahakarya Artha Sekuritas Megawati Seowardi said, Stockbit as an application trading shares will provide positive benefits to Mahakarya customers and stock investors in Indonesia.

He continued, investors who have invested with Mahakarya Artha Sekuritas and Stockbit users can build their investment portfolios using the Stockbit application. Meanwhile, new investors can also invest in stocks using Stockbit.

“Our vision for Stockbit is to increase financial inclusion in Indonesia through investment in the capital market. With the Stockbit application, opening a Customer Fund Account, buying and selling shares, and managing funds can be done 100% instantly online with modern and reliable technology. In addition, discussions about shares can be carried out interactively from and by investors. In the end, investors will benefit more," he said in an official statement, Thursday (26/8).

AC Ventures Founding Partner Pandu Sjahrir also gave his statement. He appreciated the steps taken by Mahakarya Artha Sekuritas because it made it easier for the public to understand and invest in stocks. "Hopefully this step can support the Indonesia Stock Exchange in making investment in the capital market more inclusive," said Pandu.

AC Ventures is one of the investors in Stockbit. They participate when Series A putaran round in 2019.

Separately when contacted DailySocialMegawati did not explain further whether behind this partnership there was a corporate action between Mahakarya's acquisition of Stockbit or vice versa, including changes in directors and so on. He only explained that the company is currently focusing on ensuring the running of the Stockbit by Mahakarya Artha Sekuritas application.

"We are currentlyUpdate users with information on how they can open stock accounts and transact. Also, we are preparing the Stockbit by Mahakarya Artha Sekuritas application on the Appstore and Playstore to ensure the smoothness and convenience of users in opening stock accounts and transactions and ensuring that the Stockbit by Mahakarya Artha Sekuritas application complies with applicable regulations," he said.

Stock investment through the Stockbit application offers several excellent features, including being able to use all the features in the Stockbit application for free, can be done without a minimum deposit and opening a Customer Fund Account which is 100% online and only takes one working day.

Previously, Stockbit has collaborated with Sinarmas Sekuritas since 2018. Stockbit users have skyrocketed to 980 thousand registered users as of August 5, 2021. This figure is an increase compared to the second quarter of 2021, which was 817 thousand users. As many as 70% of Stockbit users come from the age group of 18-34 years.

Among startups, Stockbit competes with Ajaib which has more than 1 million users.

In Indonesia, only 2% of the productive age population invests in the capital market. At the beginning of 2016, the number of stock investors was 434 thousand people. Meanwhile, at the end of July 2021, the number increased dramatically to 2,56 million. In terms of age, the Indonesia Stock Exchange recorded that as of May 2021, as many as 77,9% of the total stock investors were aged 18-40 years.

“In response to this positive trend, we are committed to opening up access and facilitating investment in the capital market, especially for novice investors and retail investors. We believe that everyone has the right to a better future through investment in the capital market, which is done correctly and consistently,” concluded Megawati.

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