SBI’s $270M Ajaib Deal Signals Growing Confidence in Indonesia’s Crypto
SBI Holdings, a Tokyo-based financial giant, has poured Rp4.8 trillion (approximately US$270 million) to acquire a 20% stake in Indonesian online trading platform Ajaib.
SBI Holdings, a Tokyo-based financial giant, has poured Rp4.8 trillion (approximately US$270 million) to acquire a 20% stake in Indonesian online trading platform Ajaib.
Indonesia’s coffee operators have stopped competing on the cup. The contest now runs on loyalty ecosystems, mobile-first ordering, and automated retail. The sector reads more like consumer technology.
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USD7.3 billion in GMV across the region in 2025. That figure is 4.6% of regional e-commerce and 0.67% of total retail.
47 million investors. Two homegrown platforms posting record profits. One American giant acquiring its way in. Here are the heroes, the numbers, and the mechanics.